Gold traded around $3,410 per ounce on Friday (August 29th), nearing its highest level in more than a month and eyeing a second weekly gain. Support came from a weakening US dollar and demand for safe havens amid uncertainty over the direction of US monetary policy.
Expectations for a 25-bps Fed rate cut in September strengthened after dovish signals from Governor Christopher Waller, opening the door to further cuts toward a neutral policy stance. The market awaited US personal consumption data due today, while a slightly stronger revision to second-quarter GDP growth fueled inflation concerns—putting gold on track for its best monthly performance since April.
DISCLAIMER
Note: This article is for analytical purposes only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
Silver prices are currently declining on Friday (August 29th), as investors show caution ahead of the release of important inflation data from the United States. Pressure on silver also comes from the...
Silver strengthened in the Asian session, supported by a weaker dollar and falling US yields as the market became more confident in the Fed's September rate cut scenario (85–87% probability).This sent...
Gold prices were stable on Thursday (August 28th), as investors eyed US inflation data due to be released next Friday. The precious metal had previously received support from concerns over the indepen...
Silver prices rose on Thursday (August 28th), amid growing speculation that the Federal Reserve will cut interest rates sooner than expected. Dovish statements by several Fed officials fueled expectat...
Gold fell to the $3,380 area on Thursday, retreating slightly from a two-week peak ahead of Friday's PCE release (August 29th, WIB), the Fed's inflation benchmark. Political uncertainty—including the ...
The University of Michigan consumer sentiment for the US dropped to 58.2 in August of 2025 from the five-month high of 61.7 in the previous month, revised down from the preliminary estimate of 58.6 and well under the initial market expectations of...
US stocks pulled back on Friday as the latest economic data continued to reflect stubborn inflationary pressures in the US economy, clouding the Fed's rate outlook. The S&P 500 and the Dow dropped 0.2% from record highs yesterday, while...
Gold held steady early Friday (August 29th), despite a strengthening dollar, as a key US inflation indicator held steady last month, meeting market expectations but failing to dampen hopes for an upcoming interest rate cut. Gold for December...
New York Federal Reserve Bank President John Williams indicated on Wednesday that interest rates could decrease at some point, but emphasized that...
Russia launched a massive drone attack on energy and gas transportation infrastructure in six Ukrainian regions overnight, leaving more than 100,000...
Europe's STOXX 600 recovered slightly on Wednesday after a selloff in the previous session, as investors eyed political risks in France and awaited...
The French prime minister's decision to hold a confidence vote next month carries heavy risks for the economy, bringing back fears of recession,...