At 13:31 GMT, XAU/USD is trading $3358.24, down $12.14 or -0.36%. Federal Reserve Pushback on Rate Cuts Weighs on Gold The latest FOMC statement reinforced the Fed’s cautious stance, maintaining rates in the 4.25%–4.50% range. However, it also reduced the number of anticipated rate cuts this year, citing a challenging ... Read More
Gold Technical Analysis Gold dropped a bit during the trading session on Friday in the early hours as we continue to see a lot of back and forth. But quite frankly, I think it’s very difficult to get short of gold, mainly due to the fact that there are so ... Read More
Gold extends its reversal as a brighter market sentiment is undermining demand for safe assets.Hopes of a negotiated outcome in the Middle East war are feeding a mild appetite for risk on Friday.XAU/USD is under a growing bearish momentum after breaking below the wedge pattern.Gold (XAU/USD) is trading lower on ... Read More
Gold prices fell on Friday as investors took refuge in the greenback amid growing tensions between Israel and Iran. Moreover, a status quo on the US interest rate has helped the dollar index (DXY) strengthen, reducing some appeal in the yellow metal. The domestic gold prices fell sharply taking cues ... Read More
<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxPSkhYOVVJX01CLTRScldUMXFhRkEwSzZxQVZ2WjdpOFNHXzV6T1NuSTItSG5WaVRVT1I2ZnpZWWVjalNrbk9HUW55WEY2anpmdktZamNuYl85YkJ6WDZNVC15bXI0SW1CaFZyZ09Jb18wVHh3bkw2QkdnajRyVC1MdXZleGJiSGVESk9aSzE3WVROYXJxeE5hV1dYa2RFaHVydDRLdXF3LXhYWjA?oc=5" target="_blank">Gold Forecast Subdued Post-Fed, Downside Limited by Geopolitics</a> <font color="#6f6f6f">Forex Crunch</font> Source link ... Read More
This “higher-for-longer” stance dampens demand for non-yielding assets, such as gold. “The Fed remains committed to keeping policy tight until inflation is sustainably at 2%,” the FOMC noted. This shift in tone pushed real yields higher and pressured precious metals across the board. Silver Tracks Gold Lower, Finds Support Near ... Read More
Gold price comes under renewed selling pressure despite a combination of supporting factors.The Fed's hawkish stance acts as a tailwind for the USD and weighs on the XAU/USD pair.Trade uncertainties and rising geopolitical risks could support the safe-haven precious metal.Gold price (XAU/USD) is seen consolidating its intraday losses to over ... Read More
Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 9,341.84 Indian Rupees (INR) per gram, down compared with the INR 9,388.94 it cost on Thursday. The price for Gold decreased to INR 108,961.30 per tola from INR 109,510.80 per tola ... Read More
LKP Securities says traders should follow a Sell on Rise approach as long as prices remain below the ₹99,150–₹99,350 resistance zone. (AI image) Gold price prediction today: Gold prices have shown a weak trend in the past few days. Where are gold rates headed in the near-term and what should ... Read More
The (EURUSD) soars high in its last intraday trading, continued expanding its gains in strong and sudden move, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels.
This rise helped to break the previous weakness, after surpassing the resistance of the EMA50, surpassing ... Read More