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Gold struggles below $4,200 amid stronger US Dollar, US CPI in focus
Gold (XAU/USD) consolidates losses on Monday after reversing earlier gains as traders avoid taking large positions ahead of US inflation data due later this week, which could offer fresh cues on the Federal Reserve’s (Fed) next move.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $60.69 per troy ounce, down 0.22% from the $60.83 it cost on Friday.
Silver Price Forecast: XAG/USD remains below $61.00 following attacks on Riyadh’s airport
Silver price (XAG/USD) loses ground after registering over 2.5% gains in the previous trading day, remaining around $60.70 per troy ounce during European hours on Monday.
Gold sticks to modest losses, seems vulnerable below $4,200 on Fed hike bets, bullish USD
Gold (XAU/USD) extends its intraday retracement slide from a one-week high, hitting a fresh daily low around $4,170 during the early European session on Monday.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Gold drifts higher above $4,200 on surging ETF inflows, markets await US inflation data this week
Gold price (XAU/USD) gains ground to near $4,215 during the early Asian session on Monday. The precious metal extends the rally amid rising demand for bullion-backed exchange-traded funds and a weaker US Dollar (USD).
United States CFTC Gold NC Net Positions fell from previous $218.6K to $210.3K
United States CFTC Gold NC Net Positions fell from previous $218.6K to $210.3K
Silver Price Forecast: Bullish engulfing pattern puts $64 in sight
Silver (XAG/USD) price rallies over 2.80% on Friday as buyers buy the dip at $59.17, pushing the white metal above $60.00 to hit a two-day high of $61.19. At the time of writing, XAG/USD trades at $60.86.
Gold reclaims $4,200 as weak US sentiment revives bullion demand
Gold (XAU/USD) price advances more than 1.40% on Friday, capitaliszng on a dip in US Treasury yields and a softer Greenback, as recent US data suggests households are becoming pessimistic about the economy, while investors seem confident that the Federal Reserve (Fed) will stay pat on rates.
Gold: Short covering signals renewed bullish momentum - TD Securities
TD Securities’ Ryan McKay and Bart Melek highlight that CTAs (Commodity Trading Advisors) are covering Gold shorts, with positioning rising by around 7% of maximum historical size. They note renewed inflows into Chinese Gold ETFs after the holiday and continued global ETF demand.
Gold edges higher but remains capped in tight range as Dollar and yields rebound
Gold (XAU/USD) trades on the front foot on Friday but struggles to extend its advance as the US Dollar (USD) and US Treasury yields show signs of stabilisation following Thursday’s sharp pullback.
Gold Price Forecast: XAU/USD rallies to $4,200 as US yields retreat
Gold (XAU/USD) accelerates its recovery on Friday, favoured by a softer US Dollar, amid a moderate pullback in US yields.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $60.40 per troy ounce, up 2.06% from the $59.19 it cost on Thursday.