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 […]
Gold (XAU) Silver (XAG) Daily Forecast: Inflation Data Drives Safe-Haven Demand – FX Empire
Silver falls despite gold's resilience Silver (XAG/USD) struggled to keep pace with gold, trading around $30.96 after hitting an intraday low of $30.87. While geopolitical tensions and expectations for Fed rate cuts supported gold, silver remained more sensitive to changes in economic sentiment and market risk appetite, which contributed to the weak performance. Rising U.S. […]
Gold sticks to intraday gains; lacks bullish conviction amid elevated US bond yields – FXStreet
Gold prices are struggling to capitalize on modest intraday gains amid mixed fundamental indicators. Expectations that the Fed will ease its dovish stance and rising US Treasury yields are capping the rise in XAU/USD. Geopolitical risks, trade war concerns and expectations for Fed rate cuts could support precious metals. Gold prices (XAU/USD) lost most of […]
Japan chooses ‘gold’ as kanji of the year in nod to Olympics glory – and slush fund politics | Japan
Kanji is relatives The word, which means gold or money, was chosen as Japan's word of the year, reflecting Japan's medal win at the Paris Olympics and the damaging financial scandal within the ruling party. A single character that can also be read as: Kane (Money) was unveiled this week at Kyoto's Kiyomizu-dera Temple, where […]
Gold Price Forecast: XAU/USD attracts some buyers to near $2,700, traders brace for Fed rate decision – FXStreet
Gold prices rebounded to around $2,690 in Friday's Asian session, up 42% on the day. Gold demand and geopolitical risks are likely to support gold prices. The Fed's cautious stance due to President Trump's tariff policy could put pressure on USD-denominated gold. Gold prices (XAU/USD) regained some ground during Friday's Asian trading hours to around […]
Gold (XAU) Silver (XAG) Daily News: Fed Rate Cuts and Inflation Boost Precious Metals – FX Empire
U.S. Treasury yields rose to their highest level in two weeks, signaling market expectations for inflationary pressure from fiscal policy. Despite gold's appeal as a hedge, its performance remains under pressure from rising bond yields and the dollar's recent monthly high. Silver outperforms gold due to demand for safe haven Silver (XAG/USD) is gaining momentum […]
Gold price in India: Rates on December 12 – FXStreet
Gold prices in India remained almost flat on Thursday, according to data compiled by FXStreet. Gold price was almost stable at INR 7,408.53 per gram compared to INR 7,414.59 on Wednesday. Gold prices were almost stable at Rs 86,411.06 per tola from Rs 86,481.71 per tola the previous day. unit measurement Gold price in INR […]