Gold price holds steady around $2,600; upside potential seem
Gold price attracts some haven flows amid the looming risk of a US government shutdown. The global flight to safety-led pullback in the US bond yields further benefits the XAU/USD. The Feds hawkish stance acts as a tailwind for the USD and...
Gold regains half of the ground lost after the Fed’s decisi
Gold bounces up from oversold levels to pare back post-Fed losses. A strong US Dollar and higher US yields weighing on Golds recovery. XAU/USD remains under pressure, with resistances at $2,625 and $2,6660 likely to cap upside attempts. Gol...
Gold price climbs as Fed eyes fewer rate cuts in 2025
Gold registers gains of over $0.20 following the Feds less dovish approach. Economic data shows US economic growth at 3.1% YoY in Q3. Potential US government shutdown looms, enhancing Golds appeal as a safe-haven asset amidst uncertainty. O...
Gold’s upside attempts remain limited with all eyes on the
Gold finds support at $2,630 but remains capped ahead of the Feds decision. The market is bracing for a Fed hawkish cut that might boost the US Dollar and weigh on Gold. XAU/USD remains under pressure, with upside attempts capped below $2,6...
Gold price dips ahead of key Federal Reserve decision
Gold falls 0.33% as markets anticipate Fed rate cut. Markets have nearly fully priced in a 25-basis-point rate cut; focus shifts to the Feds dot plot for 2025 rate path insights. Investors remain attentive to US data, including GDP data and...
Gold price hits weekly low on US data, Fed decision looms
Gold price refreshes new weekly low following strong US Retail Sales figures that dim expectations for aggressive Fed easing next year. Despite a drop in Treasury yields, a resilient US Dollar limits Golds upward momentum. Investors eye the...