Gold price rises ahead of US CPI data and first Harris/Trump presidential debate – FXStreet
As Treasury yields fall and the US dollar weakens, gold prices rise. Traders are awaiting US CPI data. The probability of a Fed rate cut is 67% for a 25bps cut and 33% for a 50bps cut. The focus now shifts to the first US presidential debate, which could influence pre-election market sentiment. Gold prices […]
Congressional Gold Medals for 13 service members killed in Kabul
Congress on Tuesday posthumously bestowed its highest honor on 13 U.S. soldiers killed in a bomb attack at Kabul's airport during America's disastrous withdrawal from Afghanistan. Lawmakers gathered in the Capitol Rotunda alongside tearful relatives of fallen heroes for the awards ceremony, which came on the heels of a scathing House report on the withdrawal […]
Gold market analysis for September 10 – key intra-day price entry levels for active traders – Kitco NEWS
Jim Wyckoff I have over 25 years of experience covering the stock, financial and commodity markets. I was a financial journalist for FWN Newswire Services for many years and have also worked as a reporter on the active commodity futures trading floors in Chicago and New York. As a journalist, I have covered every futures […]
Afghanistan Gold Star father surprised by GOP report: ‘No more question’ on Biden’s failure
The father of a Marine killed during the U.S. troop withdrawal from Afghanistan expressed astonishment at the extent of the Biden administration's failures after a scathing House Republican report was released on Sunday. The 350-page report details numerous failures in the 2021 withdrawal of U.S. troops from Afghanistan, including the lack of an evacuation plan […]
Gold (XAU) Daily Forecast: Key Support at $2,500 Holds as Fed Rate Cut Speculation Fades – FX Empire
The US Dollar Index (DXY), which tracks the dollar's relative value against a basket of major currencies, is approaching last week's monthly high, reducing gold's appeal as a non-yielding asset. Strong dollar and Fed interest rate expectations weigh on gold prices The recent rise in the US dollar has contributed to gold's decline as hopes […]
Gold price in India: Rates on September 10 – FXStreet
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. Gold price was at INR 6,752.67 per gram, down as compared to INR 6,766.24 on Monday. Gold prices fell to INR 78,761.77 per tola from INR 78,920.15 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,752.67 […]
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 […]