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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Gold News Gold Rally: Gold rose to $2,640 per ounce, marking its third consecutive session of gains due to increased demand for safe-haven assets. Geopolitical Tensions: Renewed tensions between Russia and Ukraine, including Ukraine’s missile strike on a Russian border region and Putin’s expanded nuclear doctrine, boosted gold’s appeal. Recovery: Gold has recovered 38% of…
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Gold News Gold Recovery: Gold rebounded to $2,620 per ounce on Tuesday, marking its highest level in a week after snapping a six-day losing streak. Goldman Sachs Outlook: Analysts at Goldman Sachs advised investors to “go for gold,” projecting prices to reach $3,000 by December 2025 due to factors like increased central bank demand, interest…
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Gold News Gold Price: Gold rose near $2,600/oz on Monday after rebounding from its largest weekly drop since 2021. US Dollar: The rally in the US dollar paused, supporting gold’s recovery. US Economic Data: October retail sales exceeded expectations, highlighting economic resilience. Federal Reserve: Mixed signals from Fed officials created uncertainty about the timing and…
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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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