Gold price (XAU/USD) trades 2% higher to near $4,080 during the European trading session on Monday. The yellow metal strengthens amid steady expectations that the Federal Reserve (Fed) will cut interest rates again in the December policy meeting.
Bitcoin price jumps 4% to $106,403 and gold rallies 2% to $4,085/oz as Senate votes 60-40 to end historic 40-day government shutdown, weakening dollar and boosting safe-haven and risk assets.
Gold price (XAU/USD) jumps to near $4,075 during the early European trading hours on Monday. The precious metal edges higher amid uncertainty over the US economic outlook.
Gold price (XAU/USD) advances during the North American session on Friday, up 0.64% as the US government shutdown extends, while risk aversion keeps US equity markets poised for weekly losses. At the time of writing, Bullion trades at $4,002 after bouncing off daily lows of $3,974.
Analysts at JPMorgan have suggested that bitcoin may be oversold after recent price declines pushed it below $100K. They indicated there is a possibility of higher prices in the coming months.
Gold (XAU/USD) trades slightly firmer on Friday, holding within the familiar $3,900-$4,050 range as the prolonged United States (US) government shutdown and cautious sentiment across global markets keep safe-haven demand steady.
China gold reserves 74.09 million fine troy oz at end-October vs 74.06 million troy oz at end-September, People's Bank of China (PBoC) reported. The value of the gold reserves is seen adjusting higher to $297.21 billion this month, against $283.29 billion in September.
Gold (XAU/USD) maintains its bid tone above the $4,000 psychological mark through the first half of the European session on Friday, though it remains below the overnight swing high amid mixed cues.
Gold price (XAU/USD) trades in positive territory near $3,990 during the early Asian session on Friday. The precious metal edges higher amid a weaker US Dollar (USD) and a renewal of safe-haven demand. Traders await the release of the flash U-Mich Consumer Sentiment survey later on Friday.
Gold price advances on Thursday after reaching a daily high of $4,019, but retreats below the $4,000 mark even though the US Dollar and US Treasury yields tumbled. At the time of writing, XAU/USD trades with gains of over 0.10% at around $3,985.
Gold (XAU/USD) edges lower on Thursday, after briefly reclaiming the key $4,000 psychological mark amid a weaker US Dollar (USD). At the time of writing, XAU/USD is trading around $3,985, easing from an intraday high of $4,019 as bullish momentum stalls.
Gold (XAU/USD) extends its intraday move up beyond the $4,000 psychological mark and climbs to the top end of its weekly range during the first half of the European session on Thursday.
Gold price (XAU/USD) declines to near $3,970 during the Asian trading hours on Thursday. The precious metal edges lower as traders weigh the outlook for the US Federal Reserve (Fed) path after the upbeat US economic data.
Gold (XAU/USD) price rises more than 1% on Wednesday after a slew of economic data was released in the United States (US), which strengthened the US Dollar (USD), but also the yellow metal, which trades at around $3,980 after hitting a daily low of $3,929.
Gold (XAU/USD) holds steady within familiar ranges on Wednesday as a mild risk-off tone across global markets underpins demand for the safe-haven metal. At the time of writing, XAU/USD is trading around $3,975, recovering modestly from Tuesday’s low of $3,928.
Gold (XAU/USD) is trading higher on Wednesday, supported by increasing demand for safe assets, with traders spooked by the sell-off in global equity markets.
Gold price (XAU/USD) edges higher above $3,950 during the early European trading hours on Wednesday. Fears of economic risks stemming from the ongoing US government shutdown, along with geopolitical risks and uncertainties, could boost the safe-haven flows, supporting the Gold price.
Gold (XAU/USD) remains under pressure on Tuesday, weighed down by a stronger US Dollar (USD) and a cautious tone from the Federal Reserve (Fed). At the time of writing, XAU/USD is trading around $3,970, down nearly 1% on the day, after recovering modestly from an intraday low near $3,928.
Gold (XAU/USD) is looking to build on a modest intraday bounce, though it lacks bullish conviction and remains on the back foot below the $4,000 psychological mark through the first half of the European session on Tuesday.
Gold price (XAU/USD) declines to around $4,000 during the early Asian session on Tuesday. The precious metal edges lower as traders dialed back bets for further Federal Reserve (Fed) rate cuts. The Fed’s Michelle Bowman is scheduled to speak later in the day.
Gold (XAU/USD) kicks off the week on a cautious footing, oscillating within its established $3,900-$4,050 range as traders weigh an evolving macroeconomic backdrop. At the time of writing, XAU/USD is trading around $4,010 after briefly slipping to $3,962 earlier in the Asian session.
Gold (XAU/USD) has bounced from last week's lows below the $3,900 level, yet bulls remain unable to confirm above a previous support area around $4,045 (October 24 low), which leaves price action fluctuating without a clear bias around the $4,000 level on Monday,, with investors awaiting US manufact
Spot Gold comes under renewed pressure as China ends the VAT rebate for gold sales, raising costs for both investors and consumers, ING's commodity experts Ewa Manthey and Warren Patterson note, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold (XAU/USD) sticks to modest intraday gains through the first half of the European session on Monday, though it lacks follow-through and remains below the $4,050 level amid mixed cues.
Gold price (XAU/USD) slumps to near $3,965 during the early Asian session on Monday. The precious metal extends the decline as a constructive US-China outcome reinforces global risk appetite.
Gold (XAU/USD) drifts lower on Friday after holding above the $4,000 level for the better part of the day as investors reassess the Federal Reserve’s (Fed) monetary policy outlook following this week’s interest rate cut.
Although the price of Gold fell by almost USD 500 for a time from its record high on Monday October 20th, its reputation as a safe haven is unlikely to be tarnished in the long term. Ultimately, this merely offset the gains made in October.
Gold (XAU/USD) bounced higher on Thursday, fuelled by risk aversion following Wall Street's reversal amid fresh concerns about valuations in the AI sector.
Gold (XAU/USD) recovers slightly from the daily low, though it retains intraday negative bias through the early European session as the US Dollar (USD) stands firm near a three-month top amid the Federal Reserve's (Fed) hawkish tilt.
Gold price rallies over than 1.50% on Thursday after the Federal Reserve (Fed) reduced rates as expected despite Chair Jerome Powell’s hawkish comments at the press conference. Falling US Treasury yields and geopolitics boosted the yellow metal, which trades at $3,995 at the time of writing.
Gold (XAU/USD) steadies on Thursday after a volatile session, as traders digest the Federal Reserve’s (Fed) interest rate cut and cautious monetary policy outlook.
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