Browsing: Gold & Silver
Gold (XAU/USD) is likely to remain volatile in the coming week as investors focus on upcoming US inflation data and the Federal Reserve’s (Fed) stance on monetary policy.
Analysts at multinational investment firm JPMorgan have drawn attention to the “debasement trade’s” increasing role in driving up the price of bitcoin and gold.
Gold (XAU/USD) is trading within a narrow range near $2,658 on Friday, as traders await the release of September’s US Nonfarm Payrolls (NFP) report from the US Bureau of Labor Statistics (BLS).
A weaker U.S. dollar, global central bank rate cuts, and rising geopolitical risks are supporting gold prices as they trade close to record highs in the $2,660 range.
Gold (XAU/USD) continues its bullish streak, currently trading at $2,587.97 with a 0.11% increase on the day. The market is closely watching key data releases, including U.S. unemployment claims and existing home sales, which could further influence gold’s trajectory in the short term.
Silver (XAG/USD) remains under pressure, trading around $30.40 as the strong US dollar continues to weigh on the precious metal. Despite the recent bearish trend, silver is finding support in China’s booming demand, which has driven prices higher in Asian markets compared to their Western counterparts.
Gold (XAU/USD) is currently trading at $2,567, facing downward pressure despite rising market expectations for a potential interest rate cut by the Federal Reserve (Fed
Gold price hit an all-time high of $2,570, driven by a softer US PPI report and expectations of a significant interest rate cut by the Federal Reserve. Find out more about the factors driving gold’s bullish rally and its technical indicators suggesting a strong upward trend.
Gold is soaring to new all-time highs, reaching $2,550! This historic moment is capturing the attention of traders and investors worldwide. Get ready for an exciting ride in the gold market!
Gold is currently trading at $2,517.97, showing a slight gain of 0.04% for the day. The price action is moving within a bullish channel, supported by the 50-period EMA at $2,510.35
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