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 trims losses but gains remain limited amid strong USD and rate hike concerns
Gold (XAU/USD) recovered a large portion of its intraday decline and moved closer to the $4,400 level during Tuesday’s European session. However, the overall recovery still looks weak. Ongoing tensions involving Iran continue to raise inflation concerns, reducing expectations for interest rate cuts. This situation creates pressure on gold, which does not offer yields. At […]
Gold Holds Above $5,000 as Fed Decision and Middle East Risks Keep Markets Cautious
Gold prices steadied above the key $5,000 level during Wednesday’s European session, recovering slightly after a brief dip earlier in the day. Despite this, the metal remains stuck within a narrow range seen since the start of the week, as traders avoid taking strong positions ahead of the upcoming policy decision from the Federal Reserve. […]