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...
Silver prices moved steadily in the $29 area this evening. The white metal was broadly under pressure as the US Dollar (USD) outlook remained strong on expectations that a moderate policy easing cycle by the Federal Reserve (Fed) in 2025 would keep US Treasury yields high. Source: Newsmaker.id
Gold (XAU/USD) prices recovered recent losses from the previous session, despite lower trading volumes on Monday (12/30) than usual ahead of the New Year holiday. Safe-haven Gold gained support as markets anticipated signals about the United States (US) economy under the incoming Trump administration and the Federal Reserve (Fed) interest rate outlook for 2025. Safe-haven demand for the yellow metal could increase as potential tariffs and trade policies by the incoming Trump administration, which could trigger trade conflicts, boost risk-off sentiment. Source: Newsmaker.id
Silver prices edged higher in Asia as traders anticipated signals on the US economy under President-elect Donald Trump. Silver recovered from earlier losses amid low trading volumes ahead of the New Year holiday. Potential tariffs and trade policies from Donald Trump could trigger a trade conflict, boosting risk-off sentiment and supporting demand for safe-haven assets such as Silver. However, the prospect of fewer Fed rate cuts in 2025 may limit the upside in non-yielding Silver.
Gold moved steadily in the $2620s area amid small trading volumes due to the holidays that have begun in several world markets. Gold itself opened with slight gains after previously closing with a decline. Gold is heading for one of its biggest annual gains this century, with a 27% increase driven by US monetary easing, ongoing geopolitical risks, and a wave of central bank purchases.
Gold prices started the Asian session with a slight increase after previously closing lower on Friday. The increase occurred as the market anticipated signals from the US economy and the Fed's interest rate outlook for 2025 after the PCE data came in below expectations. Israel's attack on Yemen is also one of the factors driving gold at this time. Gold, a non-yielding asset, gained traction as the below-forecast US PCE inflation data raised expectations for a limited Fed interest rate cut next year, hinting at the possibility of more cuts.