Gold price attracts buyers for the fourth straight day on Friday amid some haven flows. The Fed’s hawkish stance, elevated US bond yields and a bullish USD should cap gains. Traders might also opt to wait for the release of the key US NFP report later this Friday. Gold price (XAU/USD) gains some follow-through positive…
Markets are bracing for a chunky few debt issuance this week in the US. Fed interest rate projections see a cut in January out of the cards at the moment, ahead of the FOMC Minutes later this week. Gold price is moving within a pennant technical formation, respecting both upside and downside. Gold’s price (XAU/USD)…
WTI consolidates after the overnight pullback from a nearly three-month high. Concerns about weak demand from China and rising oil supply cap the upside. Worries about tighter Russian and Iranian supply support to the commodity. West Texas Intermediate (WTI) US Crude Oil prices struggle for a firm intraday direction on Tuesday and oscillate in a…
Markets are facing knee jerk reactions after President-elect Trump pushes back on rumors around universal tariffs. Earlier this Monday headlines emerged that President-elect Donald Trump was possibly mulling to impose a universal tariff for critical imported goods. Gold price remains stuck in a pennant technical formation as pressure builds for a breakout. Gold’s price (XAU/USD)…
Gold price holds steady around $2,640 in Monday’s early Asian session. US Manufacturing PMI improved to 49.3 in December vs. 48.4 prior, stronger than expected. Sustained geopolitical risks and a wave of purchases by central banks could lift the Gold price. The Gold price (XAU/USD) struggles to gain ground near $2,640 during the early Asian trading hours…
United States EIA Natural Gas Storage Change above expectations (-127B) in December 27: Actual (-116B) Source link
Gold price holds positive ground to near $2,625 in Thursday’s early Asian session. Geopolitical risks, central bank buying, and safe-haven flows might boost the Gold price. The expectation of a slower pace of the Fed rate cut might cap the upside for the yellow metal. Gold price (XAU/USD) trades with mild gains to around $2,625…
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $28.96 per troy ounce, down 0.14% from the $29.00 it cost on Monday. Silver prices have increased by 21.71% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 28.96 1 Gram 0.93 The Gold/Silver ratio, which…
Gold price is set to close the year with an impressive 27% gain, marking the strongest annual performance since 2010. The non-yielding metal receives downward pressure from the outlook of fewer Fed rate cuts in 2025. The safe-haven Gold remains backed by the prolonged Russia-Ukraine and Middle East conflicts. Gold price (XAU/USD) holds ground after…
Gold prices rose in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 377.02 Malaysian Ringgits (MYR) per gram, up compared with the MYR 375.84 it cost on Friday. The price for Gold increased to MYR 4,397.47 per tola from MYR 4,383.71 per tola on friday. Unit measure Gold…