Gold eased below $2,910 per ounce on Wednesday, pausing recent gains as rising US Treasury yields pressured prices.
Still, the metal remained relatively near its record highs, supported by safe-haven demand amid implementation of US tariffs.
Trump's 25% levies on Mexican and Canadian imports took effect Tuesday, alongside a hike in Chinese duties to 20%, escalating trade tensions and prompting retaliation.
However, US Commerce Secretary Howard Lutnick suggested possible tariff relief for Canada and Mexico.
Further boosting gold's safety appeal, the US paused military aid to Ukraine amid reports of potential sanctions relief for Russia. Meanwhile, markets await the ISM Services PMI and US jobs report for insights into Federal Reserve policy, as recent data signaled economic strain, fueling the case for further rate cuts.
Source: Trading Economics
Gold (XAU/USD) trims a part of its intraday gains, though it sticks to positive bias through the first half of the European session on Friday and remains close to the record high touched earlier this ...
Gold prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concerns over a weakening U.S. labour market eclipsed inflation worries ahead of a widely expected Federal Res...
The Gold price (XAU/USD) edges lower to around $3,630 during the early Asian session on Friday. The precious metal retreats from a record high on some profit-taking. Nonetheless, the rising bets of th...
Gold price trimmed some of its earlier losses on Thursday, yet it remains negative in the day, down over 0.14% as the latest print of consumer inflation was aligned with estimates. Nevertheless, jobs ...
Gold trimmed losses after US inflation and labor market data strengthened bets that the Federal Reserve will cut interest rates next week. Consumer prices excluding food and energy rose 3.1% last mont...
The University of Michigan consumer sentiment for the US dropped to 55.4 in September 2025, down from 58 in August and well below market expectations of 58, according to preliminary estimates. This marked the second consecutive monthly decrease,...
Wall Street indexes opened subdued on Friday after notching record highs in the previous session, though they remained on track to log gains in a week of economic reports that solidified expectations for interest rate cuts. The Dow Jones...
Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare contradiction of the U.S. president from one of Washington's closest European allies. Poland, backed by...
The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...
The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday...
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...
Annual inflation in the United States (US), as measured by changes in the Consumer Price Index (CPI), rose to 2.9% in August from 2.7% in July, the...