With gold hovering around $2,570, strong dollar pressure and inflation fears could weigh on XAU’s recovery chances.
The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price.
October CPI data shows slow inflation control, raising odds of a Fed rate cut in December to over 80%. Gold prices (XAU/USD) ...
Markets are dismissing gold as a hedge against inflation, despite Trump's policies potentially raising US inflation.
The price of gold traded at $2,611.72 per troy ounce, as of 9 a.m. ET. That’s down 0.91% from yesterday’s gold price per ...
Trump Trade of a stronger US dollar and rapidly rising longer-term US Treasury yields have triggered a negative feedback loop ...
Even after the U.S. headline and core consumer price inflation rose in the month of October, the Gold spot (NASDAQ:XAU) ...
Gold (XAU/USD) is trading down around 7.0% from its peak, so far in November as markets absorb the impact of the seismic shift in US politics that has occurred since the election of former President ...
Gold price dropped below the crucial resistance-turned-support zone of $2,700 on Wednesday; erasing the gains it had made ...
The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.