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%
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.
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.
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
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
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
