Gold Stays Under Pressure as USD Firms Ahead of Key US CPI Data
Gold (XAU/USD) continues to trade on a weaker note after failing to break above the $4,800 level in the previous session. However, the downside remains limited as the metal moves within a familiar range during Friday’s Asian session. Prices are holding above $4,750 as traders stay cautious ahead of the upcoming US Consumer Price Index […]
Gold Stays Under Pressure as Stronger USD Weighs Ahead of Trump’s Iran Deadline
Gold prices (XAU/USD) continue to trade with a negative bias for the third consecutive day. However, the downside momentum remains limited, with prices moving within a broader range established in the previous session during Tuesday’s European trading hours. Market sentiment is being influenced by fading hopes of a last-minute agreement between the United States and […]
Gold holds firm above the $4,500 level, supported by a softer US Dollar
After slipping to around $4,420 during the Asian session, Gold (XAU/USD) recovered and moved back above $4,500, extending Friday’s strong rally of more than 2.5%. The US Dollar Index (DXY) eased slightly from its recent monthly high, offering some support to the metal. However, expectations that global interest rates may remain elevated continue to limit […]
Gold Drops Below $4,800 as Strong Dollar Pressures Prices Despite Rising Global Tensions
Gold prices slipped below the $4,800 level on Thursday, hitting their lowest point in over a month. The decline came as the US Dollar stayed strong after the Federal Reserve signaled a tough stance on inflation, making gold less attractive to investors. Although gold saw some small gains earlier in the day, it failed to […]