Monday, 08 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold price consolidates near one-week top amid trade jitters, bearish USD
Thursday, 6 March 2025 12:09 WIB | GOLD |GOLD

Gold price (XAU/USD) trades with a positive bias during the Asian session on Thursday and remains close to a one-week high touched on the previous day, though it lacks follow-through buying.

Investors remain concerned about US President Donald Trump's tariff measures, which continue to act as a tailwind for the safe-haven bullion.

Furthermore, the possibility of an earlier-than-expected interest rate cut by the Federal Reserve (Fed) and the bearish sentiment surrounding the US Dollar (USD) turn out to be other factors lending support to the non-yielding yellow metal.

However, a generally positive tone around the equity markets keeps a lid on any further gains for the Gold price.

Traders also seem reluctant and opt to wait for the release of the closely-watched US monthly employment details – popularly known as the Nonfarm Payrolls (NFP) report – on Friday before placing fresh directional bets.

Nevertheless, the fundamental backdrop and the recent price action suggest that the path of least resistance for the XAU/USD pair remains to the upside. Hence, any corrective slide might still be seen as a buying opportunity and remain limited.

Source: FXStreet

RELATED NEWS
Gold Hits Record High Above $3,600/Oz As Traders Weigh Fed Rate Cut Speculation ...
Monday, 8 September 2025 19:43 WIB

Gold's rally extended beyond the $3,600 level for the first time on Monday after weak US employment data reinforced expectations of a Federal Reserve interest rate cut next week. Spot gold rose 0.9% ...

Gold Breaks Through $3,600 as Traders Consider Fed Rate Cut Speculation ...
Monday, 8 September 2025 16:15 WIB

Gold prices rose to a record high on Monday (September 8th), breaking through the key $3,600 level after weak US employment data reinforced expectations of an interest rate cut by the US Federal Reser...

Gold hovers near record high on US rate-cut prospects...
Monday, 8 September 2025 10:51 WIB

Gold held firm near an all-time high on Monday, inching closer to a key $3,600 level, bolstered by mounting expectations of a U.S. Federal Reserve rate cut this month following a weaker-than-expected ...

Gold Rises on Expectations of Fed Rate Cut...
Monday, 8 September 2025 07:12 WIB

Gold edges higher in early Asian trade. An unexpectedly weak U.S. jobs report raised expectations of a Fed rate cut later this month, supporting gold, the ANZ Research team writes in a note. Investor...

Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy...
Saturday, 6 September 2025 00:58 WIB

Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate c...

LATEST NEWS
S&P and Nasdaq Book Gains

US stocks were mostly higher on Monday as traders brace for a busy week of economic data ahead of next week's FOMC decision. The S&P 500 rose 0.2% and the Nasdaq gained 0.6%, while the Dow Jones hovered around the flatline. Inflation data will...

Oil Rises, OPEC+ Signals Caution with Limited Production Hikes

Oil prices rebounded after last week's decline after OPEC+ agreed to raise production at a modest rate, amid doubts about how many members could continue to increase output. The rise marked a reversal of production cuts that were previously set to...

Gold Hits Record High Above $3,600/Oz As Traders Weigh Fed Rate Cut Speculation

Gold's rally extended beyond the $3,600 level for the first time on Monday after weak US employment data reinforced expectations of a Federal Reserve interest rate cut next week. Spot gold rose 0.9% to $3,617.79 per oz at 12:09 GMT after hitting a...

POPULAR NEWS
European Stocks Swing Lower
Saturday, 6 September 2025 00:38 WIB

European stocks closed on Friday, tracking the pullback in US equities after pessimistic labor data from the US sounded alarms over the world's...

US Stocks Fall on Weak Jobs Data
Saturday, 6 September 2025 03:23 WIB

US stocks closed lower on Friday after weaker-than-expected August jobs data raised concerns about a slowing economy, even as expectations for...

Putin says foreign troops in Ukraine would be legitimate targets
Saturday, 6 September 2025 01:10 WIB

Ukrainian President Volodymyr Zelenskiy said on Friday thousands of foreign troops could be deployed to his country under post-war security...

Asia markets mostly higher as investors assess Japan PM resignation, eye China trade data
Monday, 8 September 2025 07:32 WIB

Asia-Pacific markets traded mostly higher Monday as investors assessed the resignation of Japan's prime minister and eyed key economic data in the...