Gold prices (XAU/USD) struggled to gain ground around $2,570 on Friday (11/15) after rebounding from a two-month low in the previous session. The precious metal remained under selling pressure amid a stronger US Dollar (USD) and growing uncertainty over the Federal Reserve's (Fed) move to cut interest rates. Expectations of higher inflation next year due to Donald Trump's policies have led to fewer expected rate cuts, weighing on the yellow metal as higher rates make non-yielding assets such as bullion less attractive.
However, rising tensions in the Middle East and the ongoing conflict between Ukraine and Russia could boost gold prices, a traditional safe-haven asset. Looking ahead, investors will be watching US Retail Sales for October, due on Friday. Additionally, NY Empire State Manufacturing Index and Industrial Production data will be released. Fed's Susan Collins and John Williams are due to speak on the same day.
Source: FXStreet
Gold prices fell on Thursday (September 4), slightly off record highs as investors locked in profits, while attention turned to key US employment data for further insight into the Federal Reserve's po...
Gold held near an all-time high after a seven-day rally, as weak US data spurred more bets on an interest-rate cut by the Federal Reserve this month and mounting concerns over the central bank's ...
Gold prices climbed above $3,570 per ounce on Wednesday, extending its record-breaking rally, lifted by softer US jobs data that reinforced expectations for a Federal Reserve rate cut later this month...
Gold hit a new record high on Wednesday (September 3), consolidating gains above the $3,500 level amid growing expectations of a Federal Reserve rate cut this month and concerns over US tariff policy ...
Gold (XAU/USD) continued its sideways consolidation throughout the first half of the European session on Wednesday and remained near all-time highs. Growing acceptance that the US Federal Reserve (Fed...
The three major averages in the US swing between small gains and losses on Thursday, as traders digest the latest batch of economic data and what it means for the Fed's plans. The US private sector added only 54K jobs in August, reinforcing signs...
Activity at US service providers expanded in August at the fastest pace in six months on the sharpest acceleration in orders in nearly a year. The Institute for Supply Management's index of services rose 1.9 points last month to 52, the...
High-stakes energy diplomacy in Beijing this week signals China's willingness to challenge US President Donald Trump's efforts to isolate Russia and assert US energy dominance. Chinese President Xi Jinping, sitting alongside Russian President...
The US Bureau of Labor Statistics (BLS) will release the Job Openings and Labor Turnover Survey (JOLTS) on Wednesday. This publication will provide...
Global stocks fell and long-dated bond yields in Europe hit multiyear highs on Tuesday as investors grew increasingly worried about the state of...
In his first press conference in a week, President Donald Trump dismissed rumors of his death circulating on social media. In a casual tone, Trump...
Asia-Pacific markets mostly fell Wednesday, tracking losses on Wall Street as investors assessed rising global bond yields and the latest...