Gold price rallied for the third consecutive day after the Israel-Iran conflict erupted on Friday, triggering a risk-off mood in financial markets as fears that it could escalate loom. At the time of writing, XAU/USD trades at $3,422, up more than 1%.
The Gold price rose to $3,445 per troy ounce overnight in response to Israel's attacks on Iran, the highest level since the record high almost two months ago, Commerzbank's commodity analyst Carsten Fritsch notes.
In response to Israel's attacks on Iran, the price of Gold also jumped, albeit without reaching a new record high, Commerzbank's commodity analysts Barbara Lambrecht and Carsten Fritsch notes.
Gold resumes its upward trajectory after holding key support levels, now challenging recent highs with upside targets in sight, Société Générale's FX analysts note.
Gold price (XAU/USD) sticks to its bullish tone for the third consecutive day on Friday and trades close to its highest level since April 22 through the first half of the European session.
Oil prices have jumped almost 8 per cent, and gold added over 1.15 per cent this morning (Friday) after an Israeli strike on Iran that targeted nuclear facilities, ballistic missile factories, and ...
The Gold Price (XAU/USD) rises to over five-month highs near $3,425 during the Asian trading hours on Friday. Rising geopolitical tensions in the Middle East and rising bets on Federal Reserve (Fed) rate cuts provide some support to the precious metal.
Gold price rallies for the second straight day, shy of testing the $3,400 figure following the release of softer inflation and jobs data in the United States (US) as geopolitical tensions grow in the Middle East. The XAU/USD trades at $3,386 at the time of writing.
Gold price (XAU/USD) reverses an early European session slide to the $3,338 area and is currently placed in neutral territory, just below a one-week high touched this Wednesday.
Gold has overtaken the Euro (EUR) as the second-largest asset in the reserves of the world’s central banks, driven by record purchases and rising prices, according to the European Central Bank (ECB).
Straits Financial Services has expanded its technology partnership with Integral, extending operations to the SG1 data center in Singapore as it strengthens its presence in Asia’s fast-growing prec...
Gold prices posted modest gained over 0.97% on Wednesday as the latest inflation report in the United States (US) revealed that prices are cooling. Hence, investors increased their bets that the Federal Reserve (Fed) would resume its easing cycle in September. The XAU/USD trades at $3,363.
Despite mounting short-term pressure in Gold futures, algorithmic traders may only briefly trim positions before re-accumulating, with broader participation metrics suggesting a potential local bottom in prices, analysts say, TDS' Senior Commodity Strategist Daniel Ghali notes.
Gold prices are trading higher midweek as investors digest a softer-than-expected US Consumer Price Index (CPI) report for May, alongside renewed optimism surrounding US-China trade relations.
Brokers Still Paying the Price . The internet is full of so-called business gurus peddling solutions to the ‘being busy is no good if you can't get paid’ dilemma.
Gold price (XAU/USD) climbs to the top end of the weekly range during the first half of the European session on Wednesday amid a combination of supporting factors.
Gold price clings to modest gains on Tuesday after bouncing off a daily low near the $3,300 figure as talks between the United States (US) and China appear to be progressing well, improving risk appetite among investors who are driving US equities higher. The XAU/USD trades at $3,328, up 0.10%.
Gold prices are trading flat against the US Dollar on Tuesday, as markets weigh the improved US–China trade dialogue against rising geopolitical risks.
Gold (XAU/USD) has reversed course durub¡ng the European trading session on Tuesday, and is showing moderate gains, approaching resistance at $3,340 as the Dollar gives away gains with optimism about the outcome of the US-China meeting wearing off.seemsA mild enthusiasm on the back of the positive c
China’s central bank added Gold to its reserves for a seventh consecutive month in May. The People’s Bank of China added 60,000 troy ounces of Gold to its reserves last month, taking the total to 73.83 million troy ounces, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold price (XAU/USD) struggles to capitalize on its modest intraday bounce from the $3,300 neighborhood and remains below the overnight swing high through the first half of the European session on Tuesday.
The Gold price ( XAU/USD) posts modest gains to near $3,325 during the early Asian session on Tuesday, bolstered by a weaker US Dollar (USD). Investors await the ongoing US-China trade talks on Tuesday for fresh catalysts.
Gold prices posted solid gains on Monday as the US Dollar weakened during the North American session despite positive news regarding US-China trade talks. A retracement of US Treasury bond yields underpins the golden metal, which trades at $3,329 a troy ounce at the time of writing.
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