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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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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Gold News Gold reached around $2,680 per ounce, hitting record highs due to favorable conditions. A dovish outlook from major central banks and lower bond yields increased demand for gold. The Federal Reserve is expected to cut rates twice this year, with a 25-basis-point cut likely in November. The ECB is anticipated to cut rates,…
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Gold News Gold Prices: Gold is holding steady around $2,655 per ounce after a 1% gain in the previous session. Market Focus: Investors are assessing the Federal Reserve’s interest rate outlook after recent inflation data. US Economic Data: Producer prices in the US were steady in September, while jobless claims surged, raising doubts about the…
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Gold News Gold Price Surge: Gold surged to near $2,650 per ounce following a hotter-than-expected CPI report for September. Inflation Data Impact: September’s CPI rose 2.4% annually, beating expectations of 2.3%. Although it was lower than August’s 2.5%, it reignited inflation concerns, boosting demand for safe-haven assets like gold. Market Reaction: Gold prices increased by…
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Gold News Gold Prices: Gold prices remained stable at $2,639.45 per ounce, while US gold futures dipped 0.2% to $2,661.80. Factors Affecting Gold: A stronger dollar and rising bond yields have put pressure on gold, but geopolitical tensions (e.g., Hezbollah’s rocket fire at Haifa) are supporting its safe-haven appeal. Upcoming Data: Investors are awaiting the…
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Gold News Gold Prices: Eased below $2,650/oz, extending a pullback from record highs. US Labor Market: Strong data with 254K nonfarm payrolls in September (vs. 14K expected) and unemployment fell to 4.1%. Impact on Fed Policy: The strong labor data reduced the likelihood of aggressive rate cuts, alleviating concerns about a weakening labor market. Interest…
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