Gold edges higher in the early morning Asian session, supported by prospects of a U.S. recession that could enhance the safe-haven appeal of the precious metal.
In an interview with Fox News on Sunday, President Trump refused to rule out a recession for the U.S. this year. "Traders and investors are reacting to a sharp and sudden deterioration in U.S. economic data," Saxo Bank's Ole S. Hansen says in a research report.
Gold's outlook is still supportive, especially given the limited scope of its latest correction, which signals strong demand despite selling pressure from technically focused traders, the head of commodity strategy says. Spot gold is 0.2% higher at $2,915.98/oz
Source: Bloomberg
The price of Gold started the new week with gains, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes. Recent record high at $3,500 is likely to approach quickly"The precious metal ...
Gold price (XAU/USD) edges lower on Tuesday after two days of gains. However, the price of the safe-haven metal may appreciate due to prevailing uncertainty ahead of US President Donald Trump's August...
Gold prices climbed on Tuesday to their highest level in more than a month, supported by a weaker U.S. dollar and lower Treasury yields, as investors looked for progress in trade talks ahead of an Aug...
Gold prices edged down to around $3,380 on Tuesday but remained close to a five-week high reached in the previous session, amid lingering uncertainty ahead of President Donald Trump's August 1 tariff ...
Gold held near the highest in a month, as risk-off sentiment returned among investors watching the progress of trade negotiations ahead of US President Donald Trump's Aug. 1 tariff deadline. Bul...
Foreign investors are increasingly uneasy about U.S. monetary policy after President Donald Trump's public criticism of Federal Reserve Chair Jerome Powell, according to Yardeni Research. Though Trump recently said it was "highly unlikely" he...
U.S. Treasury Secretary Scott Bessent said on Tuesday that he will meet his Chinese counterpart next week and discuss what is likely to be an extension of an August 12 deadline for higher tariffs. Bessent told Fox Business that trade with China...
The Pound Sterling (GBP) demonstrates stability against its major peers on Tuesday, with investors awaiting preliminary United Kingdom (UK) S&P Global Purchasing Managers' Index (PMI) data for July, scheduled for release on Thursday. Investors...
Asia-Pacific markets traded mixed Monday, as investors keep a close watch on the People's Bank of China's decision on its 1-year and 5-year loan...
European stocks opened the week on a cautious note, with both the STOXX 50 and STOXX 600 hovering near the flatline as investors closely monitor...
A 19% U.S. tariff on Indonesian exports could take effect earlier than the previously expected August 1 deadline, Indonesia's chief economic...
The US has signaled it will not relax its August 1 deadline for higher tariffs against the European Union as the bloc struggles to reach a deal on...