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Gold holds firm above $4,600 as Warsh speech looms
Gold (XAU/USD) extended its gains on Thursday, up 0.17% as US jobs data was solid, while the US trade deficit widened. In the meantime, investors eye Fed Chair Warsh's speech, keeping the precious metal near familiar levels. The XAU/USD trades at $4,601 at the time of writing.
Silver charges toward $70, but Warsh could cool rally
Silver (XAG/USD) accelerates on Thursday and trades around $69.50 at the time of writing, up 2.74% on the day. The white metal is approaching the upper end of the range that has contained price action this week, as investors turn their attention to the Jackson Hole Symposium.
Silver Price Forecast: XAG/USD remains sideways near $68.50, Fed Warsh’s speech awaited
Silver price (XAG/USD) trades 0.35% higher to near $68.40 during the European trading session on Thursday, but is broadly sideways in a range between $67.35 and $70 this week.
Gold eases as traders await clearer signals on the Fed interest rate path
Gold (XAU/USD) remains on the back foot at the start of American trading hours on Thursday after reversing its earlier intraday gains. At the time of writing, XAU/USD trades around $4,577, after reaching an intraday high of $4,643.
Gold Price Forecast: XAU/USD hits lows sub-$4,600 as US inflation supports the Greenback
Gold (XAU/USD) is giving away the mild recovery seen during Thursday’s Asian session and pulls back below $4,600 during the European morning, as the US Dollar Index (DXY) consolidates above 99.00.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $68.39 per troy ounce, up 0.38% from the $68.13 it cost on Wednesday.
Silver Price Forecasts: XAG/USD remains bullish with dips capped above $67.40
Silver’s (XAG/USD) pullback from the $70.00 area found buyers above $67.40 on Thursday to trim losses and return to the mid-range of the $68.00s during the European morning session.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.
Gold holds steady around $4,600 as traders eye Fed's Warsh for rate cues
Gold (XAU/USD) languishes near the $4,600 mark through the first half of the European session on Thursday and remains close to the weekly low it touched the previous day.
Silver Price Forecast: XAG/USD holds above $69.00 as traders assess Fed stance
Silver price (XAG/USD) rises after posting losses in the previous day, trading around $69.10 per troy ounce during the Asian hours on Thursday. Investors are closely tuning into Federal Reserve (Fed) Chair Kevin Warsh’s upcoming speech at the annual Jackson Hole symposium on Friday.
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.