Gold Price Forecast: Slides Below Key Support as Bearish Signals Intensify – FX Empire
A close below 2,605 confirms a bearish signal A daily close below the 2,605 support level would confirm today's bearish signal and put gold on track to test lower support levels before the correction is complete. Notice the parallel downtrend channels on the chart. A breakout above the high channel line was recently attempted, but […]
Gold price hits weekly low on US data, Fed decision looms – FXStreet
Gold prices hit weekly lows on strong US retail sales that dampen hopes for aggressive Fed easing next year. Despite falling US Treasury yields, strength in the US dollar is limiting gold's upside momentum. Investors will be closely watching the Fed's policy announcements and the release of the Core PCE Price Index. Gold prices fell […]
Gold prices tread water before central bank barrage – Investing.com
Investing.com — Asian trading on Tuesday as investors remain wary of metals markets ahead of a series of major central bank meetings this week, most notably the Federal Reserve's meeting There was little movement in the gold price. This week, the yellow metal fell into a holding pattern between $2,600 and $2,700 as traders bought […]
Gold price stays firm on Monday as market awaits FOMC meeting – FXStreet
Gold prices rose despite a slight rise in the US dollar following mixed PMI data. Investors are awaiting the Fed's rate decision and economic outlook, expecting a 25bps rate cut on Wednesday. Markets are speculating on the Fed's future monetary policy based on the possibility of inflationary pressure from Trump's policies. Gold prices rose slightly […]
Gold market analysis for December 16 – key intra-day price entry levels for active traders – Kitco NEWS
Jim Wyckoff He has been involved in the stock, financial and commodity markets for over 25 years. He was a financial journalist for the FWN Newswire Service for many years, including stints as a reporter in the rough-and-tumble commodity futures exchanges of Chicago and New York. As a journalist, he has covered every futures market […]
Gold (XAU) Silver (XAG) Daily Forecast: Safe-Haven Demand Drives Gold Stability – FX Empire
Gold rises as investors focus on Fed decision Gold is recovering from recent losses and regaining momentum as investors hedge against global uncertainty. The metal's safe-haven appeal is further strengthened by geopolitical tensions, including concerns about escalating conflict and potential disruption in key regions. Nevertheless, the Fed's cautious stance on future rate cuts is limiting […]
Gold Price Forecast: XAU/USD holds steady below $2,650 ahead of US PMI data – FXStreet
Gold prices are trading flat around $2,650 in early Asian session on Monday. Huge demand from central banks and safe-haven flows could support gold prices, but President Trump's tariff plans could cap the upside. Investors are bracing for preliminary US December PMI numbers to be released on Monday. Gold prices (XAU/USD) remained flat around $2,650 […]
Gold Forecast for 2025: Target Exceeds $3000 Amid Trump, Inflation, and Geopolitical Shifts – FX Empire
The chart above shows that the gold market broke out of a strong cup and handle pattern in 2024. This breakout took place after the bullish technical formation of the past few decades. The breakout in 2024 started a significant rally. The all-important breakout level was $2,075, and above this level opened the door to […]
Trump-backed candidate aiming to replace Matt Gaetz wants Florida to adopt gold and silver as legal tender
Florida Chief Financial Officer Jimmy Patronis Urged by President-elect Donald Trump to run in a special election to replace former Rep. Matt Gaetz in Florida's 1st Congressional District, he hopes to win so he can support the next commander-in-chief's policies. . Patronis said in an interview with Fox News Digital on Thursday that he is […]
Gold (XAU) Price Forecast: Rally or Pullback? Fed’s Rate Cut Outlook Holds the Key – FX Empire
Chairman Jerome Powell's post-meeting remarks and updated economic forecasts will be important. If the Fed only cuts rates modestly in 2025, gold's appeal could face headwinds as the opportunity cost of holding non-yielding assets becomes higher. Conversely, with multiple rate cuts expected, any signs of dovishness could reignite bullish momentum. Featured inflation and PCE data […]