Gold (XAU/USD) sticks to its modest intraday gains through the first half of the European session on Friday, though it lacks bullish conviction and remains confined in the weekly range.
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
JPMorgan says bitcoin could reach $170k if it trades like gold, but the bank’s analysis shows the real swing factor is Strategy’s ability to avoid selling bitcoin and remain in MSCI indices. With $1.4bn in fresh cash and mNAV still above 1, forced liquidation looks less likely. A positive MSCI ruling would lift both Strategy and bitcoin sharply.
Gold (XAU/USD) registers modest gains on Thursday, even though the latest US jobs data indicates that the labor market remains resilient, though signs of cooling are emerging.
Gold (XAU/USD) holds steady on Thursday, moving quietly within the $4,160-$4,260 range as investors adopt a wait-and-see approach ahead of the Federal Reserve’s (Fed) monetary policy meeting next week.
Gold (XAU/USD) is posting minor losses for the third consecutive day on Thursday, weighed by lower demand for safe havens amid a moderate risk appetite. The precious metal, however, remains supported above the mid-range of the $4,100s with the $4,264 high at a short distance.
Gold (XAU/USD) recovers slightly from the daily low, though it keeps the red below the $4,200 mark through the first half of the European session on Thursday amid mixed fundamental cues.
Gold price (XAU/USD) posts modest gains near $4,210 during the early Asian trading hours on Thursday. The precious metal edges higher amid growing expectations of a US interest rate cut next week.
Gold price declines some 0.20% on Wednesday as US economic data, although mixed, reaffirmes traders’ expectations for a rate cut next week at the Fed's meeting. XAU/USD trades above $4,200 after bouncing off daily highss of $4,240.
Gold price tests $4,200 as experts eye a breakout. Technicals point to $5,700, but Saxo Bank gold price prediction warns of a 'black swan' driving price to $10,000.
Gold (XAU/USD) firms as traders react to the latest US economic releases. At the time of writing, XAU/USD is trading around $4,225, edging modestly higher after briefly slipping below the $4,200 psychological level earlier in the day.
Central banks added a net 53 tonnes of Gold to reserves in October, marking the strongest monthly increase since November 2024, with Poland and Brazil leading the charge.
Gold (XAU/USD) hangs near the lower end of the daily range during the first half of the European session on Wednesday, though it manages to hold above the $4,200 mark amid mixed cues.
Gold price (XAU/USD) tumbles to near $4,210 during the early Asian trading hours on Wednesday. The precious metal loses momentum as traders book profits ahead of the upcoming key US data releases.
Gold (XAU/USD) dips some 0.80% on Tuesday as traders seem to be booking profits ahead of next week's Federal Reserve (Fed) monetary policy meeting, amid a firm US Dollar. At the time of writing, XAU/USD trades at $4,193, after hitting a daily high of $4,240.
In mid-October, the Silver price exceeded the $50 per troy ounce mark for the first time, reaching a record high. At the end of November, this record was broken once again. The current all-time high is almost $59. The price of Silver has doubled since the beginning of the year.
Gold (XAU/USD) edges lower on Tuesday as traders lock in some profits following Monday’s surge to six-week highs. At the time of writing, XAU/USD is trading near $4,190, down over 1% on the day.
Gold price (XAU/USD) is down 1% to near $4,180.00 during the European trading session on Tuesday. The yellow metal slumps after failing to hold above $4,200 as the US Dollar (USD) bounces back despite weak United States (US) ISM manufacturing Purchasing Managers’ Index (PMI) data for November.
Gold (XAU/USD) maintains its offered tone through the first half of the European session on Tuesday, though it lacks follow-through selling and, so far, has managed to hold above the $4,200 mark.
Gold price (XAU/USD) extends the rally to near $4,230 during the early Asian trading hours on Tuesday. The precious metal edges higher to a near six-week high amid growing expectations of US interest rate cuts.
Gold (XAU/USD) extends its gains for the second consecutive trading session on Monday, up over 0.40% as money markets priced in a rate cut by the Federal Reserve (Fed) in the next week.
Gold (XAU/USD) kicks off the new month on a firm footing, climbing to its highest level since October 21 on Monday, as risk-off sentiment underpins safe-haven demand, while traders gear up for another interest rate cut by the Federal Reserve (Fed) at its December 9-10 monetary policy meeting.
Gold (XAU/USD) remains on the front foot through the first half of the European session on Monday and currently trades near its highest level since October 21.
Gold price (XAU/USD) trades in positive territory near $4,230 during the early Asian trading hours on Monday. The precious metal edges higher amid growing speculation that the US Federal Reserve (Fed) may cut interest rates in December.
Gold (XAU/USD) rises over 1% on Friday amid a scarce economic docket, but traders are pricing further easing by the Federal Reserve (Fed) at the next meeting, pushing the non-yielding metal past the $4,200 mark for the first time in the last ten days.
The Silver price rose from $50 to more than $54 per troy ounce since the beginning of the week. The rise in the price of Silver thus eclipsed that of Gold. The Gold/Silver ratio subsequently fell to an annual low of just over 77, Commerzbank's commodity analyst Carsten Fritsch notes.
China’s appetite for Gold is slowing as imports fall to seven-month lows, while exports to Hong Kong surge, pushing net imports 45% below last year’s level, Commerzbank's commodity analyst Carsten Fritsch notes.
Silver is approaching its record high, with Gold also rising, as markets price in further interest rate cuts and declining inventories in China boost momentum, Commerzbank's commodity analyst Barbara Lambrecht notes.
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