Due to risk aversion and growing forecasts of rate reduction by the Federal Reserve, gold reached a new record high of $3,000 per ounce on Friday. Following the EU’s 50%
Due to safe-haven demand and U.S. inflation figures, gold futures hit a new record high. After peaking at $3,006.70/oz earlier in the day, futures are up 0.4% at $3,003.40/oz. According
Driven by risk aversion and growing prospects of rate cuts by the Federal Reserve, gold held above $2,980 per ounce on Friday, setting a new high and setting the stage
Early in the Asian session, gold is trending upward. After the U.S. placed taxes on worldwide imports of steel and aluminium, the EU and Canada announced retaliation tariffs against the
On Thursday, gold hit record highs of $2,940 an ounce as demand for safe haven assets was fuelled by growing global trade concerns. After the EU and Canada responded against
As safe-haven demand was fuelled by ongoing tariff uncertainties, gold prices increased on Thursday. Additionally, a lower-than-expected U.S. inflation report bolstered prospects of rate reduction, which in turn helped bullion.
Due to concerns over a potential global economic slowdown sparked by tariffs, gold is slightly rising in the early Asian session. Following the Ontario province’s retreat from a fee on
According to a study analysis by Joseph Chai of RHB Retail study, Comex gold futures might continue a positive trajectory if they successfully breach above their 20-day simple moving average.
Due to a declining U.S. dollar and safe-haven flows brought on by growing fears about the U.S. economic prospects amid intensifying trade tensions, gold was up close to $2,900 per
As investors awaited inflation data to evaluate the Federal Reserve’s policy course amid brewing trade tensions and concerns of an economic slowdown, gold climbed on Tuesday despite weak dollar and
