Gold price hits a three-day low, retreating post US PCE data
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Feds 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel stri...
Gold reaches new record high, silver at 12-year high – ING
On Thursday, the Gold price rose to a new record high of $2,685 per troy ounce. The data on speculative market positioning showed that speculative net long positions in Gold rose to their highest level since February 2020 in the last report...
Gold price steadies above $2,650 as Fed rate cut odds rise
Gold price steadied at $2,660 after hitting a record high of $2,670. Traders assign a 60% chance for another 50 bps of Fed rate cuts in November. US Treasury yields and a stronger US Dollar limited Golds upside despite bullish momentum. Gol...
Gold hits new high after fall in consumer confidence
Gold rallies to a new record high after US Consumer Confidence data falls well below expectations. The data reinforces bets the Federal Reserve will have to take more drastic easing measures a positive for Gold. XAU/USD is overbought but ra...
Gold: Macro fund positioning reaches a new all-time high –
Macro fund positioning inGoldas a proportion of open interest reached a new all-time high last week, TDS Senior Commodity Strategist Daniel Ghali notes. Risk for higher Gold prices remains We have highlighted that macro fund positioning is...
Gold price marks another record high – Commerzbank
Gold rises to new highs after the Feds 50-basis-point interest rate cut. According to Fed Funds Futures, a further interest rate cut of 50 basis points is to happen in either November or December. As long as markets expect it to happen in D...