Gold (XAU/USD) prices staged a modest recovery from one-week troughs touched on Monday (16/12), albeit lacked any follow-through buying and currently trades around the $2,655 region. A modest pullback in the US Treasury bond yields kept the US Dollar (USD) investors on the defensive and offered some support to the commodity. Additionally, persistent geopolitical risks and concerns about US President-elect Donald Trump's policies kept the safe-haven precious metal underpinned.
That said, growing acceptance that the Federal Reserve (Fed) will slow the pace of its interest rate-cutting cycle, amid signs that progress in lowering inflation towards its 2% target has stalled, seemed to act as a headwind for the non-yielding Gold prices. Traders also seemed reluctant and preferred to wait on the sidelines ahead of the crucial two-day FOMC monetary policy meeting that begins on Tuesday. Nevertheless, XAU/USD, for now, seems to have halted its decline from over one-month highs touched last week.
Source: FXstreet
Gold price (XAU/USD) trades firmly above $3,400 during the European trading session on Wednesday, the highest level seen in over five weeks. The precious metal strengthens as global trade tensions con...
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 price (XAU/USD) trades firmly above $3,400 during the European trading session on Wednesday, the highest level seen in over five weeks. The precious metal strengthens as global trade tensions continue to persist even as the United States (US)...
Silver prices (XAG/USD) weakened slightly after reaching $39.39, their highest level since September 2011, and are currently trading around $39.20 per troy ounce during the Asian session on Wednesday (July 23). Silver prices were pressured by...
Gold prices weakened on Wednesday (July 23) due to improved risk appetite after US President Donald Trump announced a trade deal with Japan ahead of the upcoming tariff deadline. However, a weaker dollar and lower Treasury yields limited losses for...
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...