Gold aims to hold above $5,400 as Middle East tensions drive safe-haven buying
Gold (XAU/USD) climbed to its highest level since late January during Monday’s early European trading, with buyers now attempting to extend gains beyond the $5,400 zone amid a broad flight to safety. Over the weekend, geopolitical tensions in West Asia escalated sharply, unsettling global markets. Reports of coordinated military action involving the United States and […]
Gold Price Slips to $2,640, Holds Above Friday’s Post-NFP Low and Trading Range Support
Gold Price Slips to $2,640, Holds Above Friday’s Post-NFP Low and Trading Range Support Gold (XAU/USD) faced fresh selling pressure on Monday, dropping to a daily low of around $2,640 as the European session approached. The US Dollar (USD) remains near a seven-week high, bolstered by traders adjusting expectations for a large interest rate cut […]
GBP/USD Defensive Below 1.2750 Amid Stronger USD
GBP/USD Defensive Below 1.2750 Amid Stronger USD During the early Asian trading hours on Monday, the GBP/USD pair recovered some of its lost ground, hovering around 1.2725. However, the upside for GBP/USD might be limited due to lower expectations of US Federal Reserve (Fed) rate cuts this year, following stronger-than-expected US Nonfarm Payrolls (NFP) data. […]