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Gold price outlook uncertain as Powell stays hawkish in Jackson Hole

Gold price uncertain as Powell stays hawkish in Jackson Hole

Markets are uncertain as to what lies ahead for the gold price in 2023 following a hawkish speech by Fed chair Jerome Powell at the Jackson Hole summit.

Gold price retreats on US dollar strength

Gold price remains vulnerable amid growth fears and rising oil

On Wednesday, the gold price retreated to a one-week low on U.S. dollar strength and rising Treasury bond yields, which have put pressure on the safe-haven commodity.
Gold price forecast

Gold price forecast: XAU/USD retreats after US CPI report

gold-price-eases-following-release-hotter-expected-us-cpi-data
Gold price

Gold price under pressure after Fed rate pause

The gold price has extended losses for the third consecutive day, trading around $1925 following the Federal Reserve’s hawkish pause.
Gold price

Gold price forecast: Yields, dollar strength pressure gold

On Thursday, the gold price held below $1,880 per ounce, staying close to its lowest levels in over 6 months on pressure from the USD and U.S. bond yields.

Gold price

Gold price forecast: Yellow metal sinks below $1,850

The gold price slid below $1,880 per ounce on Monday — its lowest levels in over 6 months on pressure from a “higher for longer” U.S. interest rate scenario.
Gold price

Gold price: XAU up on safe-haven appeal amid Israel-Hamas war

The gold price rose 1% in Monday trading as investors flocked to safe-haven assets amid the escalating war in Israel.
Gold price

Gold price: Yellow metal firms, USD dips on dovish Fed cues

Gold prices firmed as the dollar weakened on Wednesday, following cues from Fed officials indicating a potentially lower need for further rate hikes.
Gold price

Gold price dips to $1,920, Israel-Hamas war to limit losses

The gold price dipped to $1,920 on Monday, with many analysts seeing bullish potential for the metal on risk-off sentiments linked to the Israel-Hamas war.
Gold price

Gold price firm as Israel holds off Gaza ground invasion

The gold price briefly dipped on Monday after hitting close to four-month highs last week.
Gold price

Gold price holds steady ahead of Fed meeting

The gold price held steady in trading on Tuesday, just ahead of the U.S. Federal Reserve’s monetary policy meeting.
Gold price

Gold price slides ahead of Fed Chair Powell's speech

The gold price held below $1,970 an ounce on Wednesday, remaining under pressure from a rising dollar as investors looked ahead to Fed Chair Powell's speeches.
Gold price

Fed comments leave gold price at three-week lows

The gold price held below $1,940 an ounce on Monday — its lowest level in over three weeks — under pressure from rising yields and a stronger USD.
Gold price.

Gold price retreats as markets wait for Fed minutes

The price of gold saw a decline on Monday, influenced by an uptick in U.S. Treasury yields. Investors are eagerly awaiting the release of the minutes from the Federal Reserve's recent meeting.

Gold price tops $2,000, highest close since July in sight

Gold futures rose on Tuesday, surpassing $2,000 per ounce and heading for their highest close since late July.
Gold price

Gold price set for 3rd week of gains on Fed cut bets

Gold prices were poised for a third consecutive weekly increase following data indicating a slowdown in inflation, raising expectations of potential interest rate cuts by the U.S. Federal Reserve (Fed). Investors will be closely watching Fed Chair Jerome Powell's speech on Friday for cues about the central bank’s monetary policy stance.
Gold price

Gold price drifts higher ahead of key U.S. CPI print

After reaching a three-week low in the previous session, gold prices experienced an upturn on Tuesday, buoyed by a weaker dollar in anticipation of crucial U.S. inflation data and major central bank policy meetings that could offer insights into interest rates.

Gold Bars

Gold price forecasts see yellow metal well-supported in 2024

Despite the challenges posed by high U.S. Treasury yields and a strong dollar, the price of gold showed resilience throughout last year. The commodity rose over 20% to a record high of $2,135 in 2023.

