Monday, 21 July 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Breaking News: Gold Hits Record High Above $2,970 After US Data
Thursday, 13 March 2025 22:12 WIB | GOLD |GOLDEMAS

Gold prices surged sharply on Thursday (3/13) and surpassed its previous record high of $2,954 despite high US Treasury yields and a stronger US Dollar. At the time of writing, XAU/USD surpassed $2,960, and hit an all-time high of $2,971 per troy ounce.

Earlier, the US Bureau of Labor Statistics (BLS) revealed that prices paid by producers maintained the "status quo." PPI in February increased by 3.2% YoY, below the 3.3% estimate and down from January's 3.7%. Core PPI increased by 3.4% YoY for the same period, below the 3.5% estimate. At the same time, Initial Jobless Claims for the week ending March 8 fell to 220K from 222K, below the 225K estimate.

Gold's latest rally lacked a catalyst to push prices towards $2,971. However, headlines from Russia suggest that a ceasefire between Russia and Ukraine is not as close as hoped, as a top Russian aide said that the US proposal "gives nothing" to Russia. (Newsmaker23)

Source: FXstreet

RELATED NEWS
Gold gains on softer dollar as investors await US trade updates ...
Monday, 21 July 2025 13:39 WIB

Gold prices climbed on Monday, supported by a weaker dollar as investors monitored developments in U.S. trade talks and awaited potential market-moving catalysts, including the Federal Reserve's polic...

Gold steady as investors await US trade updates, central bank meetings ...
Monday, 21 July 2025 11:20 WIB

Gold prices were little changed on Monday as investors monitored developments in U.S. trade talks and awaited potential market-moving catalysts, including the U.S. Federal Reserve's policy meeting sch...

Gold Price Forecast: XAU/USD trades with mild gains near $3,350 on tariff uncertainty ...
Monday, 21 July 2025 07:49 WIB

The Gold price ( XAU/USD) trades with mild gains near $3,350 during the early Asian session on Monday. Uncertainty around trade talks is likely to support Gold's safe-haven demand as a tariff deadline...

Gold price rises past $3,350 on Waller's dovish comments, soft US Dollar...
Saturday, 19 July 2025 01:40 WIB

Gold price advances during the North American session on Friday as the US Dollar weakens, with traders booking profits ahead of the weekend. Additionally, a Fed Governor's comments turned more dovish ...

Gold price buoyed by dovish Fed despite despite a rise in sentiment...
Friday, 18 July 2025 23:33 WIB

Gold (XAU/USD) is trading higher on Friday as investors remain focused on Fed expectations US economic data. At the time of writing, XAU/USD recovers above $3,350, pushing the price closer toward the ...

LATEST NEWS
Silver Soars Again, Guys...

Silver prices surged again after Fed Governor Christopher Waller reiterated his support for monetary policy easing in July, citing a weakening labor market and declining inflation risks.As of this writing, silver prices are at $38,461. Source:...

Why is gold strengthening?

Gold prices rose on Monday (July 21st), supported by a weaker dollar as investors monitored developments in US trade talks and awaited potential market-moving catalysts, including the Federal Reserve's policy meeting scheduled for next week.As of...

Hang Seng Index Rises 0.7%; Alibaba Leads Advance

The Hang Seng Index rose for the second day, climbing 0.7%, or 168.48 to 24,994.14 in Hong Kong. The index advanced to the highest closing level in at least a year. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing...

POPULAR NEWS
Waller says he's willing to lead Fed if Trump asks, but no contact so far
Saturday, 19 July 2025 02:16 WIB

Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S....

Fed's rate-cut delay intact as inflation fears override Trump pressure
Friday, 18 July 2025 23:28 WIB

The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data...

S&P 500, Nasdaq Pull Back from New Highs
Friday, 18 July 2025 23:38 WIB

The S&P 500 briefly touched an all-time high before hovering flat in the afternoon session, while the Nasdaq dipped 0.2% as investors weighed...

Fed's Waller Says Private-Sector Job Worries Drive Rate-Cut Call
Friday, 18 July 2025 19:49 WIB

Federal Reserve Governor Christopher Waller said concerns about private-sector hiring have fueled his call for the central bank to cut interest...