The Federal Reserve’s independence is back under scrutiny after renewed political criticism of Chair Jerome Powell. Reports suggest potential leadership changes could be announced as early as September, raising questions about future rate decisions. Meanwhile, the U.S. dollar continues to hover near its lowest level since March 2022, further supporting ... Read More
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After a surge backed by a weak US dollar, gold August futures contracts at MCX opened significantly lower on Friday as easing geopolitical tensions and a recovery in global equities weighed on the demand for yellow metal. The prices of gold today fell by Rs 1,051 or 1.08% to Rs ... Read More
Gold prices fell in United Arab Emirates on Friday, according to data compiled by FXStreet. The price for Gold stood at 389.26 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 392.98 it cost on Thursday. The price for Gold decreased to AED 4,540.29 per tola from ... Read More
Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 9,056.93 Indian Rupees (INR) per gram, down compared with the INR 9,152.44 it cost on Thursday. The price for Gold decreased to INR 105,638.30 per tola from INR 106,752.20 per tola ... Read More
Gold price prediction: A gap-down movement in the last few sessions, combined with soft momentum indicators, supports a Sell on Rise strategy for today’s trade. (AI image) Gold price prediction today: Gold rate has been dipping for the last few days and the Iran-Israel ceasefire has quietened the sentiment for ... Read More
Gold price consolidates weekly losses below $3,330 early Friday, awaits US PCE inflation for fresh incentives.US Dollar holds rebound from multi-year lows amid US trade deals optimism and renewed hawkish Fed bets.Gold price battles 50-day SMA support, focus on the weekly closing amid bearish daily RSI.Gold price is nursing weekly ... Read More
Gold fails to capitalize on Greenback’s slide to February 2022 levels and falling Treasury yields.Strong US Durable Goods and Jobless Claims data offset recessionary Q1 GDP revision.Trump may announce Powell’s successor by October, adding policy uncertainty to Fed outlook.Gold price retreats on Thursday during the North American session, failing to ... Read More
XAU/USD Current price: $3,332.20US President Trump urged Fed Chair Powell to trim interest rates.The US will release May PCE inflation figures on Friday.XAU/USD holds within familiar levels with a limited downward potential. Spot Gold advanced throughout the first half of Thursday, meeting buyers in the $3,350 region. It quickly returned ... Read More
Daily US Dollar Index (DXY) The U.S. Dollar Index broke below key support at 97.621, slipping to its lowest level since early 2022. Political uncertainty—fueled by reports that President Trump may seek to replace Fed Chair Powell—has dented central bank credibility, accelerating the greenback’s decline. The euro rallied to a ... Read More