Tag Archives: gold prices

Gold’s Resilience:Gold prices stabilized in Asian trading on Wednesday, benefiting from a weaker dollar as investors awaited key U.S. consumer inflation data. Federal Reserve Chair Jerome Powell’s remarks suggesting a pause in U.S. rate hikes contributed to the dollar’s decline, supporting gold’s overnight gains. Anticipation of CPI Data:Market focus shifted …

Ahead of the release of US CPI on Wednesday, market players were analysing sticky US producer prices and Chair Powell’s lukewarm stance, which caused the US dollar to continue its dismal start to the week and retreat to multi-day lows. The USD Index (DXY) continued to fall on Monday, breaking …

Because of its continued appeal as a safe haven to central banks and investors, gold continues to find support in the face of geopolitical risk aversion. Tuesday sees a stabilization of the gold price in the $2,350s, trading at $2,352.14, up +0.69% at the time of writing, as demand for …

Gold prices inched up in Asian trading on Tuesday, recovering from recent losses as market attention remained fixed on the impending release of US inflation data, which could provide further insights into the trajectory of interest rates. Despite showing some strength last week, gold remained below its record levels reached …

In the realm of precious metals, gold emerged as the shining star in Asian trade on Friday, extending its overnight gains amidst a backdrop of significant market shifts. A notable weakening of the U.S. dollar and Treasury yields provided a robust tailwind for the yellow metal, sending its prices soaring. …

On Thursday, the Japanese Nikkei index struggled to maintain its early gains and ultimately closed lower, primarily due to a decline in shares of companies associated with the chip industry. Tokyo Electron shares, in particular, faced selling pressure following disappointing annual revenue estimates from British chip design company Arm Holdings, …

The Japanese Nikkei index struggled to maintain its early gains and ultimately closed lower on Thursday, with chip-related companies bearing the brunt of the decline. This downturn was notably influenced by the subdued annual revenue estimates reported by the British chip design company, Arm Holdings, which fell short of market …

Gold prices remained relatively stable on Thursday as investors redirected their attention towards upcoming US economic data, which could offer insights into the Federal Reserve’s stance on interest rate adjustments. At 0456 GMT, spot gold edged up by 0.2 percent to $2,314.26 per ounce, while US gold futures dipped slightly …

Ahead of the Bank of England’s interest rate decision on Thursday, the GBP/USD pair managed to recover from multi-session lows around 1.2470. Despite this, the pair remained cautious. On May 9, it is generally anticipated that the BoE would maintain its policy rate. BoE’s Bailey and Pill are also scheduled …

On Wednesday, gold prices exhibited a subdued performance as traders weighed the prospective timeline for potential US interest rate cuts and awaited clearer signals on monetary policy. In spot transactions, gold edged up by 0.1 percent to reach $2,317.44 per ounce by 0444 GMT, while US gold futures recorded a …