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Tag: XAU/USD

Gold Continues to Decline as the Dollar Strength Continues

The use of gold can be traced to the earliest manuscripts ever found. Its use as a prestige commodity and form of exchange is found in all these historic books. In the early 1900s, the world came to what was known the gold standard. During this time, gold was the only recognized means of exchanges. […]

All is quiet on the western trade war front

All is quiet on the western trade war front For a change,  all is quiet on the western trade war front as the drop in aggressive US tariff posturing and the nonfarm payroll after effects have propelled US equity market to the third consecutive day of substantial gains. While traders sit tight awaiting the next […]

Gold under pressure after

Gold is trading sideways in the Monday session. In North American trade, the spot price for one ounce of gold is $1278.63, down 0.09% on the day. It’s a quiet start to the week, with no major releases out of the U.S. On Tuesday, the focus is on construction numbers, with the release building permits […]

Gold Steady as Federal Reserve in Focus

Gold has posted small gains in the Wednesday session. In North American trade, the spot price for one ounce of gold is $1297.73, up 0.13% on the day. On the release front, the Federal Reserve is expected to raise interest rates to a range between 1.75% and 2.00%. On the inflation front, there was positive […]

Gold Hugging $1300, Investors Await Fed Hike

Gold has posted slight losses in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1297.56, down 0.20% on the day. On the release front, consumer inflation numbers were within expectations. CPI remained pegged at 0.2% and Core CPI edged up to 0.2%, just above the forecast of 0.1%. […]

Gold Subdued, Markets Glued to Trump-Kim Summit

Gold is steady at the start of the trading week. In Monday’s North American session, the spot price for one ounce of gold is $1300.74, up 0.11% on the day. On the release front, there are no major U.S. events on the schedule. On Tuesday, the focus will be on inflation, with the US releasing […]

Gold Yawns as US Jobless Claims Within Expectations

  Gold has inched higher in the Thursday session. In the North American session, the spot price for one ounce of gold is $1297.31, up 0.05% on the day. On the release front, U.S, unemployment claims ticked higher to 222 thousand, just below the estimate of 223 thousand. On Friday, G-7 leaders will gather in […]

Slight Gains for Gold Against Sluggish Greenback

Gold has posted slight gains in the Wednesday session. In the North American session, the spot price for one ounce of gold is $1299.37, up 0.24% on the day. On the release front, there are no major US events. We’ll get a look at unemployment claims on Wednesday. As fears of a global trade war […]

Gold Calm at Start of Week, Services PMI Ahead

Gold has posted slight gains in the Monday session. In the North American session, the spot price for one ounce of gold is $1296.65, up 0.21% on the day. On the release front, it’s a quiet start to the week, with no major events on the schedule. US Factory Orders expected to decline 0.4%, after a […]

Gold Sticks to $1300, Investors Await Non Farm Payrolls, Wage Growth

Gold has posted gains in the Thursday session. In the North American session, the spot price for one ounce of gold is $1301.14, unchanged on the day. On the release front, consumer data was positive, as Personal Spending and PCE Price Index both beat their estimates, with readings of 0.2% and 0.6%, respectively. There was more […]