Gold (XAU/USD) prices struggled to capitalize on its modest intraday uptick to the $2,600 range, albeit managed to hold in the positive territory through the early European session on Monday (18/11). Concerns over escalating geopolitical tensions, coupled with a weaker US Dollar (USD), turned out to be key factors that acted as a tailwind for the safe-haven precious metal. However, expectations of a less dovish Federal Reserve (Fed) capped gains for the yellow metal that did not deliver a balanced outcome.
Investors remain hopeful that US President-elect Donald Trump's expansionary policies will boost inflation and limit the scope for further interest rate cuts by the Fed. This remained supportive of the US Treasury bond yields and benefitted USD investors, which in turn, held traders back from placing bullish bets around Gold prices. Hence, it would be prudent to wait for a strong follow-through buying before positioning for any further recovery from the two-month lows touched last week.
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...