Gold Nugget

Middle East tensions, rate cut bets drive gold price higher

The price of gold saw an increase on Monday, rising for the third straight session on heightened safe-haven demand amid Middle East tensions and market speculations of an earlier-than-expected interest rate cut by the Federal Reserve.
Gold prices set for best week since December 2023 as investors eye U.S. NFPs

Gold price eyes best week since December with NFPs in focus

Gold prices remained stable on Friday, with market participants awaiting the release of U.S. non-farm payrolls data, which could provide insights into the Federal Reserve's timeline for potential rate reductions. Despite a slight decline, gold is on track for its largest weekly gain since December.

Gold price rallies to new record highs as Fed signals three cuts in 2024

Fed rate cut view sends gold price to record highs in March

Gold prices hit record highs for the fifth time this month on Thursday, after the U.S. Federal Reserve signaled its intention to implement three interest rate cuts in 2024, despite persistently high inflation.
Gold price gains ahead of US PCE inflation release

Gold price gains as focus turns to US inflation data

Gold prices edged higher on Monday as investors reassessed the likelihood of US interest rate cuts ahead of a key inflation report due later this week.

gold bars

Gold Price Remains Sensitive to Fed Rate-cut Path

Why Is Gold So Valuable? (1) safe-haven asset Gold has always been a highly prized metal, and it is considered a safe investment.

Spot gold rallies above $2,470 per ounce

The gold market is rallying after the latest data shows U.S. producers saw an easing in price pressures last month.

Spot Gold hits record high, surpasses $2,500

Spot gold topped $2,500 an ounce for the first time, bolstered by hopes that the US Federal Reserve is edging closer to cutting interest rates.

Gold prices fell ahead of US inflation data

Gold prices fell 1% on Monday on profit-taking, as investors looked forward to key inflation figures this week for clues on the U.S. interest rate cuts this year.

This round of gold's rise is unlike any other! Is a "perfect storm" brewing?

Gold futures continue to set historic highs, with prices reaching $2,555.20 per ounce on Monday, making a 400-ounce gold bar worth $1,022,080.

The U.S. Q2 GDP was unexpectedly revised upwards, causing gold to plunge $10

The U.S. Q2 GDP was unexpectedly revised upwards, causing gold to plunge Data released by the U.S. government on Thursday showed that, driven by strong consumer spending and business investment, the U.S. economy grew at a healthy annual rate of 3% last quarter, faster than the initial estimate.

Gold Falls 0.50%, Silver Drops 2% as Dollar Gains

Despite weak US PMI, gold and silver see significant drops, with gold down 0.50% and silver 2%.

Gold prices are up more than 22% this year

Callum Thomas, Founder of Topdown Charts, said that gold’s breakout rally this year, after years of consolidation, is a significant development. Gold prices are up more than 22% this year; December gold futures last traded at $2,543.80 an ounce.

Gold has become Range-Bound After Breaking Above $2500

The surge in gold of $51 on August 16 took gold futures well above $2500 per ounce for the first time in history.

Gold price is floating above $2,500 per ounce

The price of gold was trading at $2,500.38 per ounce as of 9 a.m. Eastern time today. That’s a +0.1% change from yesterday and an over +23.12% from a year ago.

Gold price stays resilient above $2,500 as inflation fears subside

Gold fell late in the North American session, down by 0.18%, after hitting a daily peak of $2,529. US inflation data prompted traders to cut longs in the non-yielding metal due to increasing odds that the Federal Reserve (Fed) will kick off its easing cycle with a 25-basis-point (bps) interest rate cut. The XAU/USD trades at $2,511.

Gold Rises to Record After Fed Makes First Rate Cut Since 2020

Gold pulled back from a record high after Federal Reserve Chairman Jerome Powell signaled policymakers aren’t in a rush to aggressively lower interest rates following Wednesday’s half percentage point cut by the US central bank.

Gold Price Surges to New High, Targets 2,661 and Beyond

Gold has surged to new heights, breaking past 2,605 and hitting 2,626. The bullish trend continues, with key target zones extending up to 2,724. Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further US interest rate cuts, and rising tensions in the Middle East.

Gold rises to fresh record before data that may offer Fed clues

Gold surged to a new all-time high as traders absorbed economic data and comments from policymakers, while anticipating a series of key economic reports that could provide insight into the potential extent of further monetary easing by the Federal Reserve.

Will gold be pushed above $2,700 an ounce this year?

