Gold edges higher in the early Asian session on possible dip-buying after likely profit-taking. "People are still expecting to see continued central bank buying," says Fawad Razaqzada, market analyst for Global Macro at FOREX.com, in an email.
However, "I would actually be on the lookout for a bit of profit-taking to take prices back down" to near $4,000/oz in coming days and weeks," Razaqzada says. Spot gold is 0.2% higher at $4,179.37/oz.
Source: Dow Jones Newswires
Gold prices fell 1% on Thursday (November 13), retreating from a three-week high earlier in the session amid a broad market selloff following the US government reopening. Spot gold fell 1.1% to $4,15...
Gold prices rose to a more than three-week high on Thursday (November 13), supported by expectations that the release of economic data following the reopening of the US government could strengthen the...
Gold prices rose on Thursday, hitting a more than three-week high, on expectations that the U.S. government reopening would increase debt levels, while delayed economic data could bolster the case for...
Gold was steady after rising almost 2% in the previous session, as traders weighed an uncertain US economic outlook that's been compounded by an absence of reliable data. Bullion was trading just bel...
Gold prices rose 2% on Wednesday (November 12) as US Treasury yields weakened ahead of the House vote on reopening the government, a move that could revive economic data releases and strengthen expect...
Nikkei Turun 1,7% Akibat Tekanan Logam dan Saham Terkait Chip Japanese stocks are lower in early trade after U.S. technology shares fell sharply overnight. Metals and chip-related stocks are leading the declines. JX Advanced Metals is down 4.6%,...
Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks. The S&P 500 closed 1.7% lower while the Nasdaq 100 declined 2.1% Thursday. Attention...
Oil prices are heading for a third week of decline due to concerns about a global supply glut. The IEA has again raised its surplus projection and even predicted a record oversupply next year, as OPEC+ continues to increase production while demand...
Global financial market optimism has increased after the latest data indicated a strong chance that the Federal Reserve (The Fed) will cut interest...
Fed increasingly fractured over Dec rate cut
Federal Reserve officials are growing increasingly fractured over whether to cut interest rates in...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could...
The S&P 500 rose 0.3% and the Dow Jones Industrial Average jumped 630 points to a new record high, while the Nasdaq Composite Index fell 0.3% as...