Gold prices fell slightly on Tuesday but remained near their all-time highs. Investors' need for safe havens amidst economic uncertainty has kept gold in demand. This uncertainty stems from the ongoing US government shutdown, despite hopes it will end soon.
Meanwhile, market attention is also focused on the meeting between high-ranking US and Chinese officials in Malaysia, which serves as a prelude to talks between President Trump and President Xi Jinping. Amidst this, investors are awaiting the US inflation report, which was delayed due to the shutdown, as well as the central bank's interest rate decision, which could influence future market direction.
The price of gold at the time of this analysis was released was $4,343
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
Silver prices are stable around $52 per ounce. Buying interest has resurfaced after a correction, supported by expectations of interest rate cuts and lower yields. A subdued dollar is supporting senti...
Silver fell to around $51.7 per ounce on Monday (October 20th), extending its decline from the previous session after hitting a record high last week. This decline was triggered by investor profit-tak...
Gold prices fluctuated between gains and losses at the start of this week after experiencing a sharp decline last Friday. When Asian markets opened Monday morning, bullion prices were not far from the...
Gold rose to around $4,340/oz on Friday, approaching the record set earlier in the week and poised to close the week with a sharp gain—the strongest in a nine-week rally. Flights to safety remain stro...
Silver traded at $53,806/oz in Asia, remaining near its latest record. Safe-haven flows remained strong due to US-China tensions and macroeconomic uncertainty, while bets on a Fed rate cut held down y...
Gold extends its Asian session retracement slide from the vicinity of the all-time peak and touches a fresh daily low, around the $4,331-4,330 region in the last hour. The US Dollar attracts buyers for the third straight day, and turns out to be a...
Silver dropped more than 5% below $50 per ounce on Tuesday, retreating further from record highs reached last week, as investors locked in profits following a sharp rally driven by macroeconomic and physical market factors. Safe-haven metals also...
The British pound fell to around $1.34, its lowest in a week, after data showed the UK government borrowed £7.2 billion more than forecast in the first half of the fiscal year, underscoring the tough fiscal challenge facing Chancellor Rachel Reeves...
U.S. Treasury Secretary Scott Bessent said on Friday he expects to meet next week with Chinese Vice Premier He Lifeng in Malaysia to try to...
The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday.
"I think the...
Asia-Pacific stock markets opened higher on Monday (October 20th), as investors awaited the release of key economic data from China. Analysts expect...
The Federal Reserve will go into a policy meeting next week with its view of the economy obscured by a U.S. government shutdown that has suspended...