Gold Price Forecast: XAU/USD consolidates gains near fresh all-time highs – FXStreet
XAU/USD Current Price: $2,582.67 Investors are awaiting the Federal Reserve's announcement and its first interest rate cut in four years. U.S. Treasury yields fell to new annual lows, weighing on the US dollar. XAU/USD has retreated slightly from its all-time highs, but bullish potential remains. Gold prices hit a new record high of $2,589.50 per […]
Gold Price Forecast: XAU/USD holds positive ground above $2,550, focus on Fed rate decision – FXStreet
Gold prices were trading in positive territory around $2,580 in early Asian hours on Monday. Growing expectations of a Federal Reserve rate cut and persistent geopolitical risks continue to support gold prices. A slowdown in economic activity in China could put pressure on precious metals prices. Gold prices (XAU/USD) gained momentum around $2,580 in early […]
Silver (XAG) Forecast: Is Silver Set to Test $32.52 if the Fed Goes Big on Rate Cuts? – FX Empire
Inflation data and jobless claims trigger interest rate cut Several major U.S. economic reports released last week supported expectations of a Fed rate cut. The Consumer Price Index (CPI) rose 0.2% in August, in line with expectations. Core inflation rose 0.3%. The Producer Price Index (PPI) also rose 0.2%, reflecting easing inflationary pressures. Additionally, jobless […]
Gold (XAU) Price Forecast: Will a Super-Sized 50-bp Fed Rate Cut Push Gold to $2,600? – FX Empire
US Dollar and Bond Yields Support Gold Rise Despite the rise in gold prices, the US Dollar Index rose slightly this week, closing at 101.114, up 0.07%. However, expectations of future interest rate cuts have kept the dollar's momentum in check, and gold prices have held steady. Additionally, bond yields have fallen, with the 10-year […]
Gold Price Forecast: Targets $2,600 Amid Strong Momentum and Bullish Breakout – FX Empire
The next target zone is 2,594 to 2,605 There are two patterns that point to a target zone of 2,594 to 2,605. The first price level marks the completion of an ascending ABCD pattern (purple) that started from the June swing low and extended by a 127.2% percentage. Secondly, the second level of the range […]
Gold Price Forecast: Faces Key Resistance at 2,529 Amid Consolidation Battle – FX Empire
An ascending triangle is forming There appear to be two ways to look at the recent tight consolidation pattern: as a rectangle, or as an ascending triangle pattern developing within the rectangle. If the triangle comes into play, a sharp upward breakout above 2,532 could occur. If the integrity of the triangle holds, a breakout […]
UK economy continues to flatline, confounding forecast of growth – business live | Business
Main Events Show only important events Please enable JavaScript to use this feature Services activity rose 0.1% following a 0.1% decline in June but failed to show the stronger recovery expected, while industrial production fell 0.8%. Construction production fell 0.4% in July. The services sector grew by 0.6% in the three months to July. The […]
Gold (XAU) Daily Forecast: Key Support at $2,500 Holds as Fed Rate Cut Speculation Fades – FX Empire
The US Dollar Index (DXY), which tracks the dollar's relative value against a basket of major currencies, is approaching last week's monthly high, reducing gold's appeal as a non-yielding asset. Strong dollar and Fed interest rate expectations weigh on gold prices The recent rise in the US dollar has contributed to gold's decline as hopes […]
Gold (XAU) Price Forecast: US Inflation Report to Decide Gold’s Next Move – FX Empire
Daily US Dollar Index (DXY)Gold prices fell slightly as the US Dollar Index (DXY) rose 0.4%, making dollar-denominated gold less attractive to holders of other currencies. Investors are watching the dollar for a possible breakout from last week's high of 101.917, with a further upside target of 102.040. The dollar's strength reflects uncertainty about the […]
Silver (XAG) Forecast: Will the CPI Report Spark a Rebound in Silver Prices? – FX Empire
Daily Silver (XAG/USD)US jobs report causes uncertainty A major factor behind the decline in silver prices was mixed US labor market data, leaving traders uncertain about the Federal Reserve's (Fed) next move. The August nonfarm payrolls report showed employment increased by 142,000, below the expected 160,000, and July's figure was revised down to 89,000. Meanwhile, […]