Tag Archives: gold prices

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 …

The price of gold stopped increasing after reaching record highs due to statements from the Federal Reserve. The Fed suggested a potential gradual reduction in interest rates, which could affect the appeal of gold as a safe-haven asset. This news, along with concerns about the U.S. labor market, has led …

Dollar Strengthens Amid Rising Yields, Renewed “Trump Trade”The US Dollar Index (DXY) continued its upward trajectory on Tuesday, October 22, approaching three-month highs as investors responded to higher interest rates and a resurgence of the “Trump trade.” Key economic events and speeches from Federal Reserve officials will shape the market’s …

Gold is currently rallying and enjoying a resurgence in price. This report traces the intricate factors driving this rally, examining both macroeconomic fundamentals and technical indicators. Gold prices surged to a new all-time high near $2,700 on Thursday, driven by a combination of factors, including heightened uncertainty surrounding the upcoming …

Gold prices rallied during the mid-North American session on Wednesday, bolstered by a decline in US Treasury yields and a disregard for recent US Dollar strength. Anticipations of interest rate cuts by major central banks, fueled by soft inflation data, weighed on bond yields and propelled the non-yielding metal. As …