Silver remains stable near its record high after rising about 17% over the past seven sessions. This rally is due to traders expecting lower US interest rates, which typically benefit precious metals. Meanwhile, gold prices remained flat after a two-day decline, reflecting the market’s anticipation of new monetary policy direction from the Federal Reserve. Investors…
The global gold price (XAU/USD) fell to around $4,210 in early Asian trading on Wednesday morning. This decline followed a strong previous rally, when many market participants opted to take profits first. Investors also chose to wait for the release of important US economic data in the next few days before opening new positions. Today,…
Silver retreated from a record high, with a key technical indicator showing that a six-day rally has taken it into overbought territory. Gold also edged down. The white metal fell as much as 2.4% to around two dollars below the all-time peak reached in the previous session. Traders have been betting on continued supply tightness…
Gold prices weakened slightly in early Asian trading. Spot gold fell around 0.2% to around $4,223.40 per troy ounce. This movement follows a previous rally, and the market is now more cautious while awaiting signals on the direction of interest rate policy from the US central bank, the Federal Reserve (The Fed). In a note,…
Gold prices weakened in early December, dragged down by investor caution ahead of the Federal Reserve’s looming interest rate decision. Amid speculation that the Fed was ready to cut rates again this month, market participants opted to hold back, keeping gold’s movements limited. Pressure from the mixed US dollar also prevented gold from posting significant…
Gold prices rose to a nearly two-week high on Wednesday, supported by US economic data that reinforced expectations of a Fed rate cut in December and weighed on the US dollar. Spot gold prices rose 0.8% to around US$4,161.10 per troy ounce, the highest since November 14, while US gold futures for December delivery fell…
