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
Gold prices fell on Thursday as risk appetite grows, US stocks rally to record highs, and President Trump’s battle with Fed Chair Jerome Powell casts doubt over rate cut timing. Gold (XAU/USD) slipped from recent highs and was trading near $3,330 in the US session, despite ongoing weakness in the ... Read More
<a href="https://news.google.com/rss/articles/CBMipAFBVV95cUxPMU5tNEw2WS1aTmdvVUFHMVZCRXEtMFhJX2pTdWJNOWc4dFVKczZrYkEyVTcwam1DU2dyX2tKN0Z6S1BiRGhtVHNLS3Nhc2c4WGUtdm1id3lBNUphMW9rZEt4Q2laMzNVbzVTY1FnNlFKVnRKUVh4cEJ5Rmxpei1TWGtFZjRSQVIxVjhLNk95NExNQkFnSWYxVWVjVEtZdWRXWkUzZw?oc=5" target="_blank">Gold Price Outlook – Gold Continues to See Noisy Chop</a> <font color="#6f6f6f">FXEmpire</font> Source link ... Read More
Gold pared some losses favoured by broad-based US Dollar weakness.Trump's attacks on the Fed's independence are undermining confidence in the US Dollar and boosting demand for Gold.XAU/USD is on a bullish correction towards $3,365, with the broader bearish trend from mid-June highs intact.Gold’s rebound from Tuesday’s lows suggests that there ... Read More
Gold price struggles to lure buyers amid a combination of diverging forces.The USD sinks to a multi-year low on Fed independence fears and rate cut bets.The optimism surrounding the Israel-Iran truce caps the safe-haven commodity.Gold price (XAU/USD) struggles to capitalize on the previous day's modest gains and an Asian session ... Read More
Gold August futures contracts at MCX opened slightly higher by Rs 123 or 0.13% at Rs 97,480/10 grams, supported by a weak dollar index. However, amid the easing geopolitical tensions between Iran and Israel, the prices of yellow metal have fallen by Rs 1,630 this week.At 10:50 am, the prices ... Read More
The political backdrop has added volatility. Recent remarks from former President Donald Trump have raised questions about the tenure of Fed Chair Jerome Powell. Trump’s comments suggested a potential leadership change at the central bank by September, casting doubt on the Fed’s policy independence. Although Powell reiterated a data-driven stance ... Read More
Bank of America has become more positive on gold, setting a significantly higher target price for the next year. Currently, the gold price is around $3,330 per ounce, up over 40% in the last 12 months. Bank of America has predicted that gold prices will reach $4,000 per ounce next ... Read More