Gold (XAU) Daily Forecast: US PCE Data Looms, XAU Steady Near Key $2,665 Support Level – FX Empire
Geopolitical tensions in the Middle East continue to support demand for safe-haven assets such as gold, but rising risk appetite and a strong dollar are limiting upside. However, expectations that the Fed will cut rates significantly in November are providing fundamental support for gold. Impact of US economic development and Fed expectations on gold prices […]
Gold price consolidates below record high as traders await US PCE Price Index – FXStreet
Gold prices hit new highs on Thursday on the back of dovish expectations from the Federal Reserve. Amid a risk-on mood and overbought conditions, modest gains in the US dollar are capping gains. Traders are now looking forward to the US PCE price index before betting on the direction. Gold prices (XAU/USD) fell during Asian […]
Archaeologist earns big at auction with sale of ancient gold and silver Roman coins
Discovering ancient treasure can mean a lot of money for the lucky finder. According to a press release from Noonan's Mayfair, the London auction house which handled the coins' sale, 34-year-old archaeologist George Ridgway discovered the collection of more than 680 gold and silver coins with a metal detector in September 2019. The coins were […]
Gold price stands tall near record high, overbought RSI warrants caution for bulls – FXStreet
Gold prices are supported by dovish Fed expectations and geopolitical tensions. The upbeat mood in the market does little to diminish the strong underlying bullish mood. Traders are awaiting speeches from Fed officials and U.S. PCE data for any new stimulus. Gold prices (XAU/USD) rose to around $2,664-2,665 on Tuesday, hitting yet another record high […]
Gold Star families rip Biden’s remarks about 13 killed in Afghan withdrawal: ‘No idea what he’s saying’
Families of 13 U.S. soldiers killed in the chaotic withdrawal from Afghanistan in August 2021 expressed disappointment as President Biden delivered a brief eulogy for them at the United Nations General Assembly on Tuesday. In what may be his final address to the United Nations, Biden, 81, defended the gaffe as “a difficult decision but […]
Gold News: Bullish Sentiment as Fed Cuts and Middle East Tensions Lift Prices – FX Empire
Technically speaking, traders should not complicate this trade. Simply put, “the trend is on your side.” If traders are buying at the lows, keep an eye on support. The first minor support level is at $2593.52, followed by the swing bottom at $2546.86 and the previous top at $2531.77. Major support is at the 50-day […]
Gold prices hit record high on rate cut cheer; copper rallies on China stimulus – Investing.com
Investing.com — Gold prices hit a record high in Asian markets on Tuesday, extending their recent upward trend amid continued optimism over U.S. interest rate cuts, with attention focused this week on further signs of things to come. Among industrial metals, copper prices surged after the Chinese government announced a series of stimulus measures, raising […]
Gold price consolidates near all-time peak, holds comfortably above $2,600 mark – FXStreet
Gold prices are taking a breather after soaring to a new all-time high on Monday. The fundamental backdrop is favorable for bullish trading and supports the prospects of further gains. Traders are now focusing on Friday's US PCE price index before determining direction. Gold prices (XAU/USD) remain slightly overbought on the daily chart on Tuesday, […]
Gold climbs to record highs as geopolitical risks boost safe-haven flows – FXStreet
Gold prices traded in positive territory in the early morning European session on Monday. Federal Reserve interest rate cuts and geopolitical risks in the Middle East continue to support precious metals. Renewed demand for the US Dollar may limit the upside of XAU/USD. Gold prices (XAU/USD) hit a record high on Monday, supported by a […]
Gold prices hit record high as rate cut cheer persists – Investing.com
Investing.com — Gold prices hit a record high in Asian markets, benefiting from continued support for lower U.S. interest rates, while rising uncertainty ahead of a series of signals this week also drove prices higher. Last week, precious metals surged to record highs after the Federal Reserve cut interest rates and have largely maintained that […]