Gold prices rallied on Tuesday, driven by concerns over a surge in US debt issuance and the potential impact on interest rates. The market is closely watching a series of large US Treasury bond auctions this week, particularly the 10-year and 30-year bonds. Fears are mounting that the high volume …
Read More »XAU/USD Dips as Yields Rise, Market Awaits Key Economic Data
Gold prices declined on Monday as rising US Treasury yields dampened investor appetite for the non-yielding asset. This move comes as the Federal Reserve signaled a potential shift towards a slower pace of interest rate cuts, prompting investors to closely monitor upcoming economic data for further clues on the central …
Read More »Gold Prices Slip as Dollar Strengthens Amid Hawkish Fed Signals
Gold prices dipped slightly in Asian trading on Monday, as a strengthening U.S. dollar and expectations of a slower pace of Federal Reserve monetary easing continued to weigh on the yellow metal. Hawkish remarks from Fed officials over the weekend added to the pressure on gold, signaling that interest rate …
Read More »Gold Prices Show Modest Gains Amid Dollar Weakness, Fed Rate Outlook in Focus
Gold prices inched higher in Asian trading on Thursday, building on their robust performance in 2024 as a softer U.S. dollar lent support. However, investor caution lingered due to the U.S. Federal Reserve’s indications of fewer interest rate cuts in 2025. Spot gold rose by 0.3% to $2,632.82 per ounce, …
Read More »Gold Prices Steady Amid Thin Year-End Trading, Set for Strong Yearly Gains
Gold prices remained largely unchanged during Asian trading hours on Tuesday, with Spot Gold steady at $2,607.65 per ounce and Gold Futures for February delivery edging 0.2% lower to $2,620.22 per ounce by 00:23 ET (05:23 GMT). Year-end trading typically sees thin volumes, with institutional investors wrapping up positions ahead …
Read More »XAU/USD Slides as US Dollar Rebounds, Fed Signals Fewer Rate Cuts
Gold prices declined sharply on Monday, falling towards $2,600, as the US Dollar strengthened. The US Dollar Index (DXY) rebounded above 108.00, making gold more expensive for holders of other currencies.While lower US Treasury yields typically weigh on gold, the relationship between the two assets was less pronounced on Monday. …
Read More »Gold Price Slumps Amid Existing Elevated Interest Rates
Gold prices continued their downward trajectory today, weighed down by persistently strong US interest rates. This decline brings the market closer to a critical support level – a key trend line – whose breach could signal further weakness. The precious metal is trading at 2,620.95, down -0.45% on the day.Technical …
Read More »XAU/USD Consolidates Above $2,630 Ahead of Christmas
Gold prices are holding steady above $2,630 per ounce as the US Dollar maintains its strength. The Federal Reserve has signaled a slower pace of interest rate cuts next year, reducing upward pressure on Gold. This, coupled with the recent rise in US Treasury yields, is weighing on the precious …
Read More »Gold Prices Struggle Amid Hawkish Fed Outlook and Strong Dollar
Gold prices held near a one-month low in Asian trade on Friday, heading for their third consecutive weekly loss as the Federal Reserve’s slower-than-expected rate cut projections for 2025 weighed on investor sentiment. Gold Performance Spot gold edged up 0.1% to $2,596.82 per ounce, while Gold futures for February delivery …
Read More »Gold prices pressured ahead of FOMC decision
Gold prices have retreated from their recent highs, pressured by rising US Treasury yields. This shift reflects a change in market expectations for Federal Reserve interest rate cuts. The upcoming FOMC meeting is a pivotal moment for gold, as the Fed’s policy decisions and forward guidance will significantly impact the …
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