Gold steadied just below a record as the Federal Reserve signaled a shift toward an interest-rate cut in September, and elevated tensions in the Middle East supported haven demand. Bullion which rose more than 5% in July was little changed above $2,445 an ounce after surging on Wednesday. While the Fed left rates unchanged at a…
Gold price (XAU/USD) shot to a multi-day peak around the $2,412-2,413 resistance zone on Tuesday and drew support from various factors. The Israeli attack on the Lebanon capital as retaliation for a rocket strike in the Golan Heights on Saturday raised the risk of a further escalation of geopolitical tensions in the Middle East. Furthermore,…
Gold prices rose slightly on Tuesday, steadying after a sharp drop in the prior session as anticipation of a Federal Reserve meeting and more cues on interest rates kept traders biased towards the dollar. Among industrial metals, copper prices sank further amid persistent concerns over slowing Chinese demand. The prospect of increased production from a…
Gold gained for a second day as markets digested the latest US inflation data ahead of a Federal Reserve meeting later this week, where policymakers are expected to set the stage for a September rate cut. Bullion rose as much as 0.7% in early Asian trading after closing 1% higher on Friday following a report that…
Gold prices inched higher on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve’s rate-cut timeline. Spot gold was up 0.3% at $2,416.62 per ounce, as of 0402 GMT. U.S. gold futures gained 0.4% to $2,417.10. Investors expect key U.S. data releases this week, including the second-quarter gross domestic product (GDP)…
Gold prices fell to a more than one-week low on Monday as the dollar firmed, while traders awaited more U.S. economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate cuts. Spot gold fell 0.2% to $2,394.18 per ounce, as of 1837 GMT. U.S. gold futures settled…
