Market News

Gold Price Struggles Below $2,700 Despite Intraday Recovery Gold price (XAU/USD) has regained some upward momentum following Thursday’s profit-taking from a five-week high of $2,726. However, the recovery lacks strong follow-through buying as persistent market dynamics and upcoming events keep the yellow metal under pressure. Geopolitical Tensions and Fed Expectations Boost Haven Demand Ongoing geopolitical

Australian Dollar Steadies as US Dollar Slips; US PPI Data in Focus The Australian Dollar (AUD) stabilized on Thursday, halting a two-day losing streak against the US Dollar (USD). The AUD found support following the release of mixed domestic employment data. Australia’s seasonally adjusted Employment Change showed an increase of 35,600 jobs in November, surpassing

Gold Price Holds Near $2,670; Short-Term Bullish Momentum Intact Gold (XAU/USD) maintains its positive tone in Tuesday’s Asian session, hovering near a two-week high of $2,670 touched the previous day. However, the metal lacks strong follow-through buying as the US Dollar (USD) remains supported by expectations that US President-elect Donald Trump’s policies could fuel inflation

Japanese Yen Hits New Daily Low Against USD Amid BoJ Rate-Hike Uncertainty The Japanese Yen (JPY) softened to a fresh daily low against the US Dollar (USD) on Monday, erasing earlier gains from an upward revision in Japan’s Q3 GDP growth. The USD/JPY pair climbed back above the 150.00 level as doubts surrounding the Bank

Gold Price Struggles to Build Momentum Ahead of US NFP Report Gold price (XAU/USD) has rebounded modestly from a 1.5-week low reached during the Asian session on Friday, trading near the top of its daily range around $2,640. Expectations of a Federal Reserve (Fed) rate cut at the December policy meeting keep the US Dollar