Gold prices (XAU/USD) attracted some sellers near $2,600 during the early Asian session on Tuesday (12/31). Traders await fresh catalysts, including the outlook for US interest rates and potential tariffs under President-elect Donald Trump. The market is likely to be quiet before the end of the year.
Meanwhile, the US Federal Reserve's (Fed) cautious stance could weigh on the yellow metal as higher interest rates tend to reduce the appeal of holding non-yielding assets. Fed Chair Jerome Powell hinted earlier this month that the US central bank may be cautious about further interest rate cuts after delivering a 25 basis point (bps) rate cut.
Gold prices started trading in the Asian session this morning at $2607/ Toz.
Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and ...
Gold reached an all-time high, continuing its extraordinary rally fueled by geopolitical tensions and a weakening US dollar. Spot gold prices rose 1.2% to above $4,530 per ounce, influenced by tension...
Gold reached an all-time high, continuing its extraordinary rally fueled by geopolitical tensions and a weakening US dollar. Spot gold prices rose 1.2% to above $4,530 per ounce, influenced by tension...
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As I conclude 2025 from Beijing, I don't claim to have the ability to predict the future. Predictions often fall short when judged by accuracy....