Gold (XAU/USD) continued its sideways consolidation throughout the first half of the European session on Wednesday and remained near all-time highs. Growing acceptance that the US Federal Reserve (Fed) will cut interest rates this month limited the US Dollar's (USD) recovery and continued to act as a driver for the non-yielding yellow metal. Furthermore, ongoing trade-related uncertainty benefited the precious metal's safe-haven status and helped limit declines.
However, gains remained limited as bullish investors appeared reluctant to place new bets amid highly overbought conditions. Furthermore, traders preferred to await the release of the US Nonfarm Payrolls (NFP) report on Friday for further clues on the Fed's rate cut path. This will influence short-term USD price dynamics and determine the direction of gold's next move. Meanwhile, JOLTS Job Openings may provide some impetus for XAU/USD. (alg)
Source: FXstreet
Gold hit a new record high on Wednesday (September 3), consolidating gains above the $3,500 level amid growing expectations of a Federal Reserve rate cut this month and concerns over US tariff policy ...
Gold's surge in recent days, to a new record high, is mostly likely due to haven demand, according to Commonwealth Bank of Australia analyst Vivek Dhar. "This is likely tied to concerns over the Fed's...
Gold edges lower in the early Asian trade, after hitting a record high on Tuesday. There has been growing unease among investors about U.S. monetary policy, ANZ Research analysts write in a note. The...
Gold prices soar to a new all-time high past the $3,500 figure on Tuesday, rallying more than 2% even though the US Dollar advances and US Treasury yields rise. Risk aversion dominates, despite foreca...
Gold now picks up extra pace and surpasses the $3,510 mark per troy ounce, reaching a record highs, always on the back of investors' rising perception of a couple of rate cut bets by the Federal Reser...
European shares ended higher on Wednesday, stabilising as investors assessed fiscal challenges after a selloff in longer-dated bonds had sparked risk-off sentiment in the previous session. The continent-wide STOXX 600 index closed 0.65% higher at...
The U.S. dollar was broadly steady on Wednesday, after a sell-off in some parts of bond markets globally in the prior session weighed on its currency peers and allowed the greenback to gain back some recently lost ground. Rising concerns over...
Oil prices fell sharply after news that OPEC+ would discuss increasing production, with WTI falling to $64.07 and Brent to $67.71. Concerns about a supply surplus are growing, especially coupled with weak US economic data.Analysts consider this...
Sepanjang pekan terakhir, pasar komoditas mencatat pergerakan yang dinamis, khususnya pada logam mulia dan minyak mentah. Harga perak bertahan...
European bourses opened September in positive territory, with both the STOXX 50 and STOXX 600 rising nearly 0.3% after modest gains in August....
In his first press conference in a week, President Donald Trump dismissed rumors of his death circulating on social media. In a casual tone, Trump...
Global stocks fell and long-dated bond yields in Europe hit multiyear highs on Tuesday as investors grew increasingly worried about the state of...