Gold prices are near steady and silver a bit lower in early U.S. trading Wednesday
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Gold price (XUA/USD) remains under pressure below the mid-$2,000s during the early Asian session on Wednesday. The ongoing US Dollar (USD) demand and higher US Treasury yields drag the yellow metal lower. At press time, the gold price is trading at $2,025, losing 0.09% for the day.
The US Dollar Index (DXY), a measure of the value of the USD against…
Gold price is challenging the $2,050 barrier early Tuesday, feeling the heat from resurgent US Dollar (USD) demand amid a further escalation in the Middle East geopolitical tensions.
Gold price looks to geopolitics and Fed Waller’s speech
Gold price has turned red for the first time in four trading days, stalling its recovery momentum from three-week…
One of the questions top of mind of investors is whether gold can set a new ATH in 2024. While the answer to this question is certainly YES, for reasons explained in our detailed gold analysis, there is an equally important viewpoint to consider.
The viewpoint we are talking about is the price of gold in world currencies, other…
Gold price (XAU/USD) continues to enjoy decent demand on Monday’s European session amid multiple tailwinds. The precious metal is attracting investments as market participants seem more convinced about the Federal Reserve (Fed) reducing borrowing costs from March after the release of the surprisingly soft Producer Price Index (PPI) numbers for December.
Investors expect that a decline in the…
The US dollar started the week on the right foot, although, the early Monday rise was certainly nothing to brag about. The greenback has not only managed to remain supported but looks to build on Friday’s gains at the start of a holiday affected week. In observance of Martin Luther King Day, major US markets are offline…
Gold is getting a decent boost going into the weekend and beyond on a combination of escalating geopolitical tensions and a weaker US dollar. Last night’s US/UK coordinated attacks on Houthi rebels in Yemen have prompted fears of reprisals, and with both sides unlikely to back down the already fraught situation is likely to get worse.
Crude…