Gold prices weakened in the Asian session on Friday, falling below $4,350. This movement occurred despite signs of easing in US inflation (CPI), which should have supported gold through the possibility of an interest rate cut. The main pressure came from profit-taking after the previous rally. Furthermore, there was liquidation of long positions by short-term…
Gold prices weakened in Thursday’s Asian session, falling slightly below $4,350/oz. This movement was largely driven by profit-taking after gold had reached high levels in recent weeks, coupled with a strengthening US dollar. The strengthening dollar makes gold less attractive in the very short term, as it is priced in USD. When the USD rises,…
Gold prices rose again and approached a record high, as investors awaited Thursday’s US inflation data and monitored the escalating situation in Venezuela. At the same time, silver also surged and hit a new high, extending its strong rally. Spot gold rose above $4,325/oz, rebounding after a slight decline in the previous session that broke…
Gold prices halted their rise after a four-day rally, as comments from Federal Reserve (Fed) officials raised doubts about whether the US would cut interest rates again next year. On Monday, gold was stable at around US$4,305/ounce, after rising 2.6% last week. Although the Fed did cut interest rates on Wednesday, three policymakers apparently rejected…
Gold prices traded around $4,270 per troy ounce on Friday, approaching a seven-week high and poised to close the week with gains. This increase was driven by expectations that the Fed will continue to ease monetary policy for some time to come. For the market, gold is once again being viewed as a safe haven…
Silver hit an all-time high (ATH) today as investor interest in the precious metal increased after the Fed’s interest rate policy shifted toward a more lenient stance. The interest rate cut made the yields of interest-bearing assets like bonds less attractive, prompting some funds to shift to non-yielding assets like silver. Furthermore, the earlier rally…
