ForexGlobal

ForexGlobal Updated 

In early Asian trading, gold is experiencing a slight decline, possibly due to a technical pullback. Gold prices showed strength overnight as the dominant dollar trade appeared to lose momentum, according to Edward Moya, an analyst at Oanda. Looking forward, Moya points out several potential catalysts for the week, such as the release of U.S. inflation and retail...

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On Tuesday, the price of gold remained relatively stable at around $1,920 per ounce as investors adopted a cautious stance in anticipation of crucial U.S. inflation reports that could impact the future trajectory of interest rates. The upcoming U.S. consumer inflation report is scheduled for release on Wednesday, followed by the producer inflation report on...

ForexGlobal Updated 

Gold prices had a solid start to the week on Monday, finding support in a weakening dollar. This gain came as investors eagerly anticipated the release of U.S. inflation data later in the week, which would provide insights into the Federal Reserve's future interest rate decisions. - The price of spot gold inched up by 0.1% to reach $1,919.52 per ounce as of 0105...

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* The upcoming release of the August U.S. Consumer Price Index (CPI) on Wednesday holds the potential to influence the Federal Reserve's interest rate strategy for the remainder of the year. * In preparation for their scheduled policy-setting meeting later this month, Federal Reserve policymakers have articulated two key sentiments: They lack eagerness to raise...

ForexGlobal Updated 

Gold prices have climbed in early Asian trading, buoyed by China's continued accumulation of the precious metal in its reserves. ANZ analysts note the robust central bank purchasing trend, highlighting China's consistent additions to its gold reserves for the tenth consecutive month. Official data released on Thursday revealed that China's gold reserves increased...

ForexGlobal Updated 

Gold held firm above the $1,920 per ounce mark on Friday, but it remained on course to conclude the week with losses, largely attributed to the latest data indicating a robust U.S. economy. This economic strength provides the Federal Reserve with room to maintain a stringent monetary policy stance or potentially increase interest rates. In the last week of...

ForexGlobal Updated 

In the early Asian trading session, gold remains stable, having pulled back overnight due to the increase in U.S. Treasury yields. Bond yields, which move in the opposite direction of both bond prices and precious metals, exerted downward pressure on gold. Furthermore, the release of fresh data overnight indicating a strengthening U.S. economy has heightened...

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Gold ended Wednesday with a decline, driven by a surge in the dollar and bond yields following the release of another economic report surpassing expectations. The December delivery of gold closed down by $8.40, settling at $1,944.20 per ounce. This dip occurred as both the dollar and bond yields experienced an uptick after the August ISM Services Purchasing...

ForexGlobal Updated 

Perth Mint reported that its gold and silver product sales in August hit their lowest point since February 2020. This decline was attributed to a persistently weak demand for these precious metals, influenced by a stronger U.S. dollar and elevated yields. During the past month, the sales of gold coins and minted bars amounted to 34,875 ounces, marking a decrease...

ForexGlobal Updated 

On Wednesday, gold remained below the $1,930 per ounce mark, facing downward pressure from a robust dollar driven by increased global economic uncertainties that heightened safe-haven demand for the U.S. currency. Furthermore, rising Treasury yields continued to exert pressure on the precious metal as investors assessed the probable direction of U.S. monetary...

ForexGlobal Updated 

Gold is experiencing a decline during the early Asian trading session. Despite its recent fluctuations, the precious metal remains below the $1,950 mark, as noted by Craig Erlam, a senior market analyst at Oanda. Following the release of the U.S. jobs report, gold briefly attempted to surpass this threshold but ultimately fell short. Erlam suggests that a...

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In a quiet holiday trading session on Monday, gold prices remained stable, benefiting from a slight decline in the U.S. dollar. Market participants were growing increasingly confident that the Federal Reserve had completed its series of interest rate hikes. Spot gold was virtually unchanged at $1,939.61 per ounce as of 9:52 a.m. EDT (1352 GMT), following a recent...

ForexGlobal Updated 

On Monday, the price of gold remained steady at over $1,940 per ounce, staying close to its highest levels in a month. This stability was attributed to indications of a slowdown in the US economy, which fueled optimism that the Federal Reserve would refrain from further interest rate hikes for the remainder of the year. The most recent US employment report...

ForexGlobal Updated 

Gold prices in Asian early trading have risen as U.S. consumer spending data for July matched expectations. The personal consumption expenditures price index saw a 0.2% increase in July, maintaining the same rate as in June. According to analysts at ANZ, these latest statistics bolster the possibility that the Federal Reserve might halt its monetary tightening...

ForexGlobal Updated 

Gold prices in early Asian trading have risen due to reduced concerns about another rate hike by the U.S. Federal Reserve. This shift in sentiment is attributed to several factors, including the downward revision of second-quarter U.S. GDP growth and a report from ADP indicating that the largest economy in the world added the fewest jobs in five months during...

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Gold prices remained resilient, hovering close to one-month highs on Thursday. This resilience was attributed to a fresh batch of underwhelming U.S. economic data, which has bolstered expectations that the Federal Reserve may put the brakes on interest rate hikes for the remainder of the year. However, the outlook may shift depending on the inflation data set to...

ForexGlobal

At the Jackson Hole Symposium, Fed Chair Powell delivered a clear message: Inflation has slowed but remains resilient despite the series of rate hikes since 2022. While this assessment was hawkish, it was balanced with caution, as policymakers expressed a commitment to proceed carefully based on data. This data-driven approach will elevate the importance of...

ForexGlobal Updated 

Gold prices have remained relatively stable in early Asian trading. According to a research note from ANZ analysts, the market's confidence in another interest rate hike by the U.S. Federal Reserve at its September meeting has diminished. This shift is attributed to the decline in bond yields and a weakening U.S. dollar. When bond yields fall, which move inversely...