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Gold Futures Rise as Powell Remains Cautious on Rate Cut Timing Federal Reserve Chairman Jerome Powell's recent testimony provided little insight into the timing of potential interest rate cuts, leading to a modest gain in gold futures. Powell's remarks, spanning two days of testimony, emphasized the Fed's data-dependent approach and the need for more evidence […]
Global gold ETFs see second consecutive month of inflows; North America still lags The gold market is starting to see a turn of fortunes as investment demand picked up in June, according to the latest report from the World Gold Council. On Tuesday, analysts from the World Gold Council reported that global gold-backed exchange-traded funds […]
Gold Prices Decline Amid Signs of Easing Inflation Gold futures experienced a sharp decline on Monday, shedding $34 to settle at $2,363.50 for the most active August contract. This drop came despite recent economic indicators suggesting a cooling inflation rate and a contracting U.S. economy—factors that typically support gold prices. The week ahead promises to […]
Gold investors eye $2,400 as market sees fewer barriers to the Fed’s easing cycle Gold investors eye $2,400 as market sees fewer barriers to the Fed’s easing cycle teaser image The gold market is ending the shortened holiday trading week with some fireworks as prices test resistance around $2,400 an ounce. Disappointing economic data, including […]
Wall Street sees green lights for gold next week; Main Street jumps back on the bullish bandwagon Gold finally shook itself out of its summer doldrums this week, as weak employment data helped the yellow metal rocket out of its recent holding pattern as it once again approached the $2400 price level. Spot gold opened […]
Precious metals should shine in H2 2024 based on seasonal trends, summer price gains should be strong – MKS PAMP Based on historical trends and regular seasonal performance, precious metals may be significantly underpriced going into the second half of the year, according to precious metals strategists at MKS PAMP. In the company’s Precious Metals […]
Gold prices test fresh session highs as ISM Services PMI drops to 48.8 The gold market has pushed to a fresh session high as activity in the U.S. service sector contracted sharply. On Wednesday, the Institute for Supply Management (ISM) said its Services Purchasing Managers Index dropped to 48.8% in June, compared to May’s reading […]
Trump 2.0 could drive global investors to gold, both silver and gold prices will benefit from trade wars – Heraeus Trump 2.0 could drive global investors to gold, both silver and gold prices will benefit from trade wars – Heraeus teaser image The prospect of a Trump victory in November could push investors around the […]
Gold Price News: Gold Ends Flat on Friday, Eyes On US Gold News Market Analysis Gold prices ended little changed on Friday after US inflation figures came out in line with market expectations. Prices did manage a modest intraday gain, rising to $2,340 an ounce in the mid-afternoon, European time, but trading at this level […]
Gold price remains stuck this week even as inflation gives the Fed some breathing room to cut rates Gold investors might want to get comfortable because gold is in a holding pattern that doesn't appear to be on the verge of breaking out anytime soon. However, despite the neutral price action, analysts still appear to […]
