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Gold retreats from three-month high to near $4,600 after US PCE data
Gold price (XAU/USD) falls to near $4,610 during the early Asian session on Thursday. The precious metal retreats from a three-month high as US inflation data came largely in line with expectations, increasing expectations of a Federal Reserve (Fed) interest-rate hike next month.Â
Gold tumbles as high US inflation supports Fed hawkish bets
Gold (XAU/USD) price drops over 1.37% on Wednesday as economic data from the United States (US) broadly aligned with estimates. Meanwhile, inflation remains close to the 4% threshold, increasing the likelihood of higher interest rates.
Silver Price Forecast: Buyers struggle below the 100-day SMA
Silver (XAG/USD) comes under selling pressure on Wednesday as the US Dollar (USD) strengthens following the latest United States (US) inflation data. At the time of writing, XAG/USD trades around $67.79, down nearly 1.26% on the day.
Gold slips as sticky US PCE inflation fails to boost Fed rate-hike expectations
Gold (XAU/USD) trades around $4,620 on Wednesday at the time of writing, down 0.83% on the day.
Gold stays under pressure as US Dollar firms after PCE data
Gold (XAU/USD) remains under pressure on Wednesday as the latest US inflation figures leave buyers reluctant to step back in. At the time of writing, XAU/USD trades around $4,618 after reaching $4,697 on Tuesday, its highest since May 14.
Gold Price Forecast: XAU/USD corrects to near $4,620 in countdown to US PCE Inflation data
Gold price (XAU/USD) is down 0.75% to near $4,620 during the European trading session on Wednesday.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $68.54 per troy ounce, down 0.16% from the $68.65 it cost on Tuesday.
Silver Price Forecast: XAG/USD bulls await break above $70.00 amid mixed setup
Silver (XAG/USD) continues its struggle to make it through the $70.00 psychological mark and extends its two-way price moves through the first half of the European session on Wednesday.
Silver Price Forecast: XAG/USD rises to near $69.00 ahead of US PCE inflation data
Silver price (XAG/USD) extends its gains for the second successive day, trading around $68.80 per troy ounce during the European hours on Wednesday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
Gold refreshes daily low, around $4,625 as USD sticks to modest gains ahead of US PCE
Gold (XAU/USD) touches a fresh daily low, around the $4,630-$4,625 region, during the first half of the European session on Wednesday, though the downside seems limited.
Gold advances above $4,650 on US Dollar weakness, Treasury bond buyback plans
Gold price (XAU/USD) rises to around $4,670, the highest since May 14, during the early Asian session on Wednesday. The precious metal extends the rally amid a weaker US Dollar (USD) and as the US Treasury’s bond buyback plans.
Silver Price Forecast: XAG/USD reclaims 100-day SMA, eyes $70
Silver (XAG/USD) price registers modest gains on Tuesday, after briefly breaching the 100-day Simple Moving Average (SMA) at $68.38, pushing the white metal to a three-day low of $67.43 before making a U-turn and turning bullish. The XAG/USD pair trades at $68.86, up 0.55%,