Gold (XAU) Silver (XAG) Daily Forecast: CPI Data and Bond Yields Shape Market Trends – FX Empire
Core CPI excluding food and energy slowed to 3.2%, slightly higher than market expectations. The possibility of further Fed rate cuts could support gold later this year, but the current policy stance limits upside. US Treasury yields have fallen from 14-month highs, providing some relief to gold prices. Additionally, uncertainty surrounding global trade policy and […]
Gold (XAU) Silver (XAG) Daily Forecast: Will CPI Data Spark a Bullish Breakout? – FX Empire
Silver faces headwinds from hawkish Fed expectations Silver (XAG/USD) is trading around $29.84 after hitting an intraday low of $29.74. Like gold, silver is also under pressure from softer US inflation data and strong US employment data. Expectations of rising U.S. Treasury yields and tight monetary policy from the Federal Reserve continue to reduce silver's […]
Google search empire faces probe under new UK digital competition law
Google's online search empire is the target of a new investigation under Britain's sweeping new online antitrust laws, officials announced Tuesday. Britain's antitrust watchdog, the Competition and Markets Authority, is investigating whether Google has a “strategic market position”. The designation could subject the company to a crackdown under the country's Digital Markets, Competition and Consumers […]
Gold (XAU) Silver (XAG) Daily Forecast: U.S. Inflation Data Looms, Pivot Levels Hold Strong – FX Empire
Friday's solid US non-farm payrolls (NFP) report strengthened expectations for a narrower rate cut, provided support for the US dollar (USD) and kept bond yields stable. As a result, gold faces limited upside, but remains attractive as a safe haven amid fluctuating economic indicators. Silver follows gold’s rise even as yields fall Silver (XAG/USD) mirrored […]
Gold (XAU) Silver (XAG) Daily Forecast: Can Gold Stay Above $2,677 Pivot Amid Rising Treasury Yields? – FX Empire
Those strong numbers supported the dollar, which is hovering near two-year highs, and pushed up U.S. Treasury yields. As a result, non-yielding assets like gold are less attractive to investors. Despite these pressures, uncertainty surrounding the US economic outlook and global geopolitical tensions have not diminished gold's appeal as a safe-haven asset. Silver falls on […]
Silver (XAG) Forecast: Will Higher CPI Deliver the Final Blow to Bulls? – FX Empire
The market currently expects the Fed's next interest rate cut to be in June at the earliest, marking a change from the previous forecast for spring easing. Stronger-than-expected CPI growth could further delay this timeline and strengthen the dollar, weighing on silver prices. Support for industrial and safe haven demand offers Silver's industrial role continues […]
Gold (XAU) Price Forecast: Will Safe-Haven Flows Offset Rising Yields Ahead of CPI? – FX Empire
Daily US Treasury 10 Year YieldGold's rally bucked typical market behavior as the 10-year Treasury yield soared to 4.79% and the U.S. dollar hit a multi-year high. This situation typically puts pressure on gold as the opportunity cost is high and the price becomes unfavorable for non-dollar buyers. However, growing concerns about the U.S. fiscal […]
US Dollar Forecast: DXY Gains, EUR/USD Drops as U.S. Jobs Data Boosts Fed Pause Case – FX Empire
The index is holding steady above its 50-day moving average of 106.812, confirming a strong intermediate uptrend. The 200-day moving average of 104.557 provides long-term support. DXY rose 0.44% to 109.640, its highest since November 2022, and its sixth straight week of gains, the longest since 2023. Strong payroll data fuels dollar momentum The Labor […]
Gold News: Trump Policy Risks Drive Prices Higher Despite Treasury Yield Spike – FX Empire
Will strong jobs numbers force the Fed to keep interest rates on hold? Nonfarm payrolls exceeded expectations in December, increasing by 256,000 compared to economists' expectations of 160,000. The unemployment rate fell to 4.1% and average hourly wages increased by 0.3%. This strong performance made it less likely that the Fed would cut rates immediately, […]
Gold Price Forecast: On Track for Highest Weekly Close in Seven Weeks – FX Empire
trend line breakout The trendline appears to be recognized by the market, as gold is currently scheduled to close at or near the trendline resistance. This is the upper bound of a downtrend channel. Today's high was above the line, but signs of further trend strength are needed to indicate a near-term upside potential. A […]