Gold price dives to over two-week low amid further USD recovery, ahead of US PCE data – FXStreet
Gold prices attract sellers for the second day in a row, amid wide strong US dollars. The risk-off mood and US bond yield slides do little to support precious metals. Traders are currently looking forward to the US PCE Price Index for meaningful driving forces. Gold prices (XAU/USD) are now low for the second day […]
America's appetite for gold is 'sucking' bullion out of other countries – CNBC
Osakawayne Studios |Moment |Getty Images Strong US demand for gold is to “suck” bullion from some countries as traders try to stockpile it before the Canadian and Mexican presidents' tariffs become high gear. New York vault has a “majority of gold,” Adrian Ashe, research director at Brion Vault, told CNBC. Data provided by the World […]
Gold Price Forecast: Bearish Reversal Triggered as Sellers Take Control – FX Empire
The next lower target is $2,813 The next downside is the three-week low of $2,813. However, given today's bearish momentum and decline, three-week lows could also fail as support if they fall below the main price level. Furthermore, below is the lowest expected 38.2% Fibonacci retracement at $2,813, which could indicate signs of support. Nevertheless, […]
Gold (XAU) Silver (XAG) Daily Forecast: Prelim GDP q/q and Jobless Claims Set Market Tone – FX Empire
Investors are currently keenly waiting for Friday's US Personal Consumption Expense (PCE) Price Index Report. This provides clues on inflation and affects the Federal Reserve's attitude towards interest rates. If the data shows cooling inflation, it could promote expectations for interest rate reductions and raise gold prices. Until then, gold could be traded within tough […]
Gold price trades with modest losses; holds above $2,900 amid rising trade tensions – FXStreet
As gold prices drop due to rising US bonds, USD can move away from months' lows. Trump's tariff plans and uncertainty about the fear of the trade war should serve as a tailwind for the Xau/USD pair. If the Fed cuts interest rates further this year, it could contribute to limiting the losses of yellow […]
Trump’s ‘gold card’ visa plan a boon for American economy, expert says
President Donald Trump's plan to provide “gold card” visas to wealthy immigrants is similar to the policies used in more than three dozen countries, but the US proposal comes with the highest price tag, experts told Fox News Digital. “What you're doing is that you bring in wealthy individuals, obviously job creators, consumers,” Anthony Esposito, […]
Traders are pouring into gold ETFs at record pace as trade and inflation worries grow – CNBC
I'm rushing for money on Wall Street. Investors gather at precious metals at a pace they have never seen before. Gold Exchange-Traded Funds last week saw a record high inflow (approximately $4.5 billion, led by SPDR Gold Shares ETF (GLD)), which caused about half of the inflow during stock market sales on Friday, leading to […]
Gold market analysis for February 26 – key intra-day price entry levels for active traders – Kitco NEWS
Jim Wykoff He has been involved in the stocks, finance and commodity markets for over 25 years. He was a financial journalist for FWN Newswire Service for many years. These include stints as a reporter on the commodity futures trading floors of Rough and Tumble in Chicago and New York. As a journalist, he has […]
Gold (XAU) Silver (XAG) Daily Forecast: Will Inflation Fears Drive Safe-Haven Demand? – FX Empire
In addition to market uncertainty, U.S. consumer confidence fell sharply from 105.3 to 105.3 in February, marking the sharpest decline since August 2021, according to the conference committee. This decline reflects a growing caution among American consumers, which could weaken economic growth and increase the demand for safe inventory assets like gold. Traders are also […]
The technical lines in the sand have shifted in gold – ForexLive
Gold has been in hot form since the beginning of this year, and has been profiting for eight consecutive weeks. This is the first week that winning streak is currently under threat, with gold falling 0.7% per week. It owes yesterday's drop and it's important to be aware of changes in the technical line while […]