Thursday, the price of gold (XAU/USD) is facing downward pressure due to a stronger US Dollar (USD) and higher Treasury yields. Gold is currently trading at around $1,876, with a modest 0.11% gain for the day.
Read More
Asia shares slumped, but US equity futures and Treasuries stabilized as oil prices surged, heightening concerns about inflation. The US benchmark oil price reached $95 a barrel, the highest in over a year, due to falling stockpiles, contributing to worries about persistent inflation. This pushed the 10-year Treasury yield near 4.6%, its highest since 2007.
Read More
Today marks the sixth consecutive day of declining prices in the last seven days, pushing the commodity even lower, below the $1,900 mark. This is the lowest level it has reached since August 22, just as the European session begins.
Read More
The price of gold is uncertain due to the Federal Reserve's recent monetary policy announcement. Investors are unsure about future interest rates. Gold is trading within Thursday's range and is constrained by the strong US economy, hinting at possible rate hikes. It's rebounded to nearly $1,925 amid global economic concerns, as central banks may maintain higher rates.
Read More.png)
In September, the Greenback's fate depends on consumer confidence figures, which could influence the Fed towards a more hawkish stance. Regarding the Euro, early-week attention will focus on Germany's economy. The Pound may be influenced by speeches from Bank of England officials. Chinese private sector PMIs.
Read More
The gold price extended gains, trading near $1,920 per troy ounce in the early European session, supported by a slight US Dollar (USD) correction.
Read More
The YoY CPI exceeded expectations, reaching 3.7% compared to an anticipated 3.6% for August.
Read More
The gold price continues to decline for the second consecutive day, hovering near its monthly low.
Read More
The upcoming US Consumer Price Index (CPI) release carries significant weight as it guides the Federal Reserve's future interest rate decisions, following the expected pause in September.
Read MoreLOADING...