Gold falls to major trendline as strong USD weighs
Gold falls to key support from a major trendline for the long-term uptrend at $2,600. A strong US Dollar is reducing the price of Gold, whilst competition from Bitcoin and stocks is also bearish. Expectations for the Federal Reserve slowing...
Gold price remains close to multi-week trough
Gold price drifts lower for the second straight day and is pressured by a combination of factors. The Trump trade optimism continues to underpin the USD and weighs on the precious metal. A positive risk tone also undermines the safe-haven X...
Gold price slips as US Dollar ignores Fed rate cut
Gold declines as Trumps win reduces political risk; focus on potential inflationary policies. US Dollar recovery pressures Bullion despite lower Treasury yields. Powell signals gradual rate adjustments, leaving Feds future path open amid ec...
Gold price slides back below $2,700 mark amid modest USD str
Gold price met with a fresh supply and eroded a part of the overnight recovery gains. The Trump trade optimism revives the USD demand and weighs on the precious metal. Retreating US bond yields and bets for additional Fed rate cuts could he...
Gold steadies after three percent decline on Trump victory
Gold finds a floor on Thursday after experiencing a 3.0% fall on Wednesday following the news of Donald Trumps victory in the presidential race. A stronger US Dollar, capital pivoting into riskier assets, and potential unwinding of geopolit...
Gold is the new bitcoin – TDS
Gold is trading like bitcoin now, but a comprehensive flows-based approach doesnt corroborate the last leg of this rally, TDS Senior Commodity Strategist Daniel Ghali notes. Downside momentum likely to accelerate below $2580 The momentum br...