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The dollar continued to be pressured, sending gold prices to a new record high on Tuesday (4/22), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. The dollar fell as investor confidence in the U.S. economy took another hit over President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies. Source: Newsmaker.id
Gold rose to a new record high on Monday (4/21), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. The dollar fell as investor confidence in the U.S. economy was hit again by President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies. Source: Newsmaker.id
Gold (XAU/USD) maintained a strong bid tone throughout the first half of the European session on Monday (4/21) and is currently trading near an all-time high, just below the $3,400 mark. US President Donald Trump's tough international trade policies have raised the possibility of a US recession, which continues to weigh on investor sentiment and benefit the precious metal which is a safe-haven asset. Source: Newsmaker.id
Gold rose close to a record on Monday (4/21) at the start of the Asian trading session. There are still many factors that can support the movement of Gold to rise. One of them is because the weakening US-led trade war supports demand for safe haven assets, with data to be released in the coming days that may highlight early signs of damage to the global economy. On the other hand, the movement of the dollar also affects the movement of Gold, for now the DXY is at the level of $ 98, this is a negative level, during Donald Trump's term by providing a number of terrible policies for the world,...
Gold prices fell at the end of the week on Friday (18/4). because investors booked profits during the long Easter holiday. Significant uncertainty over US President Donald Trump's import tariffs into the US and ongoing geopolitical tensions could support gold prices, which are known as safe haven assets. On the other hand, Federal Reserve (Fed) Chairman Jerome Powell was hawkish, reducing the possibility of a Fed rate cut in June. This, in turn, could lift the Greenback and weigh on USD-denominated commodity prices. Source: Newsmaker.id
U.S. President Donald Trump announced Monday evening on Truth Social that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" following what he referred to as "THE 12 DAY...
Gold moved above $2600 on Monday during the Asian trading session. Currently, Gold is still struggling to capitalize on last week's modest recovery from a one-month low and is fluctuating.
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