Gold price (XAU/USD) holds firm during the North American session as market participants await the outcome of the meeting between US President Donald Trump and his counterpart, Russian President Vladimir Putin. Traders shrugged off in-line US Retail Sales figures, which failed to propel the US Dollar. The XAU/USD trades at $3,340, up 0.17%.
The golden metal seems trapped within the $3,330-$3,350 range since late on Thursday and throughout Friday's session. Expectations of a positive result of the Trump-Putin summit in Alaska are not as high as expected. However, the White House expressed that something's going to come off and that the war needs to stop before talking about business.
The US Dollar failed to gain traction after a solid Retail Sales report in July, which also witnessed the upward revision of June's print. Further data showed that Consumer Sentiment has deteriorated as inflation expectations have risen, while Industrial Production in the US declined in July.
Bullion prices extended their gains as the US Dollar Index (DXY), which tracks the buck's performance against six currencies, tumbled 0.37% at 97.83. Nonetheless, XAU/USD has failed to clear $3,350, capped by high US Treasury yields.
Next week, the US economic docket will feature Flash PMI readings, the release of the minutes of the latest meeting of the Federal Open Market Committee (FOMC), and Federal Reserve (Fed) Chair Jerome Powell's speech at Jackson Hole.
Source: Fxstreet
Gold clawed back some losses after plunging below $4,000 an ounce on Monday as progress in US-China trade talks sapped demand for haven assets. Bullion edged higher on Tuesday after tumbling 3.2...
Gold falls below $4,000 as US–China trade thaw eases safe-haven demandGold price slides below $4,000 for the first time since mid-October, hitting a daily low of $3,971 as risk appetite improved due t...
Gold prices fell on Monday, as a stronger dollar and signs of easing U.S.-China trade tensions weighed on the safe-haven metal, while investors awaited major central bank meetings due later this week ...
Gold falls in early Asian trade as U.S.-China trade deal optimism overcomes signs of cooler U.S. inflation. Treasury Secretary Bessent hailed trade talks between the U.S. and China in Malaysia as "con...
Gold prices pared losses on Friday (October 24) after slightly lower-than-expected US inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but the preciou...
Silver remained weak on Tuesday, October 28, 2025, after falling to the $46-$48 per ounce range. Selling pressure arose because the global market was risk-on: sentiment regarding the US-China trade deal has caused investors to seek less safe-haven...
The Australian dollar (AUD) rose to around $0.656 on Tuesday, its highest level in nearly three weeks. This increase was primarily due to the weakening US dollar (greenback). US market participants await the Fed's decision on Wednesday, and many...
Hong Kong's Hang Seng Index opened up 75 points, or 0.28 percent, to 26,508 on Tuesday, marking its fourth consecutive day of gains. This increase was driven by the relatively stable financial sector ahead of the major issuers' earnings season....
European stocks continued to strengthen on Monday, October 27, 2025, as markets grew more confident after the US and China announced they had a...
Top U.S. and Chinese negotiators said they reached a consensus on key disputes, paving the way for Presidents Donald Trump and Xi Jinping to meet...
Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the...
That the US and China were nearing a trade deal triggered a cross-asset rally, lifting stocks, oil and copper along with China-exposed...