Gold (XAU/USD) prices maintained their negative bias through the first half of the European session on Friday, albeit lacked any follow-through selling and remained near one-month highs touched the previous day.
The US Dollar (USD) regained some positive traction and for now, seems to have snapped three consecutive days of losing streak amid growing acceptance that the Federal Reserve (Fed) will pause its interest rate-cutting cycle later this month. This, along with a generally positive tone around equity markets, turned out to be the key factors undermining the precious metal.
Meanwhile, expectations that softer inflation in the US will allow the Federal Reserve (Fed) to cut interest rates further this year should keep a lid on any further USD appreciation and lend some support to the non-yielding Gold prices.
Furthermore, uncertainty surrounding US President-elect Donald Trump's trade policies and tariff plans should help limit losses for the safe-haven bullion. That said, XAU/USD remains on track to post gains for the third straight day as traders now look forward to the US macro data for a fresh impetus.
Source: FXStreet
Gold (XAU/USD) continued its decline on Tuesday (October 28th) as investors shifted away from safe-haven assets amid a resurgent risk-on sentiment. At the time of writing, XAU/USD was trading around $...
Gold plunged more than 2% to a three-week low on Tuesday (October 28th), as optimism over easing trade tensions boosted risk appetite and dented demand for bullion as a safe-haven asset, while investo...
Gold clawed back some losses after plunging below $4,000 an ounce on Monday as progress in US-China trade talks sapped demand for haven assets. Bullion edged higher on Tuesday after tumbling 3.2...
Gold falls below $4,000 as US–China trade thaw eases safe-haven demandGold price slides below $4,000 for the first time since mid-October, hitting a daily low of $3,971 as risk appetite improved due t...
Gold prices fell on Monday, as a stronger dollar and signs of easing U.S.-China trade tensions weighed on the safe-haven metal, while investors awaited major central bank meetings due later this week ...
AUD/USD firms as traders brace for Australia Q3 inflation data and Fed decision The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday, extending its winning streak for the fifth consecutive session as the Greenback stays...
European stocks closed slightly lower on Tuesday after reaching record peaks on the previous session on mixed earnings results, while markets continued to assess the outlook on global trade and European rates. The STOXX 50 inched down by 5,701 and...
European stocks continued to strengthen on Monday, October 27, 2025, as markets grew more confident after the US and China announced they had a...
Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the...
Top U.S. and Chinese negotiators said they reached a consensus on key disputes, paving the way for Presidents Donald Trump and Xi Jinping to meet...
The European session on Tuesday, October 28, 2025, opened on a more cautious note. After consecutive rallies and a new record on the STOXX 600...