Gold price (XAU/USD) struggles to capitalize on its intraday bounce from the $2,600 neighborhood, or over a one-week low and remains depressed for the second successive day heading into the European session on Tuesday. US President-elect Donald Trump's tariff threat drove some haven flows and provided a modest intraday lift to the safe-haven precious metal. That said, expectations for a less dovish Federal Reserve (Fed) caps the upside for the non-yielding yellow metal.
Meanwhile, the growing market conviction that Trump's expansionary policies will reignite inflation and force the Fed to cut interest rates slowly triggers a fresh leg up in the US Treasury bond yields. This helps the US Dollar (USD) to regain positive traction and turns out to be another factor undermining demand for the Gold price. Apart from this, optimism over Scott Bessent's nomination as the US Treasury Secretary and a possible Israel-Hezbollah ceasefire cap the XAU/USD.
Source: FXStreet
Gold eased on Wednesday as risk appetite improved after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline, though a soft dollar and lower Treasury yie...
Gold held a three-day advance, as US President Donald Trump announced a highly-anticipated trade deal with Japan, signaling progress on fraught talks ahead of his Aug. 1 tariff deadline. Bullion...
Gold rose to a five-week high on Tuesday (July 22), boosted by trade uncertainty and weakening U.S. bond yields as investors continued to monitor U.S. President Donald Trump's tariff deadline on Augus...
Gold rose to a five-week high on Tuesday (July 22nd), driven by trade uncertainty and weakening US bond yields as investors continued to monitor US President Donald Trump's tariff deadline on August 1...
Gold climbed to a five-week high on Tuesday, drawing strength from trade uncertainty and weaker U.S. bond yields as investors continue to eye U.S. President Donald Trump's August 1 tariff deadline. S...
Indonesia has agreed to eliminate tariffs on more than 99% of U.S. goods and scrap all non-tariff barriers facing American firms, while the U.S. will drop threatened tariffs on Indonesian products to 19% from 32%, the two countries said on...
The Pound Sterling (GBP) gains against its peers, except antipodeans, on Wednesday. The British currency attracts bids even as United Kingdom (UK) fiscal risks have resurfaced, following the government borrowings report from the Office for National...
USD/CHF holds ground after registering losses in the previous three successive sessions, trading around 0.7920 during the European hours on Wednesday. The pair holds ground as the US Dollar (USD) remains steady amid improving market sentiment,...
Asia-Pacific markets traded mixed Monday, as investors keep a close watch on the People's Bank of China's decision on its 1-year and 5-year loan...
A 19% U.S. tariff on Indonesian exports could take effect earlier than the previously expected August 1 deadline, Indonesia's chief economic...
European stocks posted slight declines on Monday (July 21st) as markets continued to assess the trade outlook in the European Union. The Eurozone...
European stocks opened the week on a cautious note, with both the STOXX 50 and STOXX 600 hovering near the flatline as investors closely monitor...