Gold retreats slightly from all-time peak, struggles above $3,500
Gold extended its rally for a sixth straight session on Tuesday, marking a fresh record high during the Asian session as investors continued to price in a Federal Reserve rate cut this month. Softer policy expectations, alongside lingering tariff uncertainty and escalating geopolitical tensions, kept demand strong for the safe-haven metal. That said, XAU/USD faced […]
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. […]
Gold slips as US Dollar strengthens; Powell’s dovish tone may limit losses
Gold (XAU/USD) eased toward $3,350 in early European trading on Monday, weighed down by renewed US Dollar (USD) demand. However, growing expectations of a Federal Reserve (Fed) rate cut in September, following dovish remarks from Chair Jerome Powell at the Jackson Hole symposium, could cushion the downside for the precious metal. Powell acknowledged that while […]
Gold Slips as Hawkish Fed Minutes, Stronger USD and Peace Hopes Weigh on Safe-Haven Demand
Gold (XAU/USD) came under renewed selling pressure during Thursday’s Asian session, struggling to extend its rebound from a three-week low. The yellow metal remains weighed down by a firmer US Dollar after the Federal Reserve’s July 30–31 meeting minutes signaled that officials remain more concerned about inflation than the labor market. The hawkish tone has […]
Gold rebounds from two-week low ahead of Trump–Zelensky talks
Gold (XAU/USD) bounced back from a two-week low near the $3,324 region in early Asian trading on Monday, climbing to fresh daily highs. The recovery was supported by growing conviction that the U.S. Federal Reserve will resume rate cuts in September, weighing on Treasury yields and lending support to the safe-haven metal. Repositioning ahead of […]
Gold Price Trims Losses but Stays Below $3,400 as Safe-Haven Demand Eases
Gold (XAU/USD) is paring back intraday losses on Friday but remains subdued below the $3,400 mark after briefly touching a two-week high earlier in the day. A modest rebound in the US Dollar (USD), along with improving global risk sentiment, has triggered some profit-taking following gold’s recent upward run. Still, several underlying factors continue to […]
Gold Pulls Back from Two-Week High as Risk Sentiment Improves
Gold (XAU/USD) extended its intraday losses during the Asian session on Wednesday, retreating from a near two-week high reached on Tuesday. The decline halts a four-day winning streak as improved risk appetite in equity markets weighs on the safe-haven asset, despite a lack of fresh bearish triggers. Recent weak US economic data continues to support […]
Gold Pulls Back from One-Week High as Dollar Rebounds; Fed September Rate Cut Bets Provide Support
Gold prices (XAU/USD) slipped from the $3,369 mark—a level last seen over a week ago—during Monday’s Asian session, pausing a steady recovery from last week’s one-month low. The retreat comes as the US Dollar regains modest footing at the start of the week, supported by a small rebound in Treasury yields. This limited appetite for […]
Gold Price Rebounds from One-Month Low, Holds Above 100-Day SMA as USD Rally Stalls Post-Fed
Gold (XAU/USD) found renewed buying interest during Thursday’s Asian session, recovering slightly from the sharp decline seen after the Federal Reserve’s hawkish stance pushed it to a one-month low. The yellow metal is supported by a pause in the US Dollar’s (USD) rally, following its rise to a two-month high. The rebound comes as traders […]
Gold Price Trades Sideways Near Multi-Week Low Amid Caution Ahead of FOMC Decision
Gold (XAU/USD) continues its consolidation phase during Tuesday’s Asian session, trading near the three-week low reached on Monday. The precious metal remains rangebound as markets adopt a cautious stance ahead of the two-day Federal Open Market Committee (FOMC) meeting starting later today. Meanwhile, the US Dollar (USD) has paused its recent rally, offering some support […]
Gold Struggles Near Weekly Lows Amid Stronger Dollar and Trade Optimism
Gold (XAU/USD) continues to face selling pressure as Friday’s European session begins, with prices lingering near the previous day’s swing low. The yellow metal is on track for its third consecutive daily loss, weighed down by a strengthening US Dollar and a more optimistic global trade outlook, which is dampening demand for safe-haven assets. The […]
Gold Slides Below $3,380 as Trade Optimism Dampens Safe-Haven Demand; Weaker USD Cushions Decline
Gold (XAU/USD) continues to face selling pressure for a second straight session on Thursday, falling below the $3,380 mark during the Asian trading hours. The pullback is largely attributed to a decline in safe-haven demand as optimism grows around global trade developments. Markets are responding positively to news of a finalized trade agreement between the […]
Gold Hovers Below $3,400 as Trade Tensions and Fed Drama Fuel Uncertainty
Gold (XAU/USD) slipped slightly on Tuesday after posting gains over the past two sessions. Despite the pullback, the precious metal remains supported by heightened geopolitical and monetary concerns, particularly as markets brace for the looming August 1 tariff deadline set by US President Donald Trump. The spotlight remains on the ongoing trade talks between the […]
Gold Price Stuck in Range as Bulls Await Clear Catalyst
Gold (XAU/USD) remains mildly bid for the second straight session on Monday, but the upside momentum lacks strength as prices continue to hover within a well-defined, multi-week range. The precious metal finds support from ongoing global trade uncertainties and a subdued US Dollar, yet investors remain cautious in the absence of a decisive bullish trigger. […]
Gold Price Climbs Steadily, Eyes Record High Amid Trade War Concerns
Gold (XAU/USD) extends its intraday rally, reaching the $2,880 region during the Asian session on Monday. The gains come in response to US President Donald Trump’s plan to impose new 25% tariffs on all steel and aluminum imports, reigniting fears of a global trade war and driving demand for the safe-haven precious metal. Additionally, concerns […]
Gold Price Trims Intraday Losses but Remains Below $2,800 Amid Stronger USD
The gold price (XAU/USD) recovers some of its losses following the strong Asian session sell-off but remains in negative territory, hovering around $2,785, down about 0.60% for the day. The recent rise in the US Dollar (USD), fueled by President Donald Trump’s decision to impose tariffs on Canada, Mexico, and China, has pushed the greenback […]
Gold Price Consolidates Below $2,750 Amid Mixed Market Signals
Gold prices (XAU/USD) continue to trade within a narrow range near the $2,740 level during early European trading on Tuesday. The market remains influenced by conflicting factors, leaving traders hesitant to make strong directional moves. US President Donald Trump’s renewed trade tariff threats have sparked inflationary concerns, driving a modest rebound in US Treasury bond […]
Gold Price Retreats from Multi-Month High Amid USD Recovery
Gold price (XAU/USD) faces selling pressure at the beginning of the week, pulling back from its highest level since late October, near the $2,786 mark touched on Friday. The US Dollar (USD) has staged a modest recovery following its worst weekly performance since November 2023, which has weighed on the precious metal. However, the broader […]