February 5, 2025 8:02 am
Spot Gold registered a fresh all-time high of $2,865.52 per troy ounce on Wednesday on concerns of a new trade war between the United States and China. Beijing imposed targeted tariffs on US imports and placed several companies on notice for potential sanctions, as it responded to new US duties on Chinese imports. US President […]
Read moreJanuary 27, 2025 8:40 am
Spot Gold eased from a near 3-month peak of $2,786.06 per troy ounce on Monday on a stronger US Dollar. The US Dollar Index was gaining 0.21% on the day to 107.694, while making the yellow metal less appealing to holders of other currencies. Market players now focused on the outcome of the Federal Reserve’s […]
Read moreJanuary 23, 2025 8:29 am
Spot Gold eased from a 12-week high of $2,763.43 per troy ounce on Thursday, as the US Dollar firmed. “It’s just a technical pullback because the dollar has been taking back on $108 level, triggering some profit-booking, but the undertone for gold is expected to be positive,” Ajay Kedia, director at Kedia Commodities, was quoted […]
Read moreJanuary 17, 2025 8:12 am
Spot Gold was holding not far from a fresh 1-month high on Friday and was poised for a third weekly gain in a row, as expectations of further interest rate cuts by the Federal Reserve grew following the latest US CPI inflation data. Fed Governor Christopher Waller said on Thursday that three or four rate […]
Read moreJanuary 10, 2025 8:41 am
Spot Gold scaled a fresh 1-month peak of $2,680.42 per troy ounce on Friday, as investors awaited the key US Non-Farm Payrolls report later in the day for more insight into macroeconomic conditions and the Fed’s future interest rate path. Employers in all sectors of the US economy, excluding farming, probably added 160,000 job positions […]
Read moreJanuary 6, 2025 9:28 am
Spot Gold edged lower on Monday due to likely profit-taking after last week’s 0.67% surge, as market focus sets on a slew of key US macro data releases for more guidance on the Federal Reserve’s interest rate trajectory. The ADP employment growth, job openings and the Non-Farm Payrolls reports this week may offer more insight […]
Read moreJanuary 3, 2025 10:34 am
Key Takeaways: European natural gas futures have surged to their highest level since October 2023, with prices climbing over 4% to €51 per megawatt-hour, after Russian gas flows to Europe via Ukraine stopped. The halt of Russian gas flows has exacerbated concerns about faster storage withdrawals, with European gas inventories already depleted at the fastest […]
Read moreDecember 19, 2024 9:32 am
Spot Gold recouped a part of the loss from the prior trading day on Thursday, with a likely technical correction being underway. The 4-hour RSI indicated oversold conditions for the precious metal in late Wednesday trade. The yellow metal lost over 2% yesterday, plunging as low as $2,583.91 per troy ounce, after the Federal Reserve […]
Read moreDecember 18, 2024 8:21 am
Spot Gold was holding within a tight trading range on Wednesday ahead of the outcome of the Federal Reserve’s two-day policy meeting. The Fed is widely expected to cut its federal funds rate target range by 25 basis points to 4.25%-4.50% later today. Fed Chair Jerome Powell said last month that strong US economic growth […]
Read moreDecember 12, 2024 8:02 am
Spot Gold was holding recent gains on Thursday, while trading in proximity to a fresh five-week high, after the latest US inflation data reinforced the case for a December rate cut by the Federal Reserve. Data showed yesterday that US annual CPI inflation had accelerated to 2.7% in November from 2.6% in October, in line […]
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