Amid worries about escalating trade tensions and slower economic growth in the wake of U.S. President Donald Trump’s tariffs, gold stayed steady on Tuesday as investors anticipated a crucial inflation
With trade concerns continuing to influence market mood and investors keenly awaiting U.S. inflation data later this week for clues about the Federal Reserve’s next steps, gold slightly declined to
In rather quiet trade, gold futures are essentially flat. At $2,912.10 a troy ounce, futures are unchanged. Due to persistent safe-haven demand and a declining US dollar, the precious metal
According to a study analysis by Joseph Chai of RHB Retail study, the daily chart indicates that Comex gold futures are consolidating. According to him, the commodity’s relative strength index
With the possibility of a U.S. recession bolstering the precious metal’s attractiveness as a safe haven, gold is edging higher in the early morning Asian session. President Trump declined to
In a note, Heng Koon How of UOB’s Global Economics & Markets Research predicts that the physical bullion short squeeze would push gold beyond $3,000/oz. “Trade tariff uncertainties have resulted
Early on Monday, growing deflationary pressures in China compounded growth concerns from a faltering U.S. economy and a smouldering global trade war, causing Wall Street futures to plummet and the
A lower dollar and demand for safe haven assets amid widespread concerns of a wider trade war helped gold hold steady at $2,910 an ounce on Monday. Canada’s retaliatory tariffs
While investors anticipated U.S. non-farm payrolls data that was coming later in the day, gold marginally increased on Friday and was set for a weekly increase as the dollar declined
In the early Asian commerce, gold is stable. As macroeconomic uncertainty increases, prices remain mostly stable, according to a report from the ANZ Research team. As markets factor in the
