Gold News Gold Prices Decline: Gold fell to $2,590 per ounce, its lowest in a month, driven by a stronger US dollar and reduced demand for safe-haven assets. Shift to Risk Assets: Investors are moving toward risk assets, assessing Trump’s election impact on fiscal strategies and monetary policy. Inflation Expectations Rise: Potential tariffs under Trump…
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Gold News Gold prices dropped to around $2,660 per ounce, marking a second consecutive session of declines. The decline is driven by market focus on upcoming U.S. inflation data and Federal Reserve speeches for clues on interest rate decisions. Last week, the Federal Reserve cut interest rates by 25 basis points but signaled caution on…
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Gold News Gold held near $2,700 after the Fed announced a second quarter-point rate cut this year, lowering the federal funds range to 4.50%-4.75%. The Fed cited signs of labor market softening and noted that inflation is nearing its 2% target but remains elevated. Fed Chair Jerome Powell avoided clear guidance on future rate moves,…
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Gold News Gold Stabilization: Gold held above $2,730 after two days of declines as markets await the US presidential election and Federal Reserve policy decision. Election Impact: Speculation around a possible Trump presidency fueling inflation led investors to buy gold as a hedge against long-term inflation. Close Election Race: Opinion polls show a tight race,…
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Gold News Gold Stability: Gold remained above $2,780 per ounce as safe-haven demand persisted amid US election uncertainties and geopolitical risks. US Economic Data: Q3 GDP grew by 2.8%, slightly below expectations, while high consumer spending raised inflation concerns. Monetary Easing Outlook: Anticipation of further Federal Reserve easing is supporting gold, as lower rates make…
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Gold News Gold Decline: Gold fell below $2,730 per ounce on Monday as safe-haven demand eased after Israel’s restrained strikes on Iran, which avoided major sites like oil and nuclear facilities. Market Focus: Investors are closely watching US economic data this week, including PCE inflation, Q3 GDP estimates, and payrolls, for insights into the Federal…
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Gold News Gold Decline: Gold eased below $2,720 per ounce on Friday, after a rise in the previous session. Dollar & Treasury Yields: The strength of the US dollar and Treasury yields outweighed gold’s safe-haven appeal. US Economic Data: Strong US economic data, including a sharp drop in unemployment claims and a rise in the…
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Gold News Gold Rebound: Gold rose above $2,737 per ounce in a technical rebound after a 1% decline in the previous session. Pullback Factors: The previous drop was due to a stronger US dollar and rising Treasury yields, driven by expectations of a cautious Federal Reserve approach to monetary easing. Safe-Haven Demand: Gold’s upside remains…
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Gold News Gold Surge: Gold hit a new all-time high at $2,758.8, before easing slightly to $2,750 due to profit-taking. Futures: U.S. gold futures dropped by 0.2% to $2,753.40. Safe-Haven Demand: Both gold and the U.S. dollar are benefiting from safe-haven flows due to geopolitical tensions in the Middle East and the upcoming U.S. election.…
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Gold News Gold Price Surge: Gold climbed to around $2,730 per ounce, hitting new record highs due to increased demand for safe-haven assets. Middle East Tensions: Heightened tensions between Hezbollah and Israel are contributing to gold’s appeal. US Elections Uncertainty: Concerns over the upcoming US presidential elections are driving demand for safe-haven investments. Monetary Policies:…
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