The world gold price stood at $1,915, down $12 compared to the same hour last morning.
Rising bond yields have put downward pressure on gold. This morning, the yield on the US 10 Treasury note rose to 3.83%, increasing the opportunity cost of holding non-yielding assets like gold.
Experts forecast gold has a risk of falling to $ 1,900 / ounce in the short term...
Gold prices hit a three-month low in midday trading on Thursday in the US. Central banks are still focused on their monetary policies this weekend. This trend of falling prices is due to both reduced demand and the increasing attractiveness of government bonds as bond yields rise. In the end, gold for August dropped by $19 to $1,925.
The central bank of Norway...
The red flags have been mounting in gold for a few weeks now - and likely to no surprise to regular readers, my opinion continues to reflect caution; today, more so than over the last month.
The below daily chart shows the rejection at the prior upward trendline proving itself stiff. The $1930 spot is once again broken to the downside, and daily momentum looks on...
World gold prices stand at $1,947, a $10 decrease from yesterday morning. The question now is what will cause gold to break out of the trading range between $1,940 and $1,980, as last week's economic events failed to meet expectations.
The recovery of the USD has put pressure on gold. This morning, the US Dollar Index, which measures the fluctuation of the...
Gold prices could remain in neutral territory in the near term, unable to push to $2,000 an ounce as the marketplace sees lackluster bullish sentiment.
While gold prices are ending the week in neutral territory, bouncing from a three-month low following the Fed decision, analysts are not expecting to see any significant price action in the near term.
Need to get...
The current global gold price stands at $1,961, a strong increase of $26 compared to yesterday morning. After a sharp decline yesterday, gold has regained its position by rising significantly since last night. This has made experts more optimistic about gold, with forecasts that the precious metal will sustainably rise above $2,000.
Recently, experts from the...
Gold prices are preparing for another important event - the US Federal Reserve's (Fed) day. The rising yields of US Treasury bonds are causing the US dollar to weaken, allowing gold prices to rise slightly.
The US Bureau of Labor Statistics (BLS) reported on Tuesday that the US Consumer Price Index (CPI) increased by only 0.1% in the month, resulting in a sharp...
Gold prices continued to drop significantly this morning, with spot gold falling $13.4 to $1,943 and August futures trading at $1,956, down $14 from the previous day. This decline is due to reevaluation of rate expectations after the Fed's decision last week.
The latest inflation report shows a mixed outlook for the US. While the CPI index has dropped to a low of...
Gold prices fell during the midday trading session in the US on Monday due to a strong US dollar index, a sharp drop in crude oil prices, and an increase in US Treasury bond yields.
The market is relatively calm before the Federal Reserve's FOMC meeting, which will end on Wednesday with Chairman Powell's statement and press conference. Despite earlier...
Gold prices were lower during the midday trading session in the US on Monday. The trio of falling external markets - a stronger US dollar index, a sharp drop in crude oil prices, and an increase in US Treasury bond yields - are putting pressure on the precious metal today. The market is relatively calm ahead of the US central bank's monetary policy meeting and...
Gold prices on June 12 stood at $1,956, a slight decrease of $4 from the previous week's close. While market sentiment towards gold remains optimistic ahead of the Fed's monetary policy meeting, experts warn investors not to expect prices to exceed $2,000 this week.
Due to market volatility, investors should wait for a strong breakthrough in gold prices before...
Gold has found strong short-term support between $1,932-$1,940 and has been testing it for the past two weeks. The current spot price of gold is at $1960 and is trying to break through the 20-day moving average, which has affected the precious metal in the previous month. The upcoming week's schedule will determine the short-term future of gold.
Retail trader...
Gold prices rose due to a decrease in the USD, but investors remain cautious about the Fed's interest rate strategy and other economic signals. However, gold prices are still close to their lowest level of the previous session as investors wait for signals from the Fed before making investment decisions. The USD Index decreased by 0.2%, providing support for the...
The Federal Reserve's upcoming FOMC meeting may result in a temporary pause in raising interest rates for the first time in 10 meetings. However, inflation remains high and has increased further, as shown in the latest PCE report.
The US economy created 339,000 new jobs in May, but the unemployment rate rose to 3.7%. The Congressional Budget Office predicts that...
Gold prices fell during Wednesday's midday trading in the US due to weak economic data from China, suggesting a global economic slowdown that could reduce demand for the precious metal.
The increase in US Treasury bond yields also had a negative impact on safe-haven metals. China's exports have declined more than expected, falling 7.5% in May compared to the...
Gold prices were steady during midday trading on Tuesday in the US, with a slight increase of $5.10 to $1,979 per ounce due to some light safe-haven demand. The demand was caused by news of a dam and a large power plant explosion in Ukraine, which has raised concerns about crop and food damage.
This situation is seen as a significant escalation in the...
Gold prices are currently at $1,965, a slight increase of $6 from yesterday. If the support level below $1,950 is broken, the precious metal may drop sharply to $1,880.
Last month, gold dropped below $2,000 due to the relatively healthy economic sentiment that continues to support the Fed's positive monetary policy stance. However, in recent weeks, gold has held...
