Gold Price Forecast: XAU/USD consolidates near record highs as Fed looms – FXStreet
XAU/USD Current Price: $2,572.12 The Federal Reserve is about to announce its decision on monetary policy. A 25 basis point cut is already priced in, but officials could still surprise the market. XAU/USD will likely turn lower in the short term and the Fed will determine the direction. Gold traded around $2,570 per troy ounce […]
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 […]