Gold price hovers near record high, bulls seem unaffected by elevated US bond yields – FXStreet
Gold prices have regained positive traction following an overnight pullback from all-time highs. Political uncertainty in the US and tensions in the Middle East are supporting the safe haven XAU/USD. The accommodative monetary policy environment remains supportive, offsetting the rise in US Treasury yields. Gold prices (XAU/USD) picked up some bullish buying during Asian trading […]
Gold price pauses its advance after hitting record high due to steep US yields – FXStreet
Gold fell 0.09%, just below its all-time high, as U.S. Treasury yields rose more than 10 basis points to 4.192%. Money continues to flow into safe havens amid hostilities in the Middle East and uncertainty in the U.S. election, where polls show a close race between Harris and Trump. Fed officials have signaled a gradual […]
GBP/USD Price Forecast: Bears have the upper hand while below 1.3135 confluence – FXStreet
GBP/USD fell slightly at the start of the new week as the US dollar rose modestly. The fundamental backdrop supports the outlook for further declines. A slide to 1.2960 confluence support looks like a clear possibility. The GBP/USD pair has struggled to capitalize on its two-day-old recovery move from the 1.2975 area, a nearly two-month […]
Gold price in India: Rates on October 21 – FXStreet
Gold prices in India rose on Monday, according to data compiled by FXStreet. Gold price rose to INR 7,381.28 per gram compared to INR 7,356.14 on Friday. Gold price rose to Rs 86,096.29 per tola from Friday's Rs 85,800.59 per tola. unit measurement Gold price in INR 1 gram 7,381.28 10 grams 73,813.05 tiger 86,096.29 […]
GBP/USD consolidates around mid-1.3000s, seems vulnerable amid bullish USD – FXStreet
GBP/USD remains close to its one-month low hit last week, with the US dollar gaining strength. Bets that the Fed's policy easing will be less aggressive and geopolitical risks are supporting gains. Expectations that the central bank's rate cutting cycle will accelerate have weighed on the pound, favoring the bears. The GBP/USD pair has struggled […]
Gold Price Forecast: XAU/USD hits another record high above $2,700 – FXStreet
Gold prices gained momentum to near $2,720 in early Asian time on Monday. Uncertainty and geopolitical risks surrounding the US election have increased demand for safe-haven assets such as gold. Concerns about China's economic slowdown could weigh on XAU/USD. Gold prices (XAU/USD) expanded to around $2,720 in early Asian time on Monday. Tensions in the […]
US Dollar declines as market awaits Fed signals – FXStreet
The US dollar fell on Friday due to profit-taking. Fed speakers are scheduled to comment on monetary policy on Friday, which could set the pace for the rest of the session. US housing statistics show a decline in building permits and housing starts. The U.S. Dollar Index (DXY), which measures the value of the U.S. […]
Gold price in India: Rates on October 18 – FXStreet
Gold prices rose in India on Friday, according to data compiled by FXStreet. Gold price rose to INR 7,324.40 per gram compared to INR 7,278.58 on Thursday. Gold price rose to Rs 85,430.94 per tola from Rs 84,895.98 a day earlier. unit measurement Gold price in INR 1 gram 7,324.40 10 grams 73,244.50 tiger 85,430.94 […]
Australian Dollar defends position due to hawkish sentiment surrounding the RBA – FXStreet
The Australian dollar has strengthened as strong employment data makes it less likely that the Reserve Bank of Australia will cut interest rates in 2024. In the third quarter, China's gross domestic product reported growth of 4.6% year-on-year (previously measured at 4.7%). Strong US retail sales data supported the US dollar and raised the possibility […]
USD/JPY Price Forecast: Rallies above 150.00 on strong US Dollar – FXStreet
The USD/JPY exchange rate remained at 150.21, extending its rise for the second consecutive day on the back of rising US bond yields. The RSI is gaining bullish momentum, suggesting that the pair is approaching a key resistance level above the Ichimoku cloud (Kumo). The next resistance levels include the 100-DMA at 150.85 and the […]