Gold breaks down despite soft US core PCE reading, US Dollar recovers

Share: Gold price attracts bids below $1,860.00 after a mild correction in the US Dollar. The US economy remains resilient due to falling inflation, stable labor demand, and robust consumer spending. Fed Kashkari said that current interest rates are not sufficiently restrictive to bring down inflation to 2%. Gold price (XAU/USD) retreats despite the

XAU/USD unlikely to regain any significant ground – Commerzbank

Share: Gold price has been under pressure this week and has dropped back to $1,860, its lowest price in a good six months. Strategists at Commerzbank analyze the yellow metal’s outlook. Gold will probably find it difficult to come out of the defensive For as long as the market continues to expect a

Gold Prices Bounce Likely Short-Lived As US Rates, China Import Move Both Weigh

GOLD ANALYSIS & TALKING POINTS Gold prices bounced in early Friday trade Action looks corrective after heavy falls, doesn’t seem backed by a specific event US PCE inflation numbers will be the next big indicator Recommended by David Cottle Get Your Free Gold Forecast Gold Prices managed a little bounce in Friday’s European trade but

Gold at March 2023 low, USD/JPY Hovers Below Key 150.00 Level

Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy A slight breather in the Treasury yields rally allowed Wall Street to turn in a positive session overnight, while VIX retraced for the second straight day after nearing its key psychological 20 level, which are generally looked upon as

Where’s the Bottom for Gold?

GOLD OUTLOOK & ANALYSIS Hawkish Fed speak and resilient US jobs market keep gold upside limited. Fed speakers in focus later today. Threatening signs as triangle breakout coupled & death cross develops. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold prices have dropped to levels last seen in March as

S&P 500 Posts Late Recovery as Gold Melts Below $1900, Where to Next?

XAU/USD, S&P 500 PRICE FORECAST: MOST READ: Japanese Yen Outlook: USD/JPY, EUR/JPY Analyzed Post BoJ Minutes Release Download your Free Guide for Beginner Traders Now Recommended by Zain Vawda Forex for Beginners Global markets continued to feel the pinch today extending losses in the early part of the US session as US Yields continued to

Gold Falters as US Yields and the DXY Advance, $1900 at Risk

XAU/USD PRICE FORECAST: MOST READ: Gold (XAU/USD), Silver (XAG/USD) Forecast: Upside Potential but Technical Hurdles Lie Ahead Gold extended its losses in the European session as US Treasury Yields continued their advance, while the US Dollar holds above the 106.00 handle. The ‘higher for longer narrative’ has gripped markets since last weeks Fed meeting with

Gold and Silver Prices Weaken on Monday, How is the Near-Term Landscape Shaping up?

Gold and Silver: Near-Term Technical Update Gold and silver prices weakened on Monday XAU/USD inches closer to key rising support XAG/USD might have more room to consolidate. Recommended by Daniel Dubrovsky How to Trade Gold XAU/USD Analysis Gold and silver prices have continued lower amid the rise in longer-term US Treasury yields and a stronger

Gold outlook dims on hawkish Fed guidance

Share: Gold price remains under pressure as the US economy remains resilient despite higher interest rates. The US economy is comfortably absorbing the consequences of the Fed’s higher interest rates. Fed’s Collins says further policy tightening is not off the table. Gold price (XAU/USD) trades back and forth as uncertainty over the interest