Weekly Support at $3,293 The interim higher swing low at $3,293 is also a weekly low and close to the previous week’s low at $3,296. Together, they identify a potential significant weekly support level. Therefore, a sustained drop below $3,293 could see a burst in momentum as the possibility of ... Read More
XAU/USD Current price: $3,312.61Easing concerns about the Middle East crisis undermined demand for Gold.A hawkish US Federal Reserve Chairman adds to the risk-on mood. XAU/USD bounced from sub-$3,300, a near-term bottom not yet confirmed. Spot Gold is depressed, barely holding above the $3,300 threshold. The XAU/USD pair is sharply down ... Read More
Federal Reserve (Fed) Chairman Jerome Powell testifies about the Semi-Annual Monetary Policy Report before the House Financial Services Committee.Powell testimony key takeaways"US not in recession.""Many paths are possible.""Could see inflation come in not as strong as expected.""If that's the case that would suggest cutting sooner.""Also, weakening labor market would suggest ... Read More
And now we’re in a situation where we’ll have to see whether or not the currency markets could give a hand. After all, the US dollar starts falling, it is possible gold gets a bit eventually, but there’s so much going on right now at the same time that it’s ... Read More
Gold price is down over 1% to near $3,320 as the Israel-Iran ceasefire diminishes safe-haven demand.Fed Bowman supports interest rate cut in July amid growing labor market risks.The US Dollar sumps on Israel-Iran ceasefire and Fed Bowman’s dovish commentary.Gold price (XAU/USD) plummets to near $3,320 during the European trading session ... Read More
Gold price extends the previous day’s slide amid the Israel-Iran ceasefire announcement.July Fed rate cut bets weigh heavily on the USD, supporting the non-yielding commodity.The XAU/USD bears seem reluctant to commit ahead of speeches from FOMC members.Gold price (XAU/USD) maintains its heavily offered tone through the first half of the ... Read More
The ceasefire, reportedly brokered through U.S. and Qatari channels, followed missile exchanges in recent days and now appears to be holding. With no further immediate military escalation, investors rotated into risk-on assets, pulling capital away from non-yielding safe havens like gold and silver. Simultaneously, attention has shifted to U.S. monetary ... Read More
Gold price today: Gold encounters resistance near $3,400 in international markets. (AI image) Gold rate today: Following Iran and Israel's official ceasefire declaration by US President Donald Trump, MCX Gold August futures dropped by Rs 3,000, approximately 3%, reaching a low of Rs 96,422/10 grams during early trading, according to ... Read More
After Iran and Israel officially announced a ceasefire, Gold August futures contracts at MCX slipped by Rs 3,000 or nearly 3% to hit their low of Rs 96,422/10 grams in early trade, while the silver July futures contracts also fell by Rs 760 or 0.6% to their day’s low of ... Read More
Gold prices fell in Pakistan on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 30,190.15 Pakistani Rupees (PKR) per gram, down compared with the PKR 30,366.45 it cost on Monday. The price for Gold decreased to PKR 352,132.00 per tola from PKR 354,188.30 per tola ... Read More