Gold (XAU/USD) is experiencing a mild pullback during the European session after reaching a two-month high of $3,452.72 in the Asian session on Monday.
Geopolitical tensions, especially the conflict between Israel and Iran, have contributed to supporting Gold prices. However, after peaking, XAU/USD pulled back, trading above $3,400 at the time of writing.
The main drivers of Gold prices so far have been their safe-haven appeal, movements in US 10-year Treasury yields, and profit-taking at higher levels.
Tensions between Israel and Iran have escalated over the weekend and are entering the fourth day of fighting with no signs of easing. The international community, including the United Nations (UN), Saudi Arabia, and the US, has called for calm and urged de-escalation.
Source: FXStreet
Gold edges higher in early Asian trade amid signs of U.S. economic weakness which typically enhance the safe-haven allure of the precious metal. The University of Michigan survey's headline index fell...
Expectations that the Federal Reserve (The Fed) will cut interest rates have increased the appeal of gold, as yields on fixed-income assets (such as bonds) have become lower. The US dollar has weaken...
Gold rose on Friday (November 7) as expectations of further interest rate cuts from the Federal Reserve and lingering concerns over the US economic outlook amid the prolonged government shutdown boost...
Gold strengthened in the Asian session as signs of a fragile US economy emerged. US companies reported plans to cut more than 150,000 jobs last month—nearly triple the number in September—according to...
Gold (XAU/USD) edges lower on Thursday, after briefly reclaiming the key $4,000 psychological mark amid a weaker US Dollar (USD). At the time of writing, XAU/USD is trading around $3,985, easing from ...
Gold prices rose to $4,050 per ounce on Monday (November 10), driven by increased demand for safe-haven assets amid political uncertainty in the US. Investors are still awaiting a final agreement to end the government shutdown, which has lasted...
Global stock markets rallied at the start of the week amid growing optimism that the US government shutdown will soon end. S&P 500 futures rose 0.5%, while the Nasdaq 100 gained 0.8%, after Senate Republican leader John Thune said a deal to end...
Japanese stocks are higher thanks to a weaker yen and hopes for domestic earnings growth. Tech and energy stocks are leading gains. NEC is up 2.7% and Inpex is 2.3% higher. Meanwhile, Honda Motor is down 3.8% after it cuts its fiscal-year earnings...
European stocks fell on Friday as investors digested more quarterly earnings, but weekly losses were inevitable, with concerns regarding overheated...
Two weeks before the US Federal Reserve's final meeting, with the federal government's data taps closed, Atlanta Fed staff bolstered their economic...
US stocks rebounded from early losses to close mostly higher on Friday amid hopes that Congress members were making progress toward ending the...
European markets opened higher on Friday (November 7th), recovering some of the previous session's losses amid concerns about an AI bubble. The...