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Gold slides as strong US PMI data gives Fed room to raise rates again
Gold (XAU/USD) trades on the back foot on Wednesday as expectations of further Federal Reserve (Fed) interest rate hikes lift the US Dollar (USD) and weigh on the non-yielding metal. At the time of writing, XAU/USD trades around $4,281 during American trading hours, down 1.75% on the day.
Gold Price Forecast: XAU/USD drifts toward $4.300 with bears gaining traction
Gold (XAU/USD) retraces Tuesday’s gains on Wednesday and drifts lower, approaching the $4,300 area as the US Dollar Index (DXY) rallies further amid high US Treasury yields.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $65.45 per troy ounce, down 2.42% from the $67.07 it cost on Tuesday.
Silver Price Forecasts: XAG/USD holds within range with bulls capped below $68.00 area
Silver (XAG/USD) has been capped just below the top of the last three weeks' trading range, at the $68.00 area on Wednesday, and pulled back to session lows below $66.50 during the Asian session.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold approaches $4,300 as Fed hike bets boost USD to fresh high since late July
Gold (XAU/USD) extends its steady intraday slide through the first half of the European session on Wednesday, reversing a part of the previous day's recovery from sub-$4,300 levels.
Silver Price Forecast: XAG/USD falls to near $66.50 as Fed signals further rate hikes
Silver price (XAG/USD) depreciates after registering gains the previous day, trading around $66.50 per troy ounce during Asian hours on Wednesday. Non-yielding Silver faces challenges due to the Federal Reserve's hawkish monetary policy outlook.
Gold recovers above $4,350 on US–Iran diplomacy hopes
Gold price (XAU/USD) rebounds to near $4,360 during the early Asian session on Wednesday. The precious metal edges higher amid hopes for diplomatic progress between the US and Iran.Â
Gold losses altitude as peace hopes meet hawkish Fed bets
Gold (XAU/USD) price retreats from daily highs of $4,376 on Tuesday as US Treasury yields rise and the US Dollar continues to strengthen, with investors pricing in further Federal Reserve (Fed) tightening towards year-end. At the time of writing, XAU/USD trades at $4,337, down 0.14%.
Silver edges lower as demand-led inflation keeps Fed tightening risks in focus
Silver (XAG/USD) declines 0.38% on Tuesday and trades around $65.85 at the time of writing.
Gold Price Forecast: XAU/USD approaches $4,300 after rejection at the $4,400 area
Gold (XAU/USD) trades lower for the second consecutive day on Tuesday, extending its decline to levels below $4,320 during the European session, as the recovery attempt from last week’s low was capped at $4,400.
Silver Price Forecast: XAG/USD plummets below $65 on higher-for-longer Fed interest rates narrative
Silver price (XAG/USD) is down 1.75% to near $64.85 during the European trading session on Tuesday. The white metal is under severe selling pressure as Federal Reserve (Fed) officials warn that strong demand is also fuelling upside inflation risks alongwith higher oil prices.
Silver Price Forecast: XAG/USD holds losses near $66.00 amid Fed rate hike bets
Silver price (XAG/USD) inches lower after opening at a bullish gap, trading around $66.00 per troy ounce during Asian hours on Tuesday.