Gold fell slightly after breaking its all-time record above $4,000/oz. At the start of Thursday's Asian session, prices fell ±0.7% to around $4,015 after rising 1.4% the previous day. Technical indicators pointed to overbought conditions for nearly a month, triggering profit-taking after a four-day rally.
Some of its safe-haven appeal eased after US President Donald Trump called a Middle East peace deal "very close," with Israeli and Hamas officials signaling positive progress in talks in Egypt. Despite the correction, gold is still up more than 50% year-to-date thanks to global trade uncertainty, debates over the Fed's independence and US fiscal stability, and aggressive central bank buying.
At 7:29 a.m. (Singapore), spot gold was at $4,014.24, while Bloomberg Dollar Spot was virtually unchanged. Platinum and palladium also weakened after earlier rallies, although both markets remained tight and ETF fund flows supported prices. Silver also fell slightly but remained near its multi-decade peak (intraday since 1993).
Source: Newsmaker.id
Gold (XAU/USD) marks another milestone on Wednesday, smashing through the $4,000 level for the first time as investors flock to the precious metal amid global economic and political uncertainty, coupl...
Gold surged above $4,000 an ounce for the first time on Wednesday (October 8th) as investors flocked to the safe haven asset's historic rally to protect themselves from global economic and geopolitica...
Gold reapproached the psychological $4,000/oz level on Wednesday (October 8th), extending the safe-haven rally. Spot prices briefly touched an intraday record around $3.99,000, while the most-active D...
Gold price rallied during the North American session and reached a record high of $3,991, before settling closer to $3,982 for a 0.60% gain. Uncertainty about the US government shutdown and expectatio...
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 fell slightly at the start of the Asian session, catching its breath after breaking a new record high above a key psychological level. Several technical indicators pointed to overbought conditions after consecutive rallies, prompting...
Hong Kong stocks weakened on Thursday, signaling sluggish "golden week" holiday shopping in mainland China. The Hang Seng Index fell 1.1% to 26,521.75 as of 9:55 a.m. local time, while Hang Seng Tech shed 0.6%. On the mainland, markets reopened...
Japanese stocks rose early in the session, with the Nikkei rising 0.7% to 48,069.81, led by technology and electronics stocks. A weaker yen helped ease concerns about the impact of US tariffs on exporters' earnings. Kioxia jumped 8.3%, SoftBank...
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...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability...
Gold rises in the early Asian trade. There's a broad commodities uptrend, driven by macro uncertainty, a weaker dollar, and persistent demand for...