Gold Keep Pushing Higher to $3,950 as US Shutdown Drags On
Gold keeps climbing. Early Wednesday in Asia, it broke above $3,950, riding a wave of investors looking for safety as the US government shutdown inches toward a record 36th day. People are nervous—not just about Congress failing to get its act together, but about the overall economic scenario too. It’s a precarious, shaky economic situation, […]
Gold Prices Up Due to Fed Cuts Despite Powell’s Caution
As the U.S. central bank lowered interest rates by 25 basis points, gold surged more than 1.5% on Thursday, reaching 3.75%–4.0%. Even though Chairman Jerome Powell seemed cautious about the message about the path ahead. In the meantime, bullion rose to $3,995 in early Asian trading hours amid softer Treasury yields. The Fed’s rate decision […]
WTI Elevates to Two-Week High Above $60 as US Sanctions Russian Oil Companies
West Texas Intermediate (WTI) oil prices, in particular, have surged to about $60.10 by Thursday morning in Asia, the highest level in nearly fourteen days. This boost followed fresh US penalties against key Russian oil firms, which led many to believe worldwide oil supplies would shrink. Reuters reported that the Trump team sanctioned Lukoil and […]
Gold Steadies as Markets Weigh Trade Uncertainty and Fed’s Next Move
Gold isn’t budging much these days, resting up following last Friday’s decrease from peaks. It still has appeal because it appears to be waiting for the market to move in the direction that global trade tensions, discussions of lower interest rates, and political unrest are likely to take. Gold and other market traders are once […]
Gold Hits Fresh Record High as Safe-Haven Demand Soars
Gold (XAU/USD) continued its unstoppable rally on Tuesday, climbing above the $4,100 mark and setting another all-time high. The metal remains strongly supported by renewed US-China trade tensions, ongoing geopolitical risks, and growing expectations of more Federal Reserve rate cuts—all factors that boost safe-haven demand. The recent US government shutdown and uncertainty around trade tariffs […]
Gold Holds Below $4,000 but Downside Looks Limited
Gold (XAU/USD) is trading under pressure, staying below the key $4,000 level during Friday’s Asian session. The precious metal has faced mild selling for a second straight day, but further losses seem limited as market factors continue to favor safe-haven assets. The US Dollar has eased slightly after reaching a two-month high, giving some relief […]
Gold Pulls Back as Geopolitical Risks Ease
During Thursday’s Asian session, gold (XAU/USD) fell, signalling an end to its recent surge that sent prices to new all-time highs of about $4,060. Following reports of a peace deal between Israel and Hamas, the demand for conventional safe-haven assets declined. Following gold’s robust multi-day rise, investors were encouraged to lock in profits by the […]
Australian Dollar Falls Due to Weak Housing Data and Strong US Dollar
Following weak housing data, the Australian dollar (AUD) continued to decline against the US dollar (USD) on Wednesday, continuing its losses for the second straight session. The AUD/USD pair declined as investor sentiment intensified, with the S&P/ASX 200 index edging down 0.14% to trade below 8,950. It occurred due to declines in technology and gold […]
Gold extends record rally above $3,900 amid Fed rate cut bets and US government shutdown
Gold (XAU/USD) continues its powerful ascent, crossing the $3,900 mark during Monday’s Asian session and hitting a fresh record high. The rally is driven by growing expectations of additional interest rate cuts by the US Federal Reserve (Fed) and rising demand for safe-haven assets as the US government shutdown drags on. Meanwhile, Japan’s political shift […]
Gold steadies near record highs as dovish Fed outlook weighs on USD
Gold (XAU/USD) is trading sideways in the Asian session on Thursday, consolidating just below the all-time peak reached a day earlier. Market reaction to the partial US government shutdown remains limited, as investors expect minimal economic fallout. This has kept risk sentiment supported and discouraged aggressive safe-haven buying, particularly with gold already in heavily overbought […]
Gold Buying Momentum Unstoppable as Geopolitical Risks and Fed Easing Bets Fuel Rally
Gold (XAU/USD) extended its winning streak for a fourth straight session on Tuesday, hitting fresh record highs above $3,870 during Asian trading. The safe-haven metal remains strongly bid as geopolitical tensions intensify and expectations of further US Federal Reserve rate cuts keep investors flocking to bullion. Safe-Haven Demand Drives Gold Higher Mounting geopolitical risks continue […]
Gold Holds Range as Traders Await Fed Guidance; $3,700 Seen as Key Level
Gold (XAU/USD) traded in a narrow range below $3,750 during Thursday’s Asian session, extending its sideways movement but staying above Wednesday’s swing low. The metal remains under pressure from Federal Reserve (Fed) Chair Jerome Powell’s cautious remarks earlier this week, which tempered expectations for aggressive policy easing. Still, geopolitical risks and a weaker outlook for […]
Gold surges to fresh record highs ahead of Powell speech
Gold (XAU/USD) extended its powerful rally on Tuesday, touching new all-time highs during the European session as investors continue to pile into the safe-haven metal. The uptrend, established over the past month, remains firmly supported by expectations of further US Federal Reserve rate cuts and mounting geopolitical risks. The Fed’s dovish stance, signaling two more […]
Gold consolidates near record highs as central bank decisions loom
Gold (XAU/USD) is holding steady near the $3,680 region during Tuesday’s Asian session, consolidating its recent surge to an all-time high. The metal’s pause reflects caution ahead of a busy week of central bank events, with the Federal Reserve’s policy decision and updated economic projections on Wednesday in sharp focus. A widely expected 25-basis-point rate […]
Gold eases as risk appetite improves and USD ticks higher, focus shifts to US CPI
Gold (XAU/USD) faced mild selling pressure in Asian trading on Thursday, retracing part of the prior session’s gains. The retreat was driven by upbeat sentiment across global equities and a modest uptick in the US Dollar (USD), which together limited demand for the safe-haven metal. That said, expectations of a Federal Reserve (Fed) rate cut […]
Gold Surges Past $3,600 on Fed Rate-Cut Bets and Safe-Haven Flows
Gold (XAU/USD) kicked off the week on a powerful bullish note, smashing fresh all-time highs above $3,600 per ounce on Monday. The rally extends last week’s momentum as markets grow increasingly convinced the Federal Reserve (Fed) will deliver a rate cut at its September meeting. A string of weak US labor market figures has strengthened […]
US Nonfarm Payrolls expected to rise by 75K in August amid labor market slowdown concerns
The US Bureau of Labor Statistics (BLS) will release the closely watched Nonfarm Payrolls (NFP) report for August on Friday at 12:30 GMT. The data is set to play a decisive role in shaping expectations for the Federal Reserve’s upcoming interest rate decision later this month. Market expectations Economists project that Nonfarm Payrolls will rise […]
Gold Under Pressure Amid Profit-Taking and Dollar Strength
Gold (XAU/USD) remains on the back foot during early European hours on Wednesday, retreating from a two-week high near $3,395. The pullback comes as traders book profits and the US Dollar stages a modest rebound. That said, downside risks for the precious metal could be cushioned by growing concerns over the US Federal Reserve’s independence. […]