GOLD-Carrier

GOLD-Carrier Updated 

Gold price remains under some selling pressure for the second successive day on Tuesday – also marking the fifth day of a negative move in the previous six – and drops to a one-and-half-week low during the Asian session. The XAU/USD currently trades just below the 1,915 level, down over 0.10% for the day, and seems vulnerable to weaken further in the wake of...

GOLD-Carrier

The Fed has emphasized the importance of maintaining higher interest rates for an extended period to bring inflation back to its 2% target. This stance has raised market expectations for at least one more 25-basis-point rate hike by the end of the year. Additionally, the Fed's "dot plot" now indicates only two rate hikes in 2024, down from the previous projection...

GOLD-Carrier

It would be wise to wait for the next strong buying wave before placing new bets on the rise of XAU/USD. Market participants are currently anticipating the release of PMI flash prints, which will provide a fresh insight into the global economy's health. Conversely, this will impact market risk sentiment, leading to increased demand for traditional safe-haven...

GOLD-Carrier Updated 

Gold remains pressured around $1,925 on Fed's hawkish stance The price of gold continues to decline for the third day in a row, hovering around $1,925 during Asian trading hours on Thursday. As anticipated, the Federal Reserve (Fed) of the United States decided to keep the current benchmark policy rates unchanged at 5.5% during their meeting on Wednesday. ...

GOLD-Carrier Updated 

This narrative has helped US Treasury bond yields regain their upbeat momentum, with the benchmark 10-year Treasury yield sitting at the 16-yeat high of 4.3720%. The US Treasury bond yield rally could resume its uptrend on a hawkish Fed rate hike, extending the pullback in Gold price toward the $1,900 level. Conversely, Gold price could see a fresh upside toward...