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
Demand for safe haven gold has been hit by signs that the White House may be making progress in negotiations with some trading partners. Funds held in gold-backed exchange-traded funds have posted outflows for five straight weeks since peaking at their highest level in more than a year in mid-April, according to Bloomberg calculations. Investors are now weighing the prospect of improved trade relations between the U.S. and the EU. Source: Newsmaker.id
Gold (XAU/USD) prices fell on Monday (5/26) while the US market was closed due to the Memorial Day national holiday. A small correction occurred after United States (US) President Donald Trump issued a statement on Truth Social that he would extend the deadline until July 9 for the European Union (EU) to face 50% tariffs. Source: Newsmaker.id
Gold prices maintained modest intraday losses through the early European session, although there was no follow-through selling and remained close to a two-week high hit on Friday. The renewed optimism fueled by US President Donald Trump's decision to delay the imposition of tariffs on the European Union (EU) prompted profit-taking around the safe-haven commodity, especially after last week's strong rally of nearly 5%. Source: Newsmaker.id
Gold price (XAU/USD) kicks off the new week on a weaker note and erodes a part of Friday's strong gains to over a two-week high, though the downtick lacks bearish conviction. US President Donald Trump's decision to delay the implementation of tariffs on the European Union (EU) adds to the recent optimism and undermines demand for the safe-haven precious metal. However, a combination of factors holds back traders from placing aggressive bearish bets around the commodity. Investors remain on edge in the wake of worries over the worsening US fiscal health and persistent geopolitical risks...
The US Dollar (DXY) is down about 0.40% today and is trading near 98.70. With the US Dollar Index (DXY) down about 0.40% today and is trading near 98.70.Despite the US Dollar continuing to weaken, Silver prices could again experience selling pressure as market players consider the possibility of a trade deal between the US and Japan in mid-June. Source: Newsmaker.id