Tag: Precious metals
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%...
Gold Price Forecast: Insights from ABN AMRO Analysts
Gold prices have experienced a significant increase earlier this year, reaching a high of $2,450 in May 2024. However, since then, the momentum has...
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...
Silver Price Forecast: XAG/USD Drops Below $30 Amid Bearish Engulfing Pattern
Silver prices experienced a significant drop, falling 3.86% due to the influence of strong US Treasury bond yields and a robust US Dollar. The...
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...
China Resumes Buying Precious Metals: What It Means for the Market
China has recently resumed buying precious metals, causing a bullish trend in the market. Shanghai Futures Exchange (SHFE) traders are holding large positions in...
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...
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...
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...
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...