Tag Archives: gold prices

The recent surge in gold prices, culminating in a record high of $2,685 last week, is now encountering headwinds. A combination of factors, including a rally in Chinese equities and a more optimistic outlook for the Chinese property market, has diverted investor attention away from the precious metal despite its …

Gold prices, having recently reached a new all-time high, are currently facing a period of consolidation as investors await the release of the US Personal Consumption Expenditure (PCE) Price Index. While the market is anticipating a further easing of monetary policy by the Federal Reserve, the upcoming inflation data could …

Gold prices remained steady in Asian trade on Thursday, staying close to their recent record highs, as investors shifted their attention to Federal Reserve Chair Jerome Powell’s upcoming address and significant U.S. economic data releases. Spot gold rose by 0.2% to $2,661.78 an ounce, while December gold futures steadied at …

Amidst a decline in US consumer confidence and a falling US dollar, gold reaches a new all-time high of $2,655, with XAU/USD trading at $2,651. Fed Governor Michelle Bowman suggests reducing interest rates gradually. Middle East geopolitical unrest also increases demand for gold as a safe haven, pushing the price …

The US Dollar, once a stalwart symbol of global economic stability, has found itself in a state of flux following the Federal Reserve’s recent decision to cut interest rates. This strategic move, aimed at stimulating economic growth, has had far-reaching implications for the currency’s value and its role in the …

Expectations of a rate cut by the Federal Reserve in November and declining US Treasury yields propel gold to a new all-time high. S&P Global Flash PMIs show that while the manufacturing sector is resilient, the US economy is not as strong in the manufacturing sector.While retaining policy flexibility and …

  Fed’s Aggressive Rate Cut Signals a New Era Last week, the Federal Reserve made a significant move by cutting its policy rate by a substantial 0.5%. This marked a significant departure from its previous stance of aggressive rate hikes aimed at curbing inflation. The larger-than-expected cut signals a critical …

Market Drivers: US Session, September 20 US Dollar Strengthens Amidst Fed Rate Cut and Economic OptimismThe US Dollar gained momentum following the Federal Reserve’s interest rate cut, reflecting growing market optimism about the US economy. The New York Fed’s Nowcast model projects robust economic growth in the third and fourth …

Gold is +1.48 up during the US session on Friday, trading at USD 2,624.51. Gold prices have recently reached unprecedented heights, sparking renewed interest in the precious metal. While the exact reasons for this surge remain somewhat elusive, several key factors are likely contributing to the bullish sentiment. This analysis …

Following the FOMC, the US Dollar Index (DXY) returned to the 100.50 zone while retaining its gloomy outlook. Harker of the Fed isn’t scheduled to talk until the end of the week. As selling pressure on the US dollar increased, the EUR/USD strengthened its gain from Wednesday and returned to …