Gold Price Forecast: Breaks Above $2,930, Eyes New Record Highs – FX Empire
Potential challenges of hitting a high of $2,956 A recent bearish retracement to the $2,833 swing donkey and subsequent rally could put gold in a strong position and break into new record highs. A new record of $2,956 was established in late February, and we saw the progress we have seen today. The first new […]
Gold (XAU) Silver (XAG) Daily Forecast: Can Gold Hold $2,900 as Fed Rate Cut Bets Rise? – FX Empire
“The uncertainty surrounding tariffs and the potential impact on global trade have strengthened the appeal of gold's safe haven,” said ANZ senior product strategist. The upcoming US Consumer Price Index (CPI) report is expected to offer further direction as it closely looks at inflation trends and the Fed's policy stance. As the dollar strengthens, silver […]
Kohl’s shares plunge 22% on weak sales forecast
Kohl was lower than forecast sales on Tuesday, and its new CEO warned that the turnaround would take “a certain time.” The decline in stocks has gotten back on track to the lowest range since the mid-1990s as investors panicked that slower spending could hit sector chains twice as hard as they were hit by […]
Delta Air Lines shares plunge after slashing profit forecast
Delta Air Line on Monday cut its first-quarter earnings estimates in half, reducing its stock by 14%, and CEO said the environment was weakened due to US economic uncertainty. The Atlanta-based airline is the first major US carrier to report that economic concerns among consumers and businesses are hurting domestic travel. “We saw businesses begin […]
Gold Price Forecast: XAU/USD holds above $2,900 amid global uncertainty, weaker US job data – FXStreet
Gold prices will be around $2,915 for early Asian sessions on Monday. Global uncertainty and Trump's tariff threat support gold prices. The weaker the February job report, the lower the USD drag. Gold Price (XAU/USD) attracts some buyers to around $2,915 during the early Asian session on Monday. The global uncertainty and the threat of […]
Gold (XAU) Silver (XAG) Daily Forecast: Traders Await NFP Report as Gold Tests Key Resistance – FX Empire
Silver will consolidate as rate cut expectations are built Silver (Xag/USD) is trading at $32.55, slightly above the session low of $32.43. The metals are confirmed, and support from the softer US dollars has increased speculation that the Federal Reserve will ease its policy in the coming months. However, concerns about global trade and suppressed […]
Silver Price Forecast: XAG/USD holds steady above mid-$32.00s, over one-week top – FXStreet
Silver will consolidate in scope as the Bulls choose to wait for the release of the US NFP report. The setup suggests that the path with the least resistance of Xau/USD is the advantage. The modified pullback is still considered an opportunity to purchase and remains limited. Silver (XAG/USD) vibrated in a narrow band during […]
US Dollar takes yet again another hit with ECB's hawkish rate cut and revises 2025 inflation forecast to the upside – FXStreet
The US dollar remains stuck in the backfoot and cannot recover against its main ally. ECB Lagarde supports the concern by saying that the ECB must be vigilant and prompt to act in any circumstances. The US dollar index has already lost more than 3% of its previous value this week. The US Dollar Index […]
Gold Price Forecast: Rebounds but Bearish Retracement May Resume Below $2,894 – FX Empire
Bounce to test pre-support as a resistor Following last week's new record high of $2,956, gold fell below the previous week's weekly low, causing an upward trend line and a breakdown of 20-day MA. Then last Friday we saw support at a pullback low of $2,833. The next rally was a three-day advance to Wednesday's […]
Gold (XAU) Silver (XAG) Daily Forecast: U.S. Tariffs and Market Volatility Impact Precious Metals – FX Empire
The US Dollar Index (DXY) rose to 104.20, rising to the highest level in two weeks, putting pressure on priced goods. Meanwhile, the US's 10-year financial yield rose to 4.35%, further reducing the appeal of gold. Despite market volatility, silver is stable Unlike gold, Silver (XAG/USD) showed resilience, trading at $31.68 with a daily high […]