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 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 […]