Gold dips amid rising US yields ahead of next week’s FOMC m
Gold declines but holds to weekly gains as mixed US economic data keeps rate cut expectations alive. Market braces for the Federal Reserves decision on December 18, with a 93% likelihood of a 25 bps cut anticipated. Upcoming US economic dat...
Gold eases slightly below fresh monthly highs at $2,720
The Gold rally halts right below a one-month high at $2,720, but downside attempts are limited. Higher Treasury yields are acting as support for the US Dollar and weighing on the recent Gold rally. XAU/USD broader technical picture remains...
Gold price retreats on mixed US data, rate cut speculation
Gold declines over 1% as US PPI rises unexpectedly, countering a weak jobs report and complicating disinflation narrative. Investors anticipate a potential Fed rate cut with high expectations of a 25 bps reduction next week. US Treasury yie...
Gold price rises as US inflation data supports further Fed e
Gold price climbs, remaining above $2,700, ignoring high US yields. US CPI data confirms ongoing disinflation, bolstering expectations for a Federal Reserve rate cut next week. Market anticipates a potential rate cut, with swaps pricing a 9...
Gold steadies near two-week highs on optimism about China
Gold rally maintains its positive momentum intact fuelled by buying from China and safe-haven flows. The US Dollars moderate recovery is weighing on Gold. XAU/USDs technical picture remains positive with price action standing above the last...
Gold price trades with mild positive bias
Gold price ticks higher on Monday amid bets for another Fed rate cut in December. Geopolitical tensions and trade war fears further benefit the safe-haven commodity. Expectations for a less dovish Fed underpin the USD and cap gains for the...