Gold bullion Archives - Page 43 of 64

Gold price (XAU/USD) struggles to gain any meaningful traction following the previous day's late pullback from the $2,040 area and oscillates in a narrow trading band during the Asian session on Wednesday. Traders now seem reluctant and prefer to wait for the release of the latest consumer inflation figures on Thursday before placing fresh directional…

Dollar Gold Platinum Silver

January 10, 2024427Views 0Likes 0Comments

Gold Price Edges Up as Investors Wait for Inflation Data

Gold was up 0.2% at $2,038.20 a troy ounce in early trading, as traders keep a close eye on signals of interest-rate cuts Metal prices more widely were mixed as market watchers await U.S. CPI data this week for more clarity. Three-month copper was 0.2% lower at $8,417 a metric ton, while aluminum was down 0.1% at…

Dollar Gold Platinum Silver

January 10, 2024370Views 0Likes 0Comments

Gold Price Forecast – Gold Bounces Back a Bit

Gold markets bounced a bit during the early hours on Tuesday, as we continue to see more of a “buy on the dip” mentality in this market. We rallied a bit during the trading session on Tuesday in the gold market as we continued to see a lot of noise. I suspect that the 50 day…

Dollar Gold Platinum Silver

January 10, 2024491Views 0Likes 0Comments

XAU/USD holds gains amid risk aversion and falling yields

Gold price clings to decent gains above 0.15% during the mid-North American session on Tuesday, amid risk aversion, alongside overall US Dollar (USD) strength across the board. US Treasury bond yields had erased their previous gains, a tailwind for the yellow metal, which has an inverted correlation, particularly with the 10-year benchmark note yield. At the…

Dollar Gold Platinum Silver

January 10, 2024380Views 0Likes 0Comments

Gold price up on technical buying, rebound in crude oil

Gold prices are moderately higher and silver near steady in early U.S. trading Tuesday. Chart-based buying is featured in gold early today. Higher crude oil prices are also a bullish outside-market element. However, gains in the precious metals are being limited by a firmer U.S. dollar index and rising U.S. Treasury yields on this day.…

Dollar Gold Platinum Silver

January 9, 2024425Views 0Likes 0Comments

Bank Borrowing From Fed Bailout Program Has Surged

Is a U.S. banking crisis still bubbling under the surface? If activity in the Federal Reserve’s bank bailout program is any indication, the answer to that question is yes. Over the last two months, the balance in the Fed Bank Term Funding Program (BTFP) has surged, and the pace of borrowing appears to be increasing. Since Nov. 19, the amount…