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Gold
November 6, 2023476Views0Likes0Comments

Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite

Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure…

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Gold
November 6, 2023298Views0Likes0Comments

Wall Street analysts see virtually no downside for gold prices, retail investors maintain bullish outlook

Gold traded in an elevated and narrow range this week, frequently testing the $2,000 psychological price barrier without ever managing to break decisively above it. The precious metal continues to be trapped between evenly balanced opposing forces, as declining bond yields and optimism that the Fed funds rate has truly peaked compete with the pullback in…

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Gold
November 2, 2023451Views0Likes0Comments

Gold Nears $2,000 Amid Global Tensions

For decades, gold has remained the best-performing asset class, providing double-digit returns for investors. True to form, gold demand this quarter remains above the long-term average as precious metal prices continue to move in response to global events. According to the World Gold Council (WGC), gold buying by central banks also continues at a scorching…

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Gold
November 2, 2023457Views0Likes0Comments

Gold price capitalises on weak US data, Fed policy hogs limelight

Gold price (XAU/USD) recovered losses and turned positive on Wednesday after a two-day losing spell on weaker-than-anticipated United States Automatic Data Processing (ADP) and the Institute of Supply Management (ISM) Manufacturing PMI data for October. The US ADP reported that employers hired 113K job seekers, which were lower than expectations of 159K but significantly higher…

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