Gold (XAU/USD) prices remained depressed through the first half of the European session on Wednesday, albeit lacked any follow-through selling and so far, has held above the one-week low touched the previous day.
A less dovish Federal Reserve (Fed) outlook remained supportive of the US Treasury bond yields and acted as a headwind for the non-yielding yellow metal. However, the US Dollar (USD) investors seemed reluctant to place any aggressive bets and preferred to wait for the key FOMC decision.
Investors will be closely watching the latest economic projections, including the so-called dot plot, and Fed Chair Jerome Powell's remarks at the post-meeting press conference for clues on the future path of interest rate cuts.
This, in turn, will influence the USD and provide some meaningful impetus to Gold prices. Ahead of the key central bank risk event, the cautious market sentiment, along with persistent geopolitical risks and trade war fears, should help limit the downside for the safe-haven XAU/USD.
Source: FXStreet
Gold prices hit an all-time high on Monday (October 6), soaring above $3,900 an ounce, as investors flocked to safe-haven assets amid the US government shutdown, broader economic shutdown, and the pro...
Gold prices hit a new record early this week, hitting $3,920 per ounce on Monday, October 6, 2025, before a slight correction. This surge fueled investor concerns over the ongoing US government shutdo...
Gold prices held steady on Friday (October 3), poised for a seventh consecutive weekly gain, driven by expectations of further US interest rate cuts and concerns over the economic impact of a prolonge...
Gold edges higher in early Asian trade, aided by risks that the U.S. government shutdown may weaken the economy, potentially prompting more Fed rate cuts that would bolster the appeal of the non-inter...
Gold (XAU/USD) trades with a negative bias on Thursday, trimming recent gains after posting a fresh all-time high near $3,895 on Wednesday. At the time of writing, XAU/USD trades around $3,820 during ...
Brent oil prices are currently trading around $65 per barrel, driven by expectations that global energy demand will increase as economic prospects improve in several key countries. Investors also view OPEC+'s decision to hold production increases...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the release of hostages, despite contentious issues such as the disarmament of Palestinian militant groups...
Oil prices rose more than 1% on Monday after OPEC+ only raised November production by 137,000 bpd, a smaller increase than would have affected the market. At 08:08 GMT, Brent rose 1.2% to $65.33 per barrel, while WTI rose 1.3% to $61.64. These...
The business activity in the US service sector stagnated in September, with the Institute for Supply Management's (ISM) Services Purchasing Managers...
European stocks closed mostly higher to extend the positive momentum this week on strength in healthcare and luxury brands. The Eurozone's STOXX 50...
Wall Street's main indexes opened higher on Friday as optimism about an imminent interest-rate cut by the Federal Reserve boosted sentiment in the...
If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched...