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Gold looks to build on gains above $4,200 on USD stays weak ahead of US PCE
Gold (XAU/USD) attracts some buyers for the second straight day on Wednesday, with bulls now awaiting sustained strength and acceptance above the $4,200 mark before positioning for an extension of the recovery from an eight-week low, touched earlier this week.
Gold rebounds from eight-week low as traders weigh Fed rate path
Gold price (XAU/USD) rebounds from an eight-week low to near $4,180 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited as oil-driven inflation reinforced expectations of tighter monetary policy by the US Federal Reserve (Fed).Â
Gold springs from $4,110 as Oil rout eases inflation heat
Gold (XAU/USD) price registers solid gains of over 1.30% on Tuesday despite hawkish rhetoric from Federal Reserve (Fed) officials, after hitting a multi-week low near $4,110 on Monday. The XAU/USD pair trades at $4,170 after bouncing off daily lows of $4,113.
Silver price retreats as rising US yields, Hormuz tensions bolster US Dollar
Silver (XAG/USD) retreats on Tuesday and trades around $60.75 at the time of writing, down 0.38% on the day.
Silver Price Forecasts: XAG/USD holds below $ 61.00 amid US Dollar strength
Silver (XAG/USD) remains practically flat on Tuesday, trading at its lowest levels in nearly two months on Tuesday, around $60.80, failing to find follow-through above $61.00 and on track for a 8.5% monthly selloff in September.
Gold steadies after sharp drop as traders assess Fed outlook, Middle East risks
Gold (XAU/USD) holds firm on Tuesday after suffering a sharp sell-off at the start of the week. The move appears to be a corrective bounce, as the broader narrative remains tied to expectations of further Federal Reserve (Fed) interest rate hikes.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $60.83 per troy ounce, down 0.24% from the $60.98 it cost on Monday.
Gold: Downside risks with key supports in focus – OCBC
Christopher Wong at OCBC notes Gold has extended its decline to a seven-week low, pressured by higher Oil prices, firm US Treasury yields and a stronger Dollar. The break below $4,200 has intensified technical selling, with near-term direction tied to Oil and rates.
Silver Price Forecast: XAG/USD recovery beyond $61.00 faces selling risk
Silver (XAG/USD) registers a modest recovery from the $60.30 area, or the lowest level since August 5, touched earlier this Tuesday, though it lacks follow-through.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Gold bulls seem hesitant as Fed hike bets, higher bond yields and bullish USD cap upside
Gold (XAU/USD) clings to modest recovery gains through the first half of the European session, albeit it lacks follow-through and remains below $4,150.
Silver Price Forecast: XAG/USD holds onto losses below $61 ahead of US Job Openings data
Silver price (XAG/USD) clings to Monday’s losses at around $60.70 during the Asian trading session on Tuesday. The white metal is under pressure as financial markets remain confident that the Federal Reserve (Fed) will deliver more interest rate hikes this year.
Silver Price Forecast: XAG/USD drops to near $60.50 amid surging oil, Treasury yields
Silver price (XAG/USD) continues to lose ground after registering over 5% losses in the previous day, trading around $60.60 per troy ounce during Asian hours on Tuesday. Non-yielding Silver price declined as ongoing uncertainty surrounding US-Iran negotiations kept oil prices elevated.