Gold (XAU/USD) edges higher on Thursday, trading around $4,115, up nearly 0.40% for the day. Demand for safe-haven assets remains firm amid the prolonged budget deadlock in Washington and persistent geopolitical uncertainty.
Gold has yet to recover after the steep decline from all-time high, but pace of decline is starting to moderate. XAU last seen at 4114.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Gold price (XAU/USD) edges higher above $4,100 during the early European trading hours on Thursday. The ongoing US government shutdown and geopolitical tensions boost the Gold price, as it is viewed as a safe-haven asset in times of uncertainty.
Gold price slides over 1.50% on Wednesday after plummeting more than 5% on Tuesday in its biggest daily loss in five years as traders brace for the release of the latest inflation report in the United States (US). At the time of writing, XAU/USD trades at $4,050 after reaching a high of $4,161.
Gold (XAU/USD) is attempting to stabilize on Wednesday after a brutal selloff from record highs the previous day, finding some support as the US Dollar (USD) softens. At the time of writing, XAU/USD is trading around $4,040, down over 1.50% after briefly dipping to $4,004 earlier in the day.
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Gold bounced up after reaching the target of a Double Top pattern, at $4,005 on Tuesday, but upside attempts have been halted way below previous support, at $4,185, which leaves the immediate bearish trend intact and the $4,000 support area at a short distance.The announcement that US President Trum
Spot Gold prices came under significant pressure yesterday, with the market settling 5.3% lower on the day. This downward pressure has only continued in early morning trading in Asia today.
Gold price (XAU/USD) recovers to near $4,150 during the early European trading hours on Wednesday. The precious metal gains ground amid concerns over the impact of the US government shutdown and ongoing fears about unsustainable government debt globally.
Gold plummets more than 5.50% on Tuesday as traders seem to book profits ahead of the release of September’s Consumer Price Index (CPI) data in the US, and the Greenback recovers some ground. XAU/USD trades at $4,114 after diving from a daily high of $4,375.
Record high local Gold prices have apparently had no dampening effect on Gold demand in India recently – quite the contrary, Commerzbank's commodity analyst Carsten Fritsch notes.
The Gold price came under pressure on Friday and ultimately closed trading down 1.7% at $4,250 per troy ounce, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold (XAU/USD) drifts lower on Tuesday after retesting its record high near $4,380 on Monday. The pullback comes as the US Dollar (USD) extends its recovery gains and traders lock in profits following an overextended rally.
Gold was rejected at the $4,380 area for the second time on Monday, and the precious metal has lost more than $100 on Tuesday, reverting the previous day’s gains, with precious metals hammered by an improving market sentiment and a stronger US Dollar.US President Trump calmed markets on Monday, anno
The current week in the financial markets has been particularly interesting, as the “Super FOMO rally” for Gold persisted, driving the price of the metal to above $4300.
Gold (XAU/USD) accelerates its intraday retracement slide from the vicinity of the all-time peak and slides below the $4,300 mark during the first half of the European session on Tuesday.
Gold price rallies over 2% on Monday and trims last Friday’s losses on speculation that the Federal Reserve (Fed) will continue its easing cycle next week. A softer Greenback and falling US Treasury yields keep XAU/USD trading at $4,345 after hitting a daily low of $4,219.
Gold’s recent surge has unfolded without fresh fundamental drivers: real rates have risen, the dollar hasn’t broken new lows, and central bank demand—particularly from BRICS+ and China—has waned.
Gold is trading near $4,300 an ounce. Although it corrected slightly from its peak of around $4,400, it has risen from $2,640 at the beginning of this year.
Gold (XAU/USD) edges higher on Monday, recovering all the losses from Friday’s selloff from record highs around $4,380. At the time of writing, XAU/USD is trading around $4,350 during the American session, up over 2.0% on the day.
Gold price (XAU/USD) trades in a tight range around $4,250.00 during the European trading session on Monday. The precious metal stabilizes after Friday’s corrective move, which pushed it lower from the all-time high of $4,380 to near $4,200.
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