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Gold prices remain close to record highs as rate cut cheers persists – Investing.com

Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as a weaker dollar supported the precious metal amid growing expectations of a U.S. interest rate cut. Demand for safe haven metals also increased in the precious metals market following reports of a possible deterioration in trade relations between the United […]

Gold (XAU) Daily Forecast: Price Jumps to $2405; More Gains Ahead? – FX Empire

Gold prices (XAU/USD) started the week weakly and are currently trading around $2,405 after hitting an intraday low of $2,405. The decline in gold prices can be attributed to the strengthening of the US Dollar, which has gained momentum despite growing expectations of a Fed rate cut in September. Gold prices have been under pressure […]

Gold prices edge lower as dollar firms after Trump attack – Investing.com

Investing.com — Gold prices were slightly lower at the start of Asian trading on Monday, holding near record highs but seeing little boost in safe-haven demand following the alleged assassination attempt on former U.S. President Donald Trump. The dollar recovered some of its recent losses on Monday as safe-haven buying supported it amid growing political […]

Trump and allies thrilled with Biden press conference: ‘Too much gold not to use’

President Donald Trump’s campaign and his allies see Biden’s highly anticipated and scrutinized news conference as a win-win for the former president. “Biden appears to have done enough to convince his defenders that he should remain the nominee, while at the same time reaffirming what the American people know: their lives are hurting every day […]

Gold Price Forecast: Bullish Momentum Retained – FX Empire

Potential for an inside day bullish breakout The inside day sets up a potential upward breakout on the upside above today’s high. Thursday’s high was around 2,425, which is the next important level as a break above this would trigger a continuation of the uptrend. The hammer characteristic of the inside day indicates continued bullish […]

Gold prices steady above $2,400 as soft CPI data fuels rate cut bets – Investing.com

Investing.com — Gold prices were slightly lower in Asian markets on Friday but were still up sharply from the previous day’s trading after weaker-than-expected U.S. inflation data strengthened expectations of a rate cut in September. Gold prices benefited from a sharp drop in the dollar on Thursday, breaking through the closely watched $2,400 an ounce […]

Gold prices advance, rate cuts in focus as CPI data looms – Investing.com

Investing.com — Gold prices rose in Asian markets on Thursday, helped by a decline in the dollar and Treasury yields on growing expectations of a U.S. interest rate cut ahead of the release of a key inflation reading. Gold edged higher this week, buoyed by reports that emerging market central banks are stockpiling the metal, […]