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Tag: XAU/USD

Gold Gains Ground, Puts Brakes on Dollar Rally

Gold has posted gains in the Thursday session, erasing the losses seen on Wednesday. In North American trade, the spot price for an ounce of gold is $1331.17, up 0.50% on the day. On the release front, unemployment claims dropped to 222 thousand, well below the estimate of 230 thousand. Gold prices remain continue to fluctuate. The […]

Gold in Holding Pattern Ahead of Federal Reserve Minutes

Gold is steady in the Wednesday session, following sharp losses on Tuesday. In North American trade, the spot price for an ounce of gold is $1329.08, down 0.05% on the day. On the release front, all eyes are on the Federal Reserve, which will release the January minutes later in the day. Earlier, Existing Home Sales […]

Gold Slides on Concerns of Fed Tightening as Fed Minutes Loom

Gold has posted sharp losses in the Tuesday session. In North American trade, the spot price for an ounce of gold is $1330.89, down 1.16% on the day. On the release front, there are no US events on the schedule. On Wednesday, the Federal Reserve will publish the minutes of its January meeting. As well, the […]

Gold Trading Sideways in Thin Holiday Trade

Gold prices are trading sideways in the Monday session. Currently, the spot price for an ounce of gold is 1347.25, down 0.02% on the day. There are no US releases on Monday, as bank and stock markets are closed for Presidents Day. Volatility in the stock markets last week translated into gains for safe-haven assets […]

Gold Takes Breather After Strong Gains

Gold prices is trading sideways in the Thursday session, after surging higher on Wednesday. Currently, the spot price for an ounce of gold is $1351.30, up 0.05% on the day. On the release front, PPI gained 0.4%, matching the forecast. Core PPI also gained 0.4%, beating the estimate of 0.2%. Both indicators rebounded after declines in […]

Gold Jumps as Strong CPI and Weak Retail Sales Spook Markets

Gold prices have posted strong gains in Wednesday’s North American session. Currently, the spot price for an ounce of gold is $1348.04, up 1.41% on the day. On the release front, January consumer inflation beat expectations. CPI jumped 0.5%, above the estimate of 0.3%. Core CPI remained steady at 0.3%, edging above the forecast of […]

Gold Gains Ground as Weak Bonds Weigh on Dollar

Gold prices continue to move higher this week. In Tuesday’s North American trade, the spot price for an ounce of gold is $1326.90, up 0.32% on the day. There are no major events out of the US. On Wednesday, the US releases inflation and retail sales data. Traders should be prepared for some movement from XAU/USD […]

XAU/USD – Gold Moves Higher Ahead of CPI

Gold prices have moved higher to start the week. In Monday’s North American trade, the spot price for an ounce of gold is $1324.83, up 0.63% on the day. It’s a quiet start to the week, with only one event. The US federal budget is expected to rebound and show a large surplus of $50.2 billion. […]

Gold Slides to 4-Week Low as Stock Markets Settles Down

Gold has posted losses in the Wednesday session. In North American trade, the spot price for an ounce of gold is $1318.19, down 0.47% on the day. On the release front, there are no major US events on the schedule. It’s been a volatile week for stock markets across the world, and this has triggered […]

Gold Shrugs as US Services PMI Beats Expectations

Gold has posted small gains in the Monday session. In North American trade, the spot price for an ounce of gold is $1335.14, up 0.15% on the day. On the release front, the ISM Non-Manufacturing PMI climbed to 59.9, above the forecast of 56.5 points. This points to strong expansion in the services sector and […]