Gold price (XAU/USD) rebounds to $1,970 after bouncing off the weekly lows of $1,950 during the early Asian trading hours on Wednesday. The mild rebo
Gold price currently trades around $1,972, gaining 0.09% for the day. The upbeat US economic data boosts the US Dollar across the board. The escalating geopolitical tension between Israel-Hamas might lift the gold price. und of the precious metal is backed by the consolidation of the US dollar . Meanwhile, the US Dollar Index , a measure of the value of USD against six other major currencies, hovers around 106.25.
The upbeat US economic data alleviated fears that tighter monetary policy and higher borrowing rates would dampen investment and industrial activity. On the other hand, the escalating geopolitical tension in the Middle East might boost safe-haven assets like gold price. Gold traders will monitor the preliminary estimate of the US Q3 Gross Domestic Product on Thursday. On Friday. the US Core Personal Consumption Expenditure Index will be released.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: XAU/USD pulls back from five-month high, trades near $1,970Gold price halts the winning streak that began on October 17, trading lower around $1,970 per troy ounce during the Asian session on Monday. While geo
Weiterlesen »
Gold Price Forecast: XAU/USD appears a ‘buy on dips’ trade amid Middle East strifeGold price is consolidating its correction from five-month lows, keeping the red near $1,975 early Monday. Gold price fell for the first time in four
Weiterlesen »
Gold Price Forecast: XAU/USD eases amid a better mood, retains the bullish stanceSpot Gold retreated from multi-month highs on Monday but met buyers on a dip to the $1,960 price zone. XAU/USD trades around $1,977 a troy ounce in t
Weiterlesen »
Gold Price Analysis: XAU/USD stabilizing after a dip into $1,960XAU/USD is holding on the top end after hitting fresh five-month highs last week, just inches away from the $2,000/ounce key price level. Gold momentu
Weiterlesen »
Gold Price Forecast: XAU/USD rebounds near $1,980 on downbeat US DollarGold price recovers the recent losses, trading higher near $1,980 during the Asian session on Tuesday. The price of the precious metal receives upward
Weiterlesen »
Gold Price Forecast: XAU/USD attempts another run toward $2,000Gold price is seeing fresh demand early Tuesday, having held onto its tight corrective range at the start of the week on Monday. Gold price booked the
Weiterlesen »