Gold (XAU/USD) prices pared some of their intraday losses, although they remained pressured below the $3,400 level and above the two-week high reached last Friday. Amid optimistic market sentiment, the moderate strengthening of the US dollar (USD) prompted profit-taking around the commodity after its recent gains over the past week or so. However, a combination of factors helped limit the decline in the precious metal. Source: Newsmaker.id
Gold prices held steady around $3,380 per ounce during the Asian trading session on Tuesday (May 8) amid strong expectations of a Fed interest rate cut in September, fueled by weak US employment data last Friday. Market sentiment was also strengthened by political uncertainty regarding the Fed's independence following the resignation of Governor Adriana Kugler. Gold has risen nearly 30% this year, with projections of breaking $4,000 per ounce in 2026.Gold prices at the time of writing were at $3,380/Toz. DISCLAIMERNote: This article is analytical only and is not a definitive reference....
Gold prices (XAU/USD) have declined from the $3,369 region, a more than one-week high touched during the Asian session on Monday (August 4th), and currently appear to be stagnating after a relatively strong recovery from last week's one-month low. The US dollar (USD) attracted buying interest earlier this week, reversing some of the weakness triggered by Friday's weaker US employment data, along with a modest rebound in US Treasury bond yields. This, in turn, has been a major factor undermining the precious metal. Source: Newsmaker.id
Gold prices fell slightly on Monday (August 4th) as investors took profits following the sharp rally in the previous session, driven by weaker-than-expected US employment data. Nonfarm payrolls data showed an increase of just 73,000 jobs in July, well below expectations, while June's figure was revised down to just 14,000, reinforcing market expectations of a Fed rate cut in September, with the probability now reaching 81% according to CME FedWatch. Amid this dovish sentiment, geopolitical uncertainty has risen again after US President Donald Trump imposed new tariffs on several countries,...
Silver prices fell 0.45% this morning to $36,849 per ounce, hit by weak US NFP data and President Trump's aggressive tariff policies. The jobs data, which fell far short of expectations, raised speculation of an interest rate cut, but also raised concerns about an economic slowdown. Market sentiment remains negative, despite silver's role as a hedge. Uncertainty about trade policy and the global growth outlook is weighing on prices, with market participants now focused on the direction of the Fed's interest rate and further geopolitical risks. At the time of writing, the price was at...
Gold prices held steady at $3,294 per ounce, despite a 1.4% weekly decline. Uncertainty over new US tariffs boosted safe-haven demand, but a strengthening dollar limited gains. The market now awaits Friday's US jobs data. If the data is weak, the likelihood of a Fed rate cut could increase gold's upside. Other metals, such as silver and platinum, also weakened. Gold prices were at $3,294/oz at the time of writing. Source: Newsmaker.id