XAU/USD supported by negative real yields – Erste Group
XAU/USD increased by +9.9% in the fourth quarter. Negative real yields favour a rising Gold price, economists at Erste Group Research report. Gold to inch higher to around $1,890 in 1Q 2023 “Real yields remain in negative territory in 1Q 2023 despite Fed rate hikes. This is a factor that favours a rising Gold price. […]
Gold Optimistic as $1900 Closes In!
Gold prices jumped on the back of the NFP numbers on Friday. The rising expectations of a recession in America has seen risk appetite shift quite considerably. Now economists expect the $1900 to be the next psychological level for traders, as the Core Inflation rate is not far away. Timestamps XAUUSD 01:45 XAGUSD 03:05 The […]
PRECIOUS-Gold accelerates to 8-month peak on dollar pullback
*U.S. CPI report due on Thursday*Dollar index down 0.4%(Updates prices)Jan 9 (Reuters) – Gold prices extended gains to an eight-month high on Monday as a weaker dollar made greenback-priced bullion cheaper for overseas buyers, while investors bet on a less-aggressive rate-hike trajectory from the U.S. Federal Reserve this year.Spot gold was up 0.8% at $1,880.33 […]
XAU/USD at risk of suffering a setback – Commerzbank
Gold price has chalked up gains at the start of the new year. Nonetheless, strategists at Commerzbank envisage a risk of setbacks in the yellow metal market. Any lasting recovery will require a shift in sentiment among ETF investors “Gold’s upswing is presumably due primarily to more optimism among speculative financial investors, who are generally […]
Gold Prices (XAU/USD) Battered by USD Strength Ahead of NFP Report
Gold (XAU/USD), USD Talking Points Ahead of NFP’s Recommended by Tammy Da Costa Get Your Free Gold Forecast Gold Prices Surrender to Dollar Strength Ahead of NFP Report – Hawkish Fed Weighs on XAU/USD Gold prices have pulled back from their recent high as rate expectations and recession risks continue to drive sentiment. With the […]
XAU/USD renews eight-month high near $1,880 on China concerns, softer US Dollar
Gold price grinds higher after refreshing multi-day high. China unlock, PBOC’s gold stocking underpins XAU/USD run-up. US Dollar bears the burden of downbeat data, mixed Fedspeak. Light calendar, cautious mood ahead of US inflation figures probe Gold buyers. Gold price (XAU/USD) rises to the highest levels since early May 2022 as the risk-on mood joins […]
Gold, silver prices remain unchanged; yellow metal trades at Rs 55,960
The prices of both gold and silver remain unchanged on Monday. Ten grams of 24-carat gold was trading at Rs 55,960, while silver was selling at Rs 71,800 per kg. 22-carat gold was selling at Rs 51,300 per 10 grams, according to the GoodReturns website. […]
Gold Price Steady After US Dollar Pummelling. Will XAU/USD Rally Again?
Gold, XAU/USD, US Dollar, Jobs, Fed, Crude Oil, USD/JPY – Talking Points Gold found some support today after wilting overnight The US Dollar resumed strengthening yesterday after solid data If the markets understand the Fed correctly, will that drive XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast The gold price took a beating […]
Dow Jones, S&P 500, US Dollar, Gold, British Pound, US CPI
Recommended by Daniel Dubrovsky Get Your Free USD Forecast Global market sentiment improved to start off the first week of 2023. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 rallied 1.23%, 1.19% and 0.87%, respectively. Across the Atlantic, the FTSE 100 and DAX 40 gained 2.49% and 4.93%, respectively. Meanwhile, in the […]
China bought another 30 tonnes of gold in December 2022, following 32 tonnes in November
Information posted to the People’s Bank of China website over the weekend reported it increased its holdings of gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold […]