Thursday, 11 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold Recovers Part Of Intraday Losses, Eases Slightly Around $2,760 Area
Monday, 27 January 2025 16:47 WIB | GOLD |GOLDEMAS

Gold (XAU/USD) recovered most of its intraday losses and traded with a mild negative bias, around the $2,760 area during the first half of the European session on Monday (1/27). US President Donald Trump's decision to impose tariffs on all imports from Colombia revived trade war fears and triggered a fresh wave of global risk-off trade. Additionally, falling US Treasury bond yields, amid bets that the Federal Reserve (Fed) will cut interest rates twice this year, provided additional support to the non-yielding yellow metal.

That said, a decent recovery in the US Dollar (USD) from over one-month lows touched on Friday might hold traders back from placing fresh bullish bets around Gold prices. That said, the above-mentioned fundamental backdrop seems to be tilted firmly in favor of XAU/USD bulls and suggests that the path of least resistance for the bullion remains to the upside. Hence, a move towards the all-time high, around the $2,790 area, looks like a real possibility. Traders are now eyeing the US economic data for fresh impetus. (AL)

Source: FXstreet

RELATED NEWS
Gold climbs to $3,646 as soft US PPI and geopolitical risks lift safe-haven demand...
Thursday, 11 September 2025 05:00 WIB

Gold price surges on Wednesday, up by over 0.60%, folllowing US inflation data, which increased speculation that the Federal Reserve (Fed) will resume its easing cycle at the upcoming September meetin...

Gold Nears Record High Amid Weakening US Inflation and Geopolitical Tensions...
Wednesday, 10 September 2025 20:20 WIB

Gold surged near a record high of $3,650 an ounce on Wednesday (September 10) after an unexpected decline in US producer prices reinforced expectations that the Federal Reserve will continue cutting i...

Gold Hovers Near Record High Ahead Of US Inflation Data ...
Wednesday, 10 September 2025 16:51 WIB

Gold prices hovered near an all-time high on Wednesday, buoyed by expectations of a U.S. interest rate cut this month, while market participants awaited U.S. inflation data for clues on the Federal Re...

Gold firms on rate-cut bets, US inflation data in focus...
Wednesday, 10 September 2025 12:04 WIB

Gold prices edged higher on Wednesday, holding above the critical $3,600-per-ounce level, buoyed by expectations of a U.S. interest rate cut this month, while key inflation reports due this week were ...

Gold Rises, Driven by Safe-Haven Demand ...
Wednesday, 10 September 2025 07:19 WIB

Gold rises in the early Asian trade. Its recent surge past $3,600/oz reflects investor demand for safe-haven assets due to deepening global economic and geopolitical uncertainty, Sean Hoey, managing d...

LATEST NEWS
PPI Cools, Focus on CPI Data

GBP/USD tested the 1.3550 area again for the fourth consecutive day on Wednesday, but has so far been unable to break higher. The market is likely to remain cautious ahead of the release of US consumer inflation (CPI) data on Thursday, which could...

WTI $64, Brent $67: Trump's Moves in Focus

Global oil prices stabilized after three consecutive days of gains. The market weighed US President Donald Trump's latest comments on Russia and the possibility of punitive measures for the war in Ukraine. Trump's tweet questioning the Polish...

Floods in Indonesia's Bali kill at least nine, officials say

Floods on Indonesia's holiday island of Bali have killed at least nine this week and affected 600 people, blocking off major roads in the capital and disrupting a busy travel destination, officials said on Wednesday. Continuous heavy rains between...

POPULAR NEWS
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week
Tuesday, 9 September 2025 04:05 WIB

The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...

Russian Forces Attack Power Plant In Kyiv Region, Ukraine's Energy Ministry Says
Monday, 8 September 2025 17:12 WIB

Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...

European shares end higher amid all eyes on French no-confidence vote
Tuesday, 9 September 2025 01:52 WIB

European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...