Oct 18 2024, 12:22 Gold price gains positive traction for the fourth successive day and jumps to a fresh all-time peak. Major central banks remain in rate-cut mode and continue to benefit the non-yielding XAU/USD. Middle East tensions and the US political uncertainty provide an additional boost to the commodity. Gold price (XAU/USD) prolongs its…
Oct 17 2024, 07:51 Gold was steady in early Asian trade ahead of key US economic data due later in the day. Investors are looking to data such as retail sales and weekly jobless claims for fresh insights into the Fed’s monetary policy trajectory, Bas Kooijman, CEO and asset manager at DHF Capital S.A., said…
Oct 17 2024, 07:01 Oil inched up as traders weighed potential supply risks from the Middle East against a weak outlook for global demand. West Texas Intermediate rose toward $71 after slipping 0.3% on Wednesday, while Brent closed above $74. Israel stepped up air strikes on Lebanon, while Iran reported an oil leak near a key terminal, heightening attention on the…
Oct 11 2024, 13:12 Gold prices climbed on Friday after recent data supported bets for a Federal Reserve interest rate cut next month, while market participants awaited the U.S. Producer Price Index report for further direction. Spot gold rose 0.5% to $2,641.70 per ounce by 0245 GMT but was down about 0.4% for the week….
Oct 10 2024, 10:14 Gold rose above $2,610 per ounce on Thursday after falling for six consecutive sessions, ahead of the key US CPI data later today to seek further cues on the Fed’s interest rate outlook. Recently, gold prices had eased to its lowest level in nearly three weeks, weighed down by diminishing expectations…
Oct 8 2024, 14:38 Gold price (XAU/USD) ticks lower for the fifth straight day and drops to over a one-week low, closer to the $2,630 trading range support during the early European session on Tuesday. Investors have been paring their bets for another oversized interest rate cut by the Federal Reserve (Fed) in November, which,…