After hitting record highs for the last six days, the gold market is taking a breather as it experiences some technical selling pressure heading into the weekend.

China's gold reserves steady despite gold record high

China has not made any gold purchases for the fifth consecutive month, as the surge in gold prices to new record highs has kept the world’s largest investor on the sidelines. Figures released Monday regarding China’s foreign reserves for September showed that gold reserves remained unchanged for the fifth month in a row at 72.8 million troy ounces.

Stocks climb, Bitcoin and gold slip ahead of Fed minutes

Stocks climbed higher on Wednesday while the ‘store of value’ assets, Bitcoin (BTC) and gold trended lower as the minutes from the Fed minutes showed that central bank representatives were mixed on the size of the recent interest rate cut.

Gold price lags behind as Bitcoin and stocks surge, Bitcoin price hits $66K

Gold was the odd asset out on Monday, while stocks and cryptos rallied higher to start the week as investors embraced a risk-on sentiment despite persistent concerns about the future of interest rate cuts amid ‘sticky’ inflation. Bitcoin tickers down $65,500 tagged $66,000 after the Oct. 14 Wall Street open as whale-buying pressure fueled already buoyant crypto markets.

Gold price hits fresh record high, over $2,700 mark

Gold prices climbed for the fourth consecutive day, reaching a new all-time high on Friday. Ongoing rate cuts from major central banks have been advantageous for non-yielding assets like XAU/USD. Additionally, tensions in the Middle East and uncertainty in US politics have further fueled demand for the commodity.

Commodity trading: gold prices might go higher despite US dollar strength

Despite the current strength of the U.S. dollar, gold prices are expected to rise, driven by increasing demand from Europe and China. In Europe, economic uncertainties and geopolitical tensions have spurred investors to seek safe-haven assets, leading to higher gold purchases.

Trading opportunities: prepare for market volatility during US election

As the 2024 US election approaches, market participants are bracing for increased volatility that could present unique trading opportunities. With a highly polarized political landscape and a range of pivotal issues at stake, the financial markets are likely to react sharply to developments in the electoral process.
US election impact on stocks

Mixed Global Stocks, Tesla Earnings Preview, and US Election on the Markets

Stocks are mixed at the open on Monday even as China cut lending rates and German producer prices fell.
Gold Hits Fresh Highs

European Markets Mixed as Treasury Yields Rise and Gold Hits Fresh Highs

European stock markets opened mixed on Tuesday, with the FTSE 100 down about half a percent and the DAX up by the same.
US debt

Paul Tudor Jones: Will the US Face a Minsky Moment?

“All roads lead to inflation...I’m long gold, long Bitcoin”   - Long gold has been the trade of the last year: +50% since October 7th 2023; Long BTC +65% or so this year.

Gold Prices Holds Steady at Historic Highs Amid Global Uncertainties

Gold prices remain remarkably resilient, hovering near record levels as various factors bolster the precious metal's reputation as a leading safe-haven asset. The December futures contract closed at $2,754.70, holding onto most of its gains after achieving an all-time closing high.

Gold price hits record high on US election uncertainty, geopolitical risks

During the Asian session on Wednesday, gold prices (XAU/USD) surged to a new record high as uncertainties surrounding the US presidential election and the ongoing conflict in the Middle East drive demand for safe-haven assets.
Rising gold prices

Gold Shines, Bitcoin Surges, and Nvidia Earnings in Focus

Gold is firmer for a second day as the dollar retreats on slightly softer Treasury yields. Bitcoin is firming up above $91k.

Gold price today: gold holds two-day decline ahead of Fed rate cut

Gold price today, gold held a two-day drop ahead of the Fed rate cut decision of the year, with traders also weighing the policy outlook for 2025.

Gold price today: Gold Near 4-Week High Amid Soft US Employment Data

Gold price today, gold prices are hovering near a four-week high today, buoyed by recent soft employment data from the United States.
Gold price graph

Morning Note: PPI Pressures USD, Eyes on CPI for Fed's Next Move

The recently released cooler-than-expected Producer Price Index (PPI) data has put pressure on the U.S. dollar and benefitted gold, as lower inflation might prompt the Fed to cut rates sooner.
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