Gold remains stagnant in early Asian trade as investors keep their gaze fixed on a pivotal U.S. inflation report set to release Wednesday. The financial markets await fresh indications of the Federal Reserve’s forthcoming stance on interest rates, according to an email from ANZ Research analysts. Should the U.S. Consumer Price Index only ascend by …
Gold Flat as Investors Await U.S. Inflation Report Read More »
KEY POINTS: Bullion has dipped nearly 4% from its August zenith of $2,475 per ounce as traders adapt to the shifting economic panorama. Gold (XAU/USD) predominantly missed the universal relief rally on Tuesday, following a dismal start to the week for global markets. The precious metal not only faltered on Tuesday but continued its descent, …
XAU/USD: Gold Struggles to Recover Amid Robust Dollar Pressure Read More »
In the early hours of Monday’s Asian trading session, gold prices experienced a modest decline, hovering near their historic peak yet witnessing limited safe-haven demand after an alleged assassination attempt on former U.S. President Donald Trump. The political turbulence in the U.S. bolstered the dollar, as the greenback recouped some of its recent losses on …
Gold Prices Decline as Dollar Strengthens Following Trump Incident Read More »
Asian equities exhibited little movement on Wednesday, absorbing mixed inflation metrics from China and Japan, while attention remained fixed on the potential timing of Federal Reserve interest rate reductions. Regional stocks derived tepid inspiration from Wall Street, where ascensions in technology stocks nudged the S&P 500 and NASDAQ Composite toward new summits. Nonetheless, the velocity …
Asian stocks tread water amid mixed Chinese, Japanese inflationv Read More »
On Monday, gold prices modestly declined but remained in proximity to a peak not seen in over a month, attained during the previous session. This movement followed tepid U.S. economic data, which bolstered anticipations of a Federal Reserve interest rate reduction come September. As of 0235 GMT, spot gold saw a minor descent of 0.2%, …
Gold lingers near one-month high on Fed rate-cut bets Read More »
As the U.S. commemorates Independence Day, stock markets are slated to close on Thursday. Concurrently, minutes from the Federal Reserve’s June assembly reveal that while inflation appears to be easing, the evidence is insufficient to assert a sustained decline. Across the Atlantic, the U.K. braces for a general election, and President Joe Biden reiterates his …
Stock Market Movements Amidst Holiday and Economic Insights Read More »
U.S. labor market exhibiting gradual deceleration U.S. nonfarm payrolls (NFP) report anticipated on Friday Gold could escalate to $2,400 if NFP corroborates economic fissures – analyst On Thursday, gold prices ascended following underwhelming U.S. economic data, which bolstered expectations that the Federal Reserve might reduce interest rates as early as September. Spot gold GOLD increased …
Gold ascends amid tepid data, igniting US rate cut anticipation Read More »
The gold (XAU) market experienced a modest ascent of 0.22% yesterday, maintaining its range within the confines of 2,320–2,340 for the second consecutive day. Implications for Traders The value of gold has exhibited minimal fluctuations in recent days. For XAUUSD to breach the resistance threshold of 2,340, fresh lackluster U.S. data is essential. Such data …
Gold Traders Poised for Incoming U.S. Economic Data Read More »
Gold prices dipped to approximately $2,320 per ounce on Tuesday as market participants eagerly await pivotal economic disclosures this week, which are expected to shed light on the Federal Reserve’s schedule for potential interest rate reductions. Significant attention is directed towards the forthcoming core PCE index figures, the Federal Reserve’s favored gauge of inflation, alongside …
Gold Declines as Market Awaits Crucial U.S. Economic Indicators Read More »
Gold Stabilizes Near $2,330Gold held steady around $2,330 per ounce mark on Wednesday, after declining in the previous session, following softer-than-expected US retail sales data strengthened expectations of imminent Federal Reserve rate cuts. Retail sales in the US rose by 0.1% in May, following a revised 0.2% decline in April, missing the 0.2% forecast and …