Gold prices held above $4,100/oz on Tuesday (November 11) during the Asian session. This was supported by increasing expectations of a Fed interest rate cut following a series of weak US economic data. On Monday, gold briefly touched a two-week high, while inflows into global gold ETFs in October increased again, providing a more solid basis for demand. The dollar also weakened on hopes of a resolution to the US government shutdown, while the US 10Y yield held near 4.12%, a tame level supporting gold. At the time of this analysis, gold prices were around $4,118. Disclaimer:This article is...
Gold prices (XAU/USD) were stable in the $2634 area at the start of the Asian trading session on Tuesday (7/1)This was driven by traders considering the risks to global trade under the new US administration, with President-elect Donald Trump denying reports that he might moderate plans for blanket tariffs. The gold price at the time of this news release was -0.5% or at $2634/Toz. Source: Newsmaker
Silver prices held above $30 an ounce in US mid-day trading on Monday as the white metal also found support from an upbeat economic outlook in China, the world's largest silver consumer. Beijing recently pledged "more proactive" macroeconomic policies and lower interest rates this year to stimulate growth. Additionally, data showed China's services sector expanded at a seven-month high in December, signaling resilient consumption. Source: Newsmaker.id
Gold (XAU/USD) prices fell to around $2610 ahead of the US session on Monday (6/1). Since then, gold prices have started to weaken amidst persistently high US yields. The knee-jerk reaction increased after headlines emerged that President-elect Donald Trump might consider possibly imposing universal tariffs on essential imports. Gold prices at the time of this news release were -0.8% or at $2619/Toz. Source: Newsmaker
Silver prices rose around $30 per ounce on Monday (6/1) as investors cautiously await key US economic data that could influence the Federal Reserve's monetary policy outlook. Among the upcoming reports, the market is mainly focused on the US monthly jobs report due on Friday, which could provide insight into whether silver will recover further. The white metal is also getting support from the positive economic outlook in China, the world's largest silver consumer. Source: Newsmaker.id
Gold (XAU/USD) prices fell again for the second day in a row after experiencing an intraday increase in the $2647-2,648 area on Monday and moved further away from the highest level in almost three weeks reached on Friday last week. Meanwhile, the Federal Reserve's (Fed) hawkish signal that they will slow the pace of interest rate cuts in 2025 continues to support the increase in US Treasury bond yields and turned out to be the main factor driving the outflow of this yellow metal. Gold prices when this news was released were at $2632/ Toz. Source: Newsmaker