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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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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