Gold rose 2% to above $3,285 an ounce on Tuesday, boosted by a weaker U.S. dollar and rising geopolitical uncertainty. The dollar extended its decline after the Federal Reserve sounded cautious about the economy and Moody's downgraded the U.S. credit rating to Aa1, citing rising debt burdens.
A weaker dollar makes gold more affordable for international buyers, boosting demand. Investor sentiment was further shaken by ongoing uncertainty over U.S. tariff policy and a key vote on President Trump's massive tax cuts.
Geopolitical tensions also contributed to safe-haven inflows after Trump said Ukraine and Russia would "very soon" begin ceasefire talks, possibly without U.S. participation. New sanctions from the EU and the U.K. against Russia added to the tense global backdrop, adding to bullion's appeal. (alg)
Source: Trading Economics
Gold prices hit another record high on Tuesday (December 7th), driven by strong investment demand amid widespread geopolitical and economic uncertainty, with additional support from expectations of fu...
Gold (XAU/USD) retreats slightly after touching a fresh all-time high earlier this Tuesday, though any meaningful corrective slide seems elusive amid a supportive fundamental backdrop. The US Dollar ...
Gold buyers appear unstoppable at the start of a fresh week, early Monday, despite the renewed US Dollar (USD) upswing and a risk-on rally on global stocks. Gold is finding demand due to increased sa...
Gold prices hit an all-time high on Monday (October 6), surging above $3,900 an ounce, as investors flocked to safe-haven assets amid the US government shutdown, broader economic uncertainty, and the ...
Gold prices hit an all-time high on Monday (October 6), soaring above $3,900 an ounce, as investors flocked to safe-haven assets amid the US government shutdown, broader economic shutdown, and the pro...
The S&P 500 rose slightly on Tuesday as Wall Street looked for more developments out of Washington on the current U.S. government shutdown that is now in its second week. The broad market index climbed 0.1%, while the Nasdaq Composite gained...
The dollar continued its strengthening for a second day, pressuring all G-10 currencies; the Japanese yen slumped for a fourth session to its weakest level since March before paring losses. The Bloomberg Dollar Spot Index rose about 0.6% in two...
Gold prices hit another record high on Tuesday (December 7th), driven by strong investment demand amid widespread geopolitical and economic uncertainty, with additional support from expectations of further US interest rate cuts. Spot gold held at...
Asian stocks surged to new highs, led by Japan's Nikkei 225, which surged more than 4% following the election of pro-stimulus lawmaker Sanae...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability...