Gold falls after report shows decline in Chinese jewelry buy
Gold weakens after the China Gold Association highlights a drop in the consumption of Gold for jewelry. The rising price of Gold is posited as the main reason behind the reduction in demand. XAU/USD remains within the confines of a mini ran...
Gold remains elevated amid renewed Middle East hostilities
US election uncertainty adds to golds appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with DXY up 0.29% and limiting further upside for the ye...
Gold trades sideways, underpinned by continued safe-haven fl
Gold trades in a $50 range, below the recent $2,758 record high, as it remains underpinnedby haven flows. Relentless bombing by Israel and increased uncertainty over who will win the US presidential election are driving the flows. XAU/USD f...
Gold is breaking record after record – Commerzbank
On the gold market, the rally could at least lose momentum. This is because the quarterly report on gold demand will probably show that, while investment demand is strong, physical demand is weakening due to high demand, Commerzbanks Commod...
Gold rebounds after brief pullback as geopolitical risks ris
Gold recovers, aided by a rise in geopolitical risks after a steep sell-off on the previous day. Speculation that a BRICS Gold-backed currency could become an alternative to the US Dollar also drives flows. XAU/USD continues to look bullish...
Gold price eases from all-time peak, downside potential limi
Gold price ticks lower, though it lacks follow-through and remains close to the record high. Bets for smaller Fed rate cuts, elevated US bond yields and the USD weigh on the XAU/USD. Geopolitical risks, US political uncertainty and easing m...