Gold price inches higher amid falling US Treasury yields
Gold price edges up, trading near the 50-day SMA, as US Treasury yields decline and the US Dollar softens. Market focus on upcoming PCE and GDP reports could determine Golds breakout from current tight trading range. Earlier economic indica...
Gold price pulls back from over two-week top amid a modest U
Gold price edges lower and erodes a part of Fridays gains to over a two-week high. Hawkish Fed expectations revive the USD demand and exert pressure on the metal. Geopolitical risks could lend support to the XAU/USD and help limit further l...
Official Gold purchases to remain strong – ANZ
Central bank Gold purchases (or official Gold buying) have been the most influential development in the Gold market in the last few years. Why are central banks buying Gold and will this continue? Strategists at ANZ Bank analyze central ban...
Oil flat with plenty moving parts on Middle East
WTI Oil tests the double top which could mean more upside. Oil traders are sending crude higher with EIA reporting OPEC production cuts are being respected. The US Dollar Index is stronger ahead of US CPI numbers. Oil prices are jumping hig...
Gold price tumbles as Fed rate-cut hopes recede
Gold price plunges for the second straight session as investors see Fed rate cut after spring. Robust demand for workers has tampered Fed rate-cut bets. The outlook for the US dollar and bond yields has improved significantly. Gold price (X...
Gold price oscillates ahead of US Q4 GDP data
Gold price range-trades ahead of the first estimate for US Q4 GDP data. The US Dollar Index consolidates as investors look for fresh guidance on interest rates. US economic resilience continues to strengthen the appeal for restrictive inter...