Gold price drifts lower as traders brace for US PCE data
Gold price drops in Fridays early Asian session. The stronger US GDP growth drags Gold price lower, but rising Fed rate cut expectations might help limit its losses. All eyes are on the US PCE inflation data, which is due later on Friday. G...
Gold rises on Nvidia disappointment, revival of China demand
Gold is rising as markets digest disappointing Nvidia earnings, now a macro event given the companys size and importance. A revival of Chinese demand for the precious metal further supports the price. Technically, XAU/USD trends sideways, w...
Gold price gains ground as traders await US GDP data
The Gold price rebounds above $2,500 in Thursdays early Asian session. Rising Fed rate cut expectations and ongoing conflicts in the Middle East underpin the yellow metal. Firmer US Dollar might limit the Golds upside. The Gold price (XAU/U...
Gold price edges higher on Fed’s dovish tilt
Gold rises in risk-on setting, shrugging off robust US data as the US Dollar hits a 12-month low. Powells dovish remarks keep US Treasury yields stable, pressuring the US Dollar and boosting Gold. Focus shifts to upcoming core PCE and job d...
Gold markets are unanimously bullish – TDS
A period of high deficits, slowing growth, sticky inflation, currency devaluation and an imminent cutting cycle has already attracted capital towards Golds warm embrace, TDS Senior Commodity Strategist Daniel Ghali notes. Visible short posi...
Gold pulls back to $2,500 as USD recovers
Gold is correcting back as the US Dollar recovers from year-to-date lows. Mixed US economic data is making the market cautious about whether the Fed will cut by 0.50% in September. The heavy long positioning in Gold is a further headwind fo...