Saturday, 13 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Gold price retreats further from all-time peak amid broadly stronger US Dollar
Friday, 21 March 2025 13:04 WIB | GOLD |GOLD

Gold price (XAU/USD) attracts fresh sellers during the Asian session on Friday and moves away from the all-time peak touched the previous day, though the downside potential seems limited.

The US Dollar (USD) attracts buyers for the third successive day and is currently placed near the weekly high, which, in turn, is seen as a key factor exerting pressure on the commodity. Adding to this, bulls opt to take some profits off the table heading into the weekend, especially after the recent historic run.

However, bets that the Federal Reserve (Fed) will resume its rate-cutting cycle should cap the USD gains and act as a tailwind for the non-yielding Gold price.

Furthermore, investors remain concerned about US President Donald Trump's aggressive trade policies and their impact on the global economic outlook.

This, along with geopolitical risks stemming from conflicts in the Middle East and the Russia-Ukraine war, should contribute to limiting any further losses for the safe-haven bullion.

Source: Investing.com

RELATED NEWS
Gold rises as weak US sentiment and jobs data fuel rate cut expectations...
Saturday, 13 September 2025 02:29 WIB

Gold prices rise over 0.44% during Friday's North American session as weaker than expected jobs market data increased the chances that the Federal Reserve (Fed) will cut interest rates next week. At t...

Gold Bulls Not Ready To Give Up Yet As Fed Rate Cut Bets Keep USD Depressed ...
Friday, 12 September 2025 16:02 WIB

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 set for fourth weekly gain on soft US data, Fed rate outlook...
Friday, 12 September 2025 13:17 WIB

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...

Gold Price Forecast: XAU/USD edges lower below $3,650 on profit-taking ...
Friday, 12 September 2025 07:42 WIB

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 slips as traders book profits despite increasing Fed dovish bets...
Friday, 12 September 2025 02:00 WIB

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 ...

LATEST NEWS
EUR/USD steadies as Fed rate cut bets firm amidst US labor market concerns

EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair...

Bessent met with BlackRock's Rieder as search for next Fed chair continues

U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has...

Oil gains weighed down by US demand worries

Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S....

POPULAR NEWS
IMF says Fed has scope to lower interest rates
Friday, 12 September 2025 01:38 WIB

The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...

Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%
Wednesday, 10 September 2025 19:39 WIB

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...

Fed seen on course for rate cuts after PPI data
Thursday, 11 September 2025 01:30 WIB

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...

Breaking News: US CPI Inflation Rises to 2.9% in August, Matching Forecasts
Thursday, 11 September 2025 19:44 WIB

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...