Gold price falls below $2,700 again – Commerzbank
The Gold price reached its highest level since the US presidential election five weeks ago at $2,725 per troy ounce yesterday, but then fell back below the $2,700 mark, Commerzbanks commodity analyst Carsten Fritsch notes. Gold seems to be...
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...