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Tag: Gold

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 […]

Gold (XAU) Price Forecast: US Inflation Report to Decide Gold’s Next Move – FX Empire

Daily US Dollar Index (DXY)Gold prices fell slightly as the US Dollar Index (DXY) rose 0.4%, making dollar-denominated gold less attractive to holders of other currencies. Investors are watching the dollar for a possible breakout from last week's high of 101.917, with a further upside target of 102.040. The dollar's strength reflects uncertainty about the […]

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) […]

Gold Star Families Want Biden Admin to Issue Apology

During the interview Breitbart News SaturdayRep. Mike Walz (R-Fla.) said Gold Star families who lost loved ones during the Biden administration's Afghanistan withdrawal want to hear the administration acknowledge “it did something wrong.” Waltz was speaking about how following the incident at Arlington National Cemetery, where former President Donald Trump was memorializing 13 U.S. service […]

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, […]

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 […]

Gold Star families roast Kamala Harris: ‘Where were you?’

Former President Donald Trump attended a private ceremony at Arlington National Cemetery last weekend, along with three family members of fallen soldiers, to pay tribute to the 13 service members who died during the failed Afghanistan withdrawal attempt three years ago. While Trump was honoring their lives, President Joe Biden was vacationing at the beach […]