⚡️ The XAU/USD saw ongoing losses accelerate through Friday trading, dipping to $1,850.00 and continuing to churn out new lows for the day to cap off a trading week that has seen only losses for Gold. ⚡️ Gold spot prices are down almost 4% for the week and continuing to grind lower. The XAU/USD is in the red over 5% from the mid-September swing high just shy of...
⚡️Gold prices fell to a more than one-month low amid sustained USD buying and bets on Fed interest rate hikes. ⚡️Gold price drifts lower for the third straight day and drops to over a one-month trough. The Fed’s hawkish stance continues to underpin the USD and weigh on the commodity. A weaker risk tone fails to benefit the safe-haven XAU/USD or provide respite to...