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Gold price edges lower in Friday’s early Asian session, pressured by profit-taking. Mounting uncertainty about tariffs and recession fears could boost the safe-haven flows, supporting the Gold price. Fed’s Daly is set to speak later on Friday. The Gold price (XAU/USD) holds steady on Friday after retreating from an all-time high of $3,358 as investors…
Here is what you need to know on Wednesday, April 16: Following a meager recovery on Tuesday, the US Dollar (USD) comes under renewed selling pressure on Wednesday as markets assess the latest news on trade wars. March Retail Sales and Industrial Production data will be featured in the US economic calendar. Additionally, the Bank…
The oil market is quiet in early morning trading today, after settling lower for a second consecutive week last week. News that the Trump administration is offering tariff exemptions on certain electronics products initially supported risk assets. Since then, uncertainty returned as President Trump suggested exemptions are only temporary — and that other more specific…
Oil prices rallied along with risk assets yesterday after President Trump paused reciprocal tariffs on most trading partners, at least those that haven’t retaliated yet. This puts tariffs back to the baseline 10%, ING’s commodity analysts Warren Patterson and Ewa Manthey note. Oil rallies on tariff pause, but China hit hard “However, there was no…
Gold price rebounds to around $3,115 in Thursday’s late American session. The heightened economic uncertainty supports the safe-haven demand, supporting the Gold price. Traders await the US March employment data, which is due later on Friday. Gold price (XAU/USD) recovers some lost ground to near $3,115 during the late American session on Thursday after facing…
In its Global Energy Review published yesterday, the IEA identified trends for 2024 that are likely to continue this year, Commerzbank’s commodity analyst Barbara Lambrecht reports. Oil’s share of global energy consumption falls to a historical low “It was primarily the sharp global increase in electricity demand (2024: +4.3% year-on-year) that drove overall energy demand (+2.2%)….
Gold is trading rather steady around $3,020 after Friday’s decline. US President Trump is said to ease off on tariffs by April 2, according to US officials. Gold is still supported in the $3,000 region, though pressure is building for more downside. Gold’s price (XAU/USD) is looking for direction while orbiting around $3,020 at the…
Gold prices remained broadly unchanged in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 8,451.82 Indian Rupees (INR) per gram, broadly stable compared with the INR 8,445.86 it cost on Tuesday. The price for Gold was broadly steady at INR 98,580.41 per tola from INR 98,510.83 per tola…
Gold price drifts higher to around $2,915 in Monday’s early Asian session. Global uncertainty and Trump’s tariff threats support the Gold price. The weaker US February job reports drag the US Dollar lower. Gold price ( XAU/USD) attracts some buyers to around $2,915 during the early Asian session on Monday. Global uncertainty and the threat…