Gold rose to around $3,550 per ounce on Friday, near record levels and on track for a weekly gain of over 3%, supported by expectations of lower US interest rates and safe-haven demand. A drop in job openings, higher-than-expected layoffs, and initial jobless claims reaching a two-month high have led markets to largely price in a September rate cut.
Traders are now betting on up to three cuts this year, which would benefit gold, as lower interest rates reduce the opportunity cost of holding non-yielding assets. Investors are now awaiting the US nonfarm payrolls report for a broader view of the labor market conditions.
Meanwhile, geopolitical tensions, economic uncertainty—including President Trump's actions regarding the Fed, which have raised concerns about its independence—and global trade risks are boosting demand for safe-haven assets.
Stephen Miran is set to join the FOMC, and potential candidates for next year's Chair have expressed dovish positions aligned with Trump's outlook.
Source: Trading Economics
Gold extends pullback in early Asian session after front-month Comex gold futures fell for a second straight session overnight. Investors have been unwinding part of last week's speculative surge, Suc...
Gold prices fell on Wednesday (October 22) to a nearly two-week low, following their sharpest one-day decline in five years in the previous session, as investors booked profits ahead of key US inflati...
Gold prices fell on Wednesday to a nearly two-week low, following their sharpest one-day decline in five years in the previous session, as investors booked profits ahead of key US inflation data due l...
Gold resumes corrective downside Gold stalls its recovery momentum and returns to the red below $4,100 in European trading on Wednesday. The rebound in Gold faces headwinds from a renewed buying int...
Gold and silver steadied after their steepest selloff in years, as investors locked in profits on concern the recent surges in the precious metals had left them overvalued. Spot gold t...
Gold prices fell to around $4,080 per ounce on Thursday (October 23rd), marking a third consecutive day of decline after hitting a record high in recent weeks. This decline was triggered by market optimism about a possible trade deal between the US...
The Hang Seng Index opened lower by 63 points, or 0.24%, to 25,718, followed by the H-Share Index, which fell 0.34%, and the Technology Index, which fell 0.67%. This decline was driven by the decline in major technology stocks such as Tencent,...
Silver prices fell sharply after plummeting more than 7% in the last two sessions, following the decline in gold prices. Currently, silver is weakening amid market concerns that the precious metal's rally has accelerated too quickly. Investors are...
U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to...
The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday.
"I think the...
The Fed will meet on October 28-29, 2025. This meeting is crucial because the market still considers the possibility of an interest rate cut, but...
U.S. President Donald Trump said Monday he expects to reach a "fair trade deal" with Chinese President Xi Jinping and downplayed fears of conflict...