Gold News Asian stocks dipped, while the dollar remained stable as investors awaited the Federal Reserve’s meeting minutes for clues on potential rate cuts. Gold retreated from its all-time high, and crude oil fell due to concerns over prolonged high U.S. interest rates. Cryptocurrencies like ether and bitcoin reached six-week highs, fueled by rumors of…
Read more
Gold News Gold Price Surge: Gold reached a new high of $2,440 an ounce due to expectations of a Federal Reserve rate cut and increased demand for safe assets amid geopolitical risks. Geopolitical Tensions: The death of Iranian President Ebrahim Raisi in a helicopter crash has led to political uncertainty in the Middle East. Concurrently,…
Read more
Gold News Gold prices (XAUUSD) remained strong, trading near $2,385 after a slight decrease from the previous day’s high of $2,397 per ounce. The Dow Jones Industrial Average failed to maintain its position above 40,000 for the first time, with all three major US stock indexes closing lower. A shift in investor sentiment led to…
Read more
Gold News Gold prices remained steady as investors awaited U.S. inflation data for clues on future Federal Reserve interest rate cuts. Spot gold held at $2,359.99 per ounce, trading within a $6 range after a 1% gain on Tuesday; U.S. gold futures rose 0.2% to $2,365.50. U.S. consumer price index data, expected to show a…
Read more
Gold News Gold futures are stable at $2,344.2 per troy ounce. The U.S. dollar is currently preferred in the markets, affecting gold prices inversely. U.S. Producer Price Index (PPI) and Consumer Price Index (CPI) data releases are anticipated. Ricardo Evangelista, a senior analyst at ActivTrades, notes that higher inflation reduced the likelihood of interest rate…
Read more
Gold News Gold Prices : Spot gold fell by 0.5% to $2,348.45 per ounce, and U.S. gold futures dropped 0.9% to $2,354. Recent Highs : Prices reached the highest level since April 22 on the previous Friday. Upcoming Reports : The U.S. producer price index (PPI) and consumer price index (CPI) reports are due for…
Read more
Gold News Gold Price Increase : Gold reached its highest price since the April crash due to expectations of Federal Reserve interest-rate cuts. June Gold Futures : They rose 1.4% to $2,373.6 per troy ounce, with a peak at $2,377.2, the highest since April 22. April Peak and Drop : Gold hit an all-time high…
Read more
Gold News Gold Prices : Spot gold was stable at $2,310.47 per ounce, with U.S. gold futures slightly down by 0.2% to $2,317.30. U.S. Economic Data : Investors are awaiting weekly jobless claims, consumer sentiment readings, and consumer price index data for cues on potential Federal Reserve interest rate cuts. Market Expectations : There’s a…
Read more
Gold News Gold futures saw a slight decrease of 0.2% to $2,320.1 per troy ounce. This movement was supported by China’s consistent gold purchases. The Chinese central bank continued to grow its gold reserves in April, adding 1.9 metric tons, now totaling 2,264.3 tons. The first quarter of the year marked the strongest gold demand…
Read more
Gold News Gold prices remained steady due to safe-haven demand amid uncertainty surrounding the Gaza ceasefire and expectations of U.S. Federal Reserve interest rate cuts. Spot gold held at $2,320.69 per ounce, rising over 1% in the previous session. U.S. gold futures were flat at $2,328.40. Analyst Matt Simpson noted that gold has been building…
Read more
