Gold rose on market expectations that the Fed would cut interest rates again after weak US economic data and core inflation remained above target. This condition pressured the dollar and prompted investors to seek safe assets like gold.
Furthermore, demand from central banks and institutional investors remained strong, while geopolitical uncertainty maintained buying interest. Technically, gold's bullish momentum remains intact despite a slight correction.
At the time of writing, the gold price was at $3,753.
Disclaimer:
This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
Oil prices fell for the fifth straight day, the longest losing streak since early August. Pressure arose from signals that global supply will increase and potentially create a surplus in the fourth qu...
Silver is currently trading around $44 during the Asian session on Tuesday, supported by strong industrial demand from solar panels, electric vehicles, and electronics. Global supply remains limited, ...
Gold (XAU/USD) maintained strong intraday gains, comfortably above the $3,700 level, its record high, poised for further gains.At the time of writing, Gold was at $3,721. Source: Newsmaker.id...
Silver prices surged to around $43.50 per day on Monday, reaching a 14-year high. This increase was driven by expectations that the US Federal Reserve would soon cut interest rates again.At the time o...
Crude oil prices rose on Monday, driven by geopolitical tensions in Europe and the Middle East, although market concerns remained over potential additional supply and the impact of trade tariffs on gl...
Silver hovered just below $44 per ounce on Tuesday, staying close to 14-year highs as traders weighed the US Federal Reserve's policy outlook. Several Fed officials urged caution on further rate cuts, citing signs of stabilizing inflation, while...
Oil prices fell for the fifth straight day, the longest losing streak since early August. Pressure arose from signals that global supply will increase and potentially create a surplus in the fourth quarter through 2026. Brent is now approaching $66...
Hong Kong shares fell 195 points or 0.7% to 26,160 in early deals on Tuesday, marking a second day of losses as most sectors retreated. Sentiment weakened after PBoC Governor Pan Gongsheng's Monday briefing failed to deliver the easing measures...
Asia-Pacific markets traded higher Monday, tracking Wall Street's gains on Friday stateside, as investors awaited China's key lending rate decision...
India's Trade Minister Piyush Goyal will visit Washington today, September 22, to push forward a long-pending trade deal, following renewed talks...
Reserve Bank of Australia (RBA) Governor Michele Bullock said that economic data since the August meeting has been slightly better than expected....
Both the STOXX 50 and the STOXX 600 were little changed on Monday, as traders began the week cautiously ahead of remarks from several Fed officials...