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Silver Price Forecast: XAG hits fresh YTD low, bears eye $54 breakdown
Silver price recovered some ground on Friday, up 0.84%, but it is poised to finish the week down over 6.50%. At the time of writing, XAG/USD trades at $56.00 per troy ounce, after reaching a new year-to-date (YTD) low of $54.77.
United States CFTC Gold NC Net Positions fell from previous $194.2K to $186.7K
United States CFTC Gold NC Net Positions fell from previous $194.2K to $186.7K
Gold climbs as Iran war premium revives Fed hike risk
Gold edges higher by some 0.92% on Friday as the US-Iran conflict boosted energy prices, which ultimately drive inflation higher, increasing expectations that the Federal Reserve (Fed) might need to raise interest rates.
Gold: Rally stalls as Fed outlook stays hawkish – Commerzbank
Thu Lan Nguyen at Commerzbank notes that weaker United States (US inflation data briefly supported Gold, but the price has slipped back below USD 4,000 per troy ounce.
Gold trades below $4,000 as stronger US Dollar, hawkish Fed outlook weigh
Gold (XAU/USD) holds firm on Friday but lacks bullish momentum as rising Oil prices revive inflation concerns and reinforce expectations that the Federal Reserve (Fed) could raise interest rates later this year.
Gold Price Forecast: XAU/USD hovers below $4,000 with the YTD low at hand
Gold (XAU/USD) shows moderate gains on Friday, but remains close to the year-to-date lows, at the $3,940 area, with upside attempts capped below the $4,000 psychological level for now.
Silver price on track for weekly decline as Middle East tensions fuel rate-hike worries
Silver (XAG/USD) trades around $55.50 at the time of writing on Friday, virtually unchanged on the day, but remains on track to post a weekly loss of nearly 7%.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
Gold bulls seem hesitant as US-Iran tensions and Fed hike bets underpin USD
Gold (XAU/USD) struggles to capitalize on its modest intraday recovery beyond the $4,000 psychological mark and remains within striking distance of the monthly trough.
Silver Price Forecast: XAG/USD falls to near $55.50 amid interest rate concerns
Silver price (XAG/USD) remains subdued for the third successive day, trading around $55.50 per troy ounce during the Asian hours on Thursday. Silver is on track to drop over 7% this week as escalating Middle East tensions drive oil prices up.
Gold tumbles to eight-month low below $4,000 as Middle East tensions reinforce US rate hike bets
Gold price (XAU/USD) falls to near an eight-month low around $3,975 during the early Asian session on Friday. The precious metal extends its downside as rising tensions in the Middle East raise inflation concerns and reinforce expectations of elevated US interest rates.
Silver Price Forecast: XAG/USD tests the $55 floor as sellers retain control
Silver (XAG/USD) extends its decline on Thursday as the US Dollar (USD) rebounds and US Treasury yields stabilize following a two-day drop driven by softer-than-expected US inflation data. At the time of writing, XAG/USD trades around $55.75, down 3.50% on the day.
Gold loses track of $4,000, drops as Oil shock revives Fed bets
Gold price drops over 1.80% as tensions between the US and Iran fuel fears of a possible Oil supply disruption, driving energy prices higher and potentially triggering another round of inflation. The XAU/USD trades at $3,994.