Tag: Gold price
Gold price rises as US Dollar weakens on expectations of Fed rate cuts –...
Gold prices are on the rise for the second day in a row as a combination of factors is attracting buyers. The US Dollar remains weak due to expectations of a Fed rate cut...
Gold Price Outlook: Building on Steady Intraday Ascent, Eyes US Inflation Data
Gold prices have been on the rise for the past three days, although the bullish momentum seems to be lacking. This increase in price is partly due to the expectations that the Federal Reserve...
Gold Price Consolidates Ahead of US NFP Data – Market Update
Gold prices saw a slight increase of 0.15% on Thursday amidst low trading activity due to the US Independence Day holiday. The XAU/USD pair reached a two-week high of $2,365 the previous day, driven...
Gold Prices Drop Following Dovish Remarks by Powell
Gold prices experienced a decline of 0.28% in response to Federal Reserve Chair Jerome Powell's remarks at a European Central Bank forum. Powell, adopting a slightly dovish stance, emphasized the need for further progress...
Gold Price Soars as US Dollar Weakens Before PCE Data
Gold prices surged as the US dollar weakened before the release of the PCE data. The price of gold rose by more than 1% following economic data that showed a softer US dollar and...
Gold Prices Decline as Strong US Yields Boost US Dollar
Gold prices took a hit on Wednesday as the US Dollar strengthened, driven by the surge in US Treasury yields, ahead of the upcoming release of the Personal Consumption Expenditures (PCE) Price Index report...
Gold Price Drops to One-Week Low as Fed Turns Hawkish, US Data in Focus
Gold price has been on a downward trend for the past two days, hitting a one-week low during the Asian session on Wednesday. This drop can be attributed to comments made by Federal Reserve...
Gold price drops due to firm US yields and strong USD following solid US...
Gold prices took a hit on Friday, dropping more than 1.70% as economic data from the United States led investors to rethink the possibility of fewer interest rate cuts by the Federal Reserve. The...
Gold Price Approaches Key Resistance Level, Reaches One-Week High
Gold Price Reaches One-Week High Amid Fed Rate Cut BetsThe gold price has been on the rise, reaching over a one-week high of around $2,338 as of late. This surge can be attributed to...
Gold Price Increases as Traders Expect Fed Rate Cuts
Gold prices saw minimal movement during the North American session due to low trading volume. This was attributed to the Juneteenth holiday. However, data from the US indicated a slowing economy, which raised expectations...
Gold Price Consolidates Above $2,300: Analysis and Forecast
Gold prices are holding steady above $2,300 as uncertainty looms around the Federal Reserve's rate-cut decisions. The Fed's recent hawkish outlook has led to speculation about only one rate cut in 2024, which has...
Gold price surges as US inflation falters against Fed’s hawkish stance
Gold prices surged above $2,330 as investors placed their bets on the Federal Reserve (Fed) cutting interest rates later in the year. This increase was driven by the latest inflation data from the United...