Tag Archives: gold prices

Gold prices fluctuated on Tuesday, initially declining on news of a potential ceasefire deal between Israel and Hezbollah. However, the precious metal recovered some losses as U.S. President-elect announced plans to impose tariffs on Mexico and Canada.Ceasefire Hopes Weigh on Gold:A potential 60-day ceasefire deal between Israel and Hezbollah could …

Market Focus Shifts to FOMC Minutes The US Dollar weakened at the start of the week as geopolitical tensions in the Middle East eased and investors anticipated the release of the Federal Open Market Committee (FOMC) minutes. The FOMC minutes, along with a slew of US economic data, including housing …

Gold prices continued their upward trajectory in Asian trade on Thursday, marking a fourth consecutive session of gains as escalating tensions between Russia and Ukraine spurred safe-haven demand. However, the precious metal’s recovery faced headwinds from a robust U.S. dollar and uncertainty surrounding Federal Reserve rate decisions. Spot gold rose …

Gold prices climbed higher on Wednesday, bolstered by increasing safe haven demand as geopolitical tensions between Russia and Ukraine escalated. However, gains in the precious metal were somewhat restrained due to the persistent strength of the U.S. dollar. Spot gold edged up by 0.2% to $2,636.28 an ounce, while December …

Gold prices rallied to a one-week high on Tuesday, trading now at $2630.38, up +0.72%, driven by escalating geopolitical tensions between Russia and Ukraine. The Kremlin’s announcement of a revised nuclear doctrine, which views attacks from non-nuclear states backed by nuclear powers as joint attacks, sparked investor concerns. As a …

Gold prices saw gains in Asian trade on Tuesday, building on a recovery from two-month lows. The yellow metal benefitted from a pullback in the U.S. dollar and escalating geopolitical tensions between Russia and Ukraine, which fueled demand for safe-haven assets. Spot and Futures Prices Climb Spot gold was up …

Gold prices surged on Monday, reversing a recent downward trend as the U.S. dollar weakened and concerns over the Russia-Ukraine conflict intensified. The precious metal, often seen as a safe-haven asset during times of economic and geopolitical uncertainty, benefited from increased investor demand.Geopolitical Tensions Fuel Safe-Haven DemandThe escalation of the …

Gold falls on Friday as Donald Trump’s re-election continues to impact the precious metal. This reverses a short-term bounce following the Federal Reserve’s decision to cut interest rates by 0.25%. Technically, XAU/USD corrects back within a short-term downtrend. Gold (XAU/USD) edges down to trade around the $2,690 mark on Friday, …

Gold, the timeless haven asset, has recently embarked on a remarkable rally, pushing its price to unprecedented heights. This surge can be attributed to a confluence of factors, each contributing to the precious metal’s allure.A Weakening US Dollar and Lower Interest RatesThe US dollar, often inversely correlated with gold prices, …

Gold price surges on Tuesday as Treasury yields rise. Gold prices surged to new heights on Tuesday, driven by a combination of geopolitical tensions and rising U.S. Treasury yields. As investors seek safe-haven assets amid global uncertainty, XAU/USD has continued its upward trajectory, reaching a peak of $2,745.01.The market’s mood …