Renewed US/China trade tensions Friday following President Trump’s threat of 'massive tariffs' in response to China’s 'hostile' moves to curb rareearth exports prompted a sharp fall in stocks and 'Dr Copper' followed suit amid concerns of more headwinds for global growth, Scotiabank's Chief FX Strat
Gold (XAU/USD) is taking a breather on Tuesday after surging to a fresh all-time high near $4,179 earlier in the day as safe haven demand remains supported amid intensifying US-China trade tensions, dovish Federal Reserve (Fed) expectations, and growing uncertainties across major economies.
Even more than the Gold market, the real momentum continues to be seen in other precious metals markets, most recently, particularly in Silver, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen reports.
While other markets recovered yesterday, the Gold price continued its rally, reaching a new record high of nearly $4,180 per ounce early this morning, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen reports.
Gold’s reversal from all-time highs near $4,180 found support at $4,090 earlier on Tuesday. The precious metal trimmed losses in risk-off markets amid simmering tensions between the US and China, returning to the $4,125 area during the European trading session.
Gold rose to a new all-time high with spot prices reaching intraday highs of $4,164/oz in the early trading session today, following strong inflows reported in exchange-traded funds, escalating US-China trade tensions and traders’ confidence that the Federal Reserve’s rate cuts will continue, ING's
Bank of America raises gold price prediction to $5,000 as precious metal hits record $4,179. Fed rate cuts, China tensions, and ETF inflows fuel 57% YTD surge.
Gold (XAU/USD) reverses an intraday slide to levels below the $4,100 mark and trades with positive bias during the first half of the European session, though it remains below the all-time peak touched earlier this Tuesday amid mixed fundamental cues.
Gold price (XAU/USD) jumps to a fresh record high near $4,130 during the early Asian session on Tuesday. The precious metal extends the rally as renewed US-China trade tensions send investors flocking to safe-haven assets.
Gold price continues to print record highs now it passed the $4,100 milestone during the North American session, as US-China’s trade war escalated last week, boosting the safe-haven appeal of Bullion. XAU/USD trades at $4,095 up nearly 2%.
Gold (XAU/USD) continues its record-breaking rally on Monday, setting fresh all-time highs around $4,103 as fears of a revived US-China trade war boosts safe-haven demand.
All that glitters is fear: Gold’s ascent toward $5,000/oz seems increasingly inevitable: Last week, Gold prices reached $4,042/oz, just $276/oz below the bullish $4,318/oz Q426 forecast published just one month ago. As of this morning, prices have risen to $4,072/oz.
The gold train just keeps going amid lack of bearish catalysts with the buyers stepping in at every dip. As of now, the only risk ahead for a bigger pullback is the US CPI on October 24.
Gold (XAU/USD) stands firm near an all-time peak during the first half of the European session on Monday and seems poised to appreciate further amid a supportive fundamental backdrop. Investors now seem worried that a prolonged US government shutdown will affect the economic performance.
Gold price (XAU/USD) extends the rally to around $4,040 during the early Asian session on Monday. The escalating trade tensions between the United States (US) and China provide some support to the precious metal.
Gold price rises during the North American session on Friday amid an escalation of the trade war between the US and China. This, the US government shutdown and expectation for further easing by the Federal Reserve (Fed) keep the yellow metal bid.
Gold (XAU/USD) holds firm on Friday following a sharp pullback the previous day after retesting Wednesday’s all-time high of $4,059. At the time of writing, XAU/USD is hovering around $3,985, as bulls struggle to extend gains beyond the $4,000 psychological mark.
Gold price (XAU/USD) trades 0.4% higher to near $3,995.00 during the European trading session on Friday. The yellow metal stabilized after a corrective move on Thursday, which followed a fresh all-time high of nearly $4,060 posted on Wednesday.
The precious metal complex came under a wave of profit taking yesterday. There was no fundamental catalyst for the move and nothing has changed. What's next?
Gold (XAU/USD) attracts some dip-buyers in the vicinity of the overnight swing low and climbs to the top end of its daily range during the first half of the European session on Friday.
Gold price retreated during the North American session on Thursday after hitting a record high of $4,058, plunges below $4,000 as the Greenback posts solid gains.. XAU/USD trades at $3,978, down 1.5%.
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