Gold drops following surging US CPI, high Treasury yields
Gold falls over 1% as Februarys US CPI report surpasses expectations, boosting Treasury yields. Inflation rises to 3.2% YoY, with core CPI slightly above forecasts, influencing XAU/USDs pullback. The surge in US 10-year Treasury yields and...
Gold holds steady as markets await US CPI data
Gold price hovers around $2,180.60, steadying as traders anticipate Februarys CPI release. Core inflation expectations set to influence the US Dollar and potentially bolster Golds position. Following Powells testimony, Golds near breakthrou...
Gold hits new all-time-high amid central bank policy shifts
Golds rally propels it to an unprecedented $2,164.78, buoyed by expectations of easing policies from ECB and Fed. Despite ECBs hawkish hold, Lagardes openness to June adjustments contrasts with rising US Treasury yields. Powell hints at eas...
Gold Price Forecast: Safe-haven demand to continue in times
Strong central bank buying has helped to offset ETF outflows in the Gold market. Demand is set to continue as central banks increase their allocation towards safe assets, economists at ING say. China leads central bank buying Central bank d...
Gold price pulls back peak, downside potential seems limited
Gold price edges lower and snaps a four-day winning streak to a three-month peak. Bets for a June Fed rate cut keep the USD bulls on the defensive and lend support. Geopolitical tensions could also help limit the downside for the safe-haven...
Gold price recovers as Fed rate-cut hopes for June remain al
Gold price bounces from $2,040 as investors see the Fed reducing interest rates in June. Fed policymakers are reluctant to offer concrete timing for rate cuts. The US Dollar will be guided by the ISM manufacturing PMI. Gold price (XAU/USD)...