Gold trades in tight range as upside looks capped by USD rec
Gold continues unfolding a mini-range above $2,500. The upside is capped by a recovering US Dollar on the back of easing concerns about the US economy. Labor market data out this week could be key, with Nonfarm Payrolls the main release on...
Gold price slumps below $2,500 post-US PCE data
Gold falls below $2,500 following US PCE report, boosting likelihood of September Fed rate cut. Feds cautious policy easing strategy stirs uncertainty; markets favor a 25 bps cut. Traders bets on a 25 bps rate cut rise to 69%; odds for a 50...
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...