Trump’s administration is shifting to a broader tariff strategy, moving from plans for individual deals to sending letters to multiple countries Friday, reinforcing the market’s caution. Earlier, Trump announced reciprocal tariffs between 10%-50%, later lowering most to 10% until July 9 to allow negotiations, increasing traders’ focus on potential trade ... Read More
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It's been a noisy Thursday in gold, which makes sense considering that we have had non-farm payroll numbers come out and they came out hotter than anticipated.Now, having said that, the initial reaction of course was absolute bedlam. You can see a 15 minute candle that lost $40, but we ... Read More
“The jobs number was strong, but the cooling in wage inflation gives the Fed some flexibility,” said a senior macro strategist at a New York-based investment bank. The unemployment rate ticked down to 4.1%, adding to the view that while the labour market is resilient, inflationary pressure may be easing. ... Read More
Gold continues to build bullish momentum, reclaiming key Fair Value Gaps as price eyes a breakout above $3,370.Institutional forecasts from HSBC, J.P. Morgan, and Morgan Stanley project gold reaching up to $4,000 amid fiscal uncertainty and global risk.Geopolitical tensions and tariff deadlines are keeping markets in risk-off mode, reinforcing gold’s ... Read More
Gold prices rose in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 9,179.10 Indian Rupees (INR) per gram, up compared with the INR 9,139.19 it cost on Thursday. The price for Gold increased to INR 107,063.80 per tola from INR 106,597.70 per tola ... Read More
Gold price attempts a tepid bounce amid US holiday-thinned market conditions and cautious mood.US Dollar fades post-NFP recovery rally as US fiscal and tariff concerns dampen sentiment.Gold price faces rejection at 23.6% Fibo resistance, will the 50-day SMA support hold? The daily RSI flirts with the midline.Gold price has stalled ... Read More
Mumbai: India's central bank hasn't added to its gold stash in FY26 yet, likely tying its purchase decision and timing to an expectedly southward trend in the prices of the safe-haven asset that surged more than 80% in five years amid geopolitical and trade uncertainties. The Reserve Bank of India's ... Read More
Bulls Watch for $3,366 Breakout Near-term resistance is clear at today’s high of $3,366. Therefore, a decisive breakout above that level has gold heading towards a prior lower swing high at $3,396. And it has a good chance of busting through there and continuing to a test of resistance around ... Read More
Remember the story that I outlined in my gold price forecast for July 2025? We saw more of the same yesterday, but on a micro-scale.In the previous days/weeks, miners moved higher first, then gold, and finally silver.The same thing happened in the previous hours/days. Miners moved higher first (in June’s ... Read More
XAU/USD Current price: $3,334.90The June US Nonfarm Payroll report came in much better than anticipated.Market participants welcomed the announcement of a trade deal between the US and Vietnam.XAU/USD bounced from a key Fibonacci support at around $3,325.Spot Gold fell on Thursday and traded as low as $3,311.61, later recovering towards ... Read More