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 were steady during the Asian session on Friday (3/1) on the back of a weaker US dollar and safe-haven inflows, with the precious metal heading for a weekly gain as attention turns to proposed policy changes by US President-elect Donald Trump that could affect the economic outlook and interest rates going forward. Russia also launched another drone strike on Kyiv early Wednesday, causing damage in at least two districts. Traders are looking ahead to next week's US jobs data, the ADP employment report, the Fed's December FOMC meeting minutes and the US employment report to gauge...
Prices opened little changed at the start of the Asian session. The white metal had previously experienced a fairly strong increase along with the weakening of US treasury yields, increasing interest in haven assets. Geopolitical risks in the Middle East and Europe also boosted silver. Meanwhile, the US Dollar Outlook and bond yields are expected to remain strong as the Federal Reserve (Fed) is expected to provide fewer interest rate cuts this year as officials are optimistic about the economic path.
Gold opened with gains after closing at its highest level in two weeks yesterday, driven by safe haven buying. The boost also came from geopolitical factors, where on Wednesday yesterday Israel again attacked the Gaza outskirts. Russia also launched another drone attack on Kyiv on Wednesday morning, causing damage in at least two districts. Traders are waiting for next week's US jobs data, the ADP employment report, the Fed's December FOMC meeting minutes, and the US employment report to gauge the outlook for interest rates for 2025.
Silver prices strengthened at the beginning of this year and remained positive for the start of the Asian session trading on Friday (3/1), driven by the cessation of the US bond yield rally after experiencing a surge of more than 10% in the last four weeks. Meanwhile, the US Dollar Index (DXY) is still trading sideways approaching its highest level in more than two years. In addition, the outlook for the US Dollar and bond yields is expected to remain strong because the Federal Reserve (Fed) is expected to provide only a small interest rate cut this year because officials are optimistic...
Gold hit a two-week high on Thursday, boosted by safe-haven buying and a decline in U.S. Treasury yields, as markets positioned for the prospect of looming Federal Reserve interest rates and President-elect Donald Trump's trade tariffs.Bullion thrives in a low-interest environment and acts as a hedge against economic and geopolitical risks.Russia launched a drone strike in Kyiv early Wednesday, causing damage in at least two districts, while the Israeli military struck the outskirts of Gaza City.Until this news was released, Gold was at $ 2,660 Source: Newsmaker.id