Gold climbed to $4,140–$4,150 as the market grew more confident that the Fed would cut interest rates this year. ADP data showed that US companies lost an average of >11,250 jobs per week, raising the probability of a 25 bps rate cut to 68% (Dec) and 80% (Jan). The impact: Yields and the USD tended to weaken, so the opportunity cost of holding gold decreased. Holding the rally: If today's Fedspeak (Williams, Waller, et al.) is hawkish, gold could hold; if dovish, the rally could continue. Additionally, the final progress of the US shutdown could reduce safe-haven demand when official...
The dollar continued to be pressured, sending gold prices to a new record high on Tuesday (4/22), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. The dollar fell as investor confidence in the U.S. economy took another hit over President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies. Source: Newsmaker.id
Gold rose to a new record high on Monday (4/21), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion. The dollar fell as investor confidence in the U.S. economy was hit again by President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies. Source: Newsmaker.id
Gold (XAU/USD) maintained a strong bid tone throughout the first half of the European session on Monday (4/21) and is currently trading near an all-time high, just below the $3,400 mark. US President Donald Trump's tough international trade policies have raised the possibility of a US recession, which continues to weigh on investor sentiment and benefit the precious metal which is a safe-haven asset. Source: Newsmaker.id
Gold rose close to a record on Monday (4/21) at the start of the Asian trading session. There are still many factors that can support the movement of Gold to rise. One of them is because the weakening US-led trade war supports demand for safe haven assets, with data to be released in the coming days that may highlight early signs of damage to the global economy. On the other hand, the movement of the dollar also affects the movement of Gold, for now the DXY is at the level of $ 98, this is a negative level, during Donald Trump's term by providing a number of terrible policies for the world,...
Gold prices fell at the end of the week on Friday (18/4). because investors booked profits during the long Easter holiday. Significant uncertainty over US President Donald Trump's import tariffs into the US and ongoing geopolitical tensions could support gold prices, which are known as safe haven assets. On the other hand, Federal Reserve (Fed) Chairman Jerome Powell was hawkish, reducing the possibility of a Fed rate cut in June. This, in turn, could lift the Greenback and weigh on USD-denominated commodity prices. Source: Newsmaker.id