Gold (XAU/USD) prices attracted some follow-through sellers at the start of a new week and retreated further from near three-week highs, around the $2,665 region touched on Friday.
Prospects for a slower pace of interest rate cuts by the Federal Reserve (Fed) in 2025 remained supportive of the uptick in the US Treasury bond yields and turned out to be a key factor undermining the non-yielding yellow metal.
Additionally, a positive risk tone exerted additional pressure on the safe-haven commodity and contributed to its offered tone for the second consecutive day.
Meanwhile, the US Dollar (USD) bulls remained subdued below two-year tops touched last Thursday.
Further, persistent geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with concerns about Trump's tariff plans, should limit losses for the safe-haven Gold prices.
This, in turn, warrants some caution before positioning for any further depreciating move ahead of this week's key US macro data releases, including the closely watched Nonfarm Payrolls (NFP) report on Friday.
Source: FXStreet
Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" ...
Gold prices hit another record high, while silver held near its all-time high. This rise was driven by two major factors: the escalating Greenland crisis and turmoil in the Japanese government debt ma...
Gold prices remained near all-time highs on Tuesday, hovering around $4,670 per ounce. Demand for safe haven assets remained strong as US-European trade tensions escalated, prompting investors to refr...
Gold and silver hit new records after US President Donald Trump threatened to impose tariffs on eight European countries that oppose his Greenland plan. This situation immediately pushed investors int...
Gold price rises on Friday, poised to end with weekly gains of nearly 4% as an employment report in the US was mixed, with the economy adding fewer jobs than projected. Still, the Unemployment Rate ti...
Gold prices briefly caused a stir after hitting a new record, but then slowed. The main trigger: US President Donald Trump withheld the threat of tariffs on Europe and claimed there was a "framework" for a future agreement on Greenland. This calmer...
Oil prices were little changed in Asian trading on Thursday after US President Donald Trump backed down from a threat to impose tariffs on European countries over Greenland. This decision helped ease geopolitical tensions and improve market...
The Nikkei 225 Index climbed 1.73% to close at 53,689, while the broader Topix Index rose 0.74% to 3,616 on Thursday, snapping a five-day losing streak as Japanese shares were lifted by a strong rally in chip and artificial intelligence related...