Gold prices extended its steady uptrend in the Asian session and climbed to fresh intraday tops, around the $2,620 region in the last hour. Against the backdrop of persistent geopolitical risks and fears of a trade war, a modest pullback in the US Treasury bond yields provided some support to the commodity. However, any meaningful appreciating move for XAU/USD seems elusive in the wake of the Federal Reserve's (Fed) shift in its aggressive stance.
In fact, the Fed last week hinted at slowing the pace of interest rate cuts in 2025. This helped the US Dollar (USD) to hold firm near two-year highs and should act as a tailwind for the US Treasury yields, which should cap gains for the non-yielding yellow metal. This, in turn, warrants some caution before positioning for the resumption of a modest recovery move from one-month lows touched last week amid relatively thin trading volumes.
Source: FXStreet
Gold eased on Monday due to slightly firmer U.S. Treasury yields and profit-taking following last week's sharp rally driven by weak U.S. jobs data. Spot gold lost 0.2% to $3,356.91 per ounce, as of 1...
Gold price (XAU/USD) pulls back from the $3,369 region, or over a one-week top touched during the Asian session on Monday, and for now, seems to have stalled last week's goodish recovery move from a o...
Gold prices weakened slightly on Monday (August 4th) as investors took profits after a sharp rise in the previous session on weaker-than-expected US employment data, which raised expectations of a US ...
Gold edged lower early in the Asian session on a technical correction after gold futures closed nearly 1.7% higher last Friday. However, gold's decline may have been limited by rising expectations of ...
Gold price rallies more than 1.50% on Friday following the release of a dismal Nonfarm Payrolls (NFP) report in the United States (US), which showed the jobs market is cooling faster than expected. Al...
Oil prices fell Monday after a group of top producers announced plans to further increase production in September, while concerns over a cooling U.S. economy and trade tariffs also weighed. At 08:15 ET (12:15 GMT), Brent oil futures for...
Gold eased on Monday due to slightly firmer U.S. Treasury yields and profit-taking following last week's sharp rally driven by weak U.S. jobs data. Spot gold lost 0.2% to $3,356.91 per ounce, as of 1051 GMT, after rising more than 2% on...
Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms just days away. Without a deal, Switzerland faces 39% duties on its goods imported into the U.S., after it was hit with one of the...
The European stock markets closed sharply lower in Friday trading as The Stoxx Europe 600 fell 1.8%, Germany's DAX dropped 2.5%, the FTSE 100 was...
US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P...
The ISM Manufacturing PMI fell to 48 in July 2025 from 49 in June, missing expectations of a rise to 49.5. This figure marked the fifth consecutive...
US stocks opened sharply lower in August, with all three major indexes falling more than 1%, as a weaker-than-expected jobs report fueled renewed...