Gold News Gold Price: Gold traded above $2,660 per ounce as markets awaited the Federal Reserve’s policy decision. Fed Policy: The Fed is expected to announce a 25bps rate cut, boosting gold’s appeal by lowering the opportunity cost of holding non-yielding assets. Geopolitical Tensions: Israel’s air and ground attacks in Gaza increased demand for gold…
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Gold News Gold continued its decline on Friday, falling below $2,670, extending losses from the previous session as investors evaluated the latest economic data. US factory gate prices in November rose more than expected, sparking concerns that inflation could stay above the Federal Reserve’s target into 2025. Initial jobless claims surged unexpectedly to a two-month…
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Gold News Gold Price Increase: Gold climbed above $2,660 per ounce, marking a second consecutive session of gains. China’s Policy Shift: China’s Politburo announced plans to loosen monetary policy for the first time in 14 years to stimulate the economy, boosting commodities. China’s Gold Reserves: China’s central bank increased its gold reserves for the first…
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Gold News Gold Prices Steady Near $2,650: Gold was treading water early Monday near $2,650 per ounce as broader markets rallied. Interest Rates and Gold Competitiveness: Lower borrowing costs reduce the opportunity cost of holding non-yielding assets like gold, potentially making it more attractive to investors. Market Rally Due to Trump’s Agenda: Stocks hit record…
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Gold News Gold Price: Held steady above $2,640 per ounce on Thursday, trading within a tight range. Fed Chair’s Remarks: Jerome Powell emphasized cautious rate reductions and highlighted the resilience of the US economy. Economic Data: Recent data showed a sharper-than-expected slowdown in the US services sector in November. Rate Cut Expectations: Increased likelihood of…
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Gold News Gold held above $2,640 per ounce on Wednesday as markets assessed political and monetary developments. US job openings exceeded expectations, showing resilience in the labor market. Focus shifts to Friday’s non-farm payrolls report and Fed officials’ speeches for clues on monetary policy. Odds of a 25bps Fed rate cut stand at 73%, supporting…
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Gold News Gold dropped below $2,630 as the US dollar strengthened, ending a four-session rally. Key upcoming US data includes job openings, wage growth, manufacturing, services, and unemployment rates. Fed Chair Jerome Powell and other officials are set to speak this week. Inflation progress has stalled, slowing the Fed’s rate-cut pace. Markets expect a 65%…
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Gold News Gold Pullback: Gold fell below $2,700 per ounce on Monday, experiencing a technical pullback after a sharp decline from $2,720 to $2,658, following last week’s 6% rally driven by safe-haven demand amid escalating Russia-Ukraine tensions. Geopolitical Tensions: Putin signaled potential use of a new missile following Ukraine’s deployment of US and UK-made weapons…
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Gold News Gold Rally: Gold climbed to $2,700 per ounce on Friday, marking its fifth consecutive session of gains and a nearly 5% weekly increase, driven by safe-haven demand amid rising geopolitical risks. Geopolitical Tensions: Ukraine launched its second Western-supplied missile into Russia. Russia retaliated by firing its first intercontinental ballistic missile at Ukraine on…
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Gold News Gold Rally: Gold rose above $2,670 per ounce on Thursday, marking its fourth consecutive session of gains as geopolitical tensions drove safe-haven demand. Geopolitical Factors: Ukraine launched Western-supplied long-range weapons, escalating tensions with Russia. President Putin expanded Russia’s nuclear doctrine, heightening global concerns. The US vetoed a UN resolution for a Gaza ceasefire,…
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