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Gold sits near two-month top, above $4,400 as traders eye US CPI for Fed cues
Gold (XAU/USD) maintains its bid tone above the $4,400 mark through the first half of the European session and remains close to the highest level since June 5, touched on Tuesday.
Silver Price Forecast: XAG pullback puts $63.50 in focus
Silver price reverses its course, drops some 2.70% on Tuesday, even though US Treasury yields and the Greenback remained steady, amid news that if the US does not comply with Iran’s demands, the Strait of Hormuz would remain closed. The XAG/USD trades at $64.77, after hitting a daily high of $66.49.
Gold eases amid firm US Dollar as CPI and Hormuz risks loom
Gold (XAU/USD) price registers modest losses on Tuesday, driven by a firm US Dollar as traders await the release of crucial US inflation data and the potential reopening of the Strait of Hormuz. The rise in energy prices is also capping the yellow metal´s advance.
Gold: ETF inflows and sceptical outlook – Commerzbank
Commerzbank’s Carsten Fritsch notes Gold breaking above USD 4,400 per ounce despite a sharp Oil rally, with Fed rate expectations only modestly higher after weak US labour data.
Silver retreats toward $65.00 as Oil rebound revives inflation concerns
Silver (XAG/USD) extends its correction on Tuesday and trades around $65.05 at the time of writing, down 2.31% on the day.
Gold pauses near two-month high as Oil swings shape Fed outlook
Gold (XAU/USD) pauses its rally on Tuesday after hitting a two-month high of $4,435 earlier in Asian trading hours. Price action remains driven by movements in Oil prices and their impact on the Federal Reserve’s (Fed) interest-rate outlook.
Gold Price Forecast: Rally hits pause near $4,440 with US CPI in focus
Gold price (XAU/USD) trades 0.26% lower at around $4,380 during the European trading session on Tuesday.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.78 per troy ounce, down 2.72% from the $66.59 it cost on Monday.
Silver Price Forecasts: XAG/USD corrects lower from $67.00 resistance area
Silver (XAG/USD) trades lower on Tuesday, retreating to levels below $64.50, after rejection at seven-week highs around $66.60 on Monday.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Gold retreats further from two-month high, eyes $4,350 as Fed rate hike bets support USD
Gold (XAU/USD) extends its intraday retracement slide from the highest level since June 5 and drops to a fresh daily low, near the $4,350 area during the first half of the European session on Tuesday.
Silver Price Forecast: XAG/USD holds losses near $66.00 on Fed hike fears, oil surge
Silver price (XAG/USD) depreciates after two days of gains, trading around $66.00 per troy ounce during the Asian hours on Tuesday. The price of non-yielding Silver has taken a hit recently as rising oil prices spark renewed inflation fears and heighten expectations for interest rate hikes.
Silver Price Forecast: XAG/USD extends rally and eyes $69
Silver (XAG/USD) price climbs over 3% on Monday even though US Treasury yields rose, with the white metal refreshing seven-week highs at $66.07. At the time of writing, XAG/USD trades at $65.76 with buyers eyeing key resistance levels.