Gold price in India: Rates on September 10 – FXStreet
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. Gold price was at INR 6,752.67 per gram, down as compared to INR 6,766.24 on Monday. Gold prices fell to INR 78,761.77 per tola from INR 78,920.15 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,752.67 […]
Gold surges above $2,500 ahead of US CPI as Fed rate cut looms – FXStreet
Gold is rising despite the general strength of the US dollar, as traders focus on the upcoming release of the US Consumer Price Index (CPI). The CME FedWatch tool indicates a 73% probability of a 25 bps rate cut by the Fed, a change from previous speculation of a 50 bps cut. Treasury yields are […]
EUR/USD slumps as Fed seems to cut interest rates gradually – FXStreet
EUR/USD fell below 1.1050 as the US Dollar strengthened on expectations that the Federal Reserve will opt for a small interest rate cut this month. Investors are awaiting the US Consumer Price Index (CPI) on Wednesday for new guidance on interest rates. The ECB is expected to cut interest rates this week. EUR/USD is trading […]
Gold price consolidates below $2,500 mark, bullish potential seems intact – FXStreet
Gold prices have stopped a retracement decline from near their all-time highs following the NFP release. Diminishing expectations of a significant interest rate cut by the Federal Reserve (Fed) are supporting the US dollar and acting as a headwind. Concerns about a US economic slowdown and geopolitical tensions are providing some support. Gold prices (XAU/USD) […]
USD/JPY rises to near 143.00 following lower-than-expected Japan GDP data – FXStreet
USD/JPY snapped a four-day losing streak following weak Japanese GDP data on Monday. Friday's U.S. labor data reduced the chances of a bold Fed interest rate cut in September. The CME FedWatch tool suggests the probability of a 50 basis point Fed rate cut has slightly decreased to 29.0%. USD/JPY halted a four-day losing streak […]
Gold retreats from near record high as Fed rate cut speculation grows – FXStreet
Gold failed to break above the resistance of $2,531 and fell to close at $2,493 amid growing expectations of a Fed interest rate cut. U.S. nonfarm payrolls came in weaker than expected, but improving numbers and rising hourly wages raised uncertainty around a 25 or 50 basis point cut. Despite the decline in Treasury yields, […]
EUR/USD Price Forecast: Two-day uptrend pauses near 50% Fibo., looks to US NFP for fresh impetus – FXStreet
EUR/USD is consolidating gains from Tuesday's over two-week lows. Investors are eagerly awaiting details of the U.S. jobs report before placing any new directional bets. This setup favors bullish traders and boosts the prospects of further upside. The EUR/USD pair struggled to capitalize on the gains recorded over the past two days and fluctuated within […]
Gold price bulls turn cautious near $2,525 hurdle, ahead of US NFP report – FXStreet
Gold prices continue to find support from a US dollar selling bias due to the dovish Fed stance. Concerns over a U.S. economic recession are further pushing down the price of safe-haven gold. Traders are being cautious ahead of the release of key U.S. employment data. Gold prices (XAU/USD) surged Thursday, approaching the $2,524-2,525 supply […]
GBP/USD Price Forecast: Tumbles below 1.3200 as US Dollar recovers – FXStreet
Momentum in GBP/USD is in favor of sellers and they may target the July 17th high of 1.3043. Any further declines could result in a test of 1.3043. The next major support is the March 8th high at 1.2893. For an upside reversal to occur, buyers would need to push the pair above 1.3200 and […]
Silver Price Forecast: XAG/USD attracts some buyers above $29.00, focus on US GDP data – FXStreet
Silver prices rose to around $29.45 in the early morning European session on Thursday, up 1.03% from the previous day. Further weakening of the US dollar and continuing tensions in the Middle East are supporting silver prices. Investors are awaiting the second estimate of U.S. second-quarter GDP growth on Thursday, ahead of the release of […]