Gold price (XAU/USD) retreats after touching a fresh weekly high during the early European session on Thursday, though it sticks to positive bias for the second straight day and holds above the $3,100 mark.
The Gold price (XAU/USD) edges higher to around $3,080 during the early Asian session on Thursday. The safe-haven demand amid escalating trade tensions between the United States and China provides some support to the precious metal.
Gold price (XAU/USD) bounces higher and recovers to $3,045 at the time of writing on Wednesday after United States (US) President Donald Trump’s tariffs came into effect.
US President Donald Trump's global reciprocal kick in on Wednesday, fuelling a fresh risk-aversion wave across the financial markets, spiking up the demand for the traditional safe haven Gold.
Gold price (XAU/USD) sticks to its strong intraday gains through the first half of the European session and currently trades just above the $3,050 level, or the top end of the weekly range.
Gold price snaps three days of losses, consolidates below the $3,000 figure as US Treasury yields rise, making the non-yielding metal less appealing for investors. Even though there are hopes of trade deals between partners, the “trade war” between the US and China makes investors uneasy.
The Gold price was unable to escape the sell-off on the commodity and financial markets and also fell significantly, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold price (XAU/USD) pops while Equities run higher after their nosedive move on Monday and past Friday. The precious metal trades just above the $3,000 mark at the time of writing on Tuesday. The bounce is supported by a technical element on the one hand and a geopolitical driver on the other.
Gold price (XAU/USD) maintains its bid tone above the $3,000 psychological mark through the first half of the European session on Tuesday as worries about an all-out global trade war continue to underpin demand for traditional safe-haven assets.
Gold (XAU) price prolongs its agony and plummets by over 2% on Monday as investors seeking safety bid the US Dollar, with US trade policy fueling speculation of a global recession. XAU/USD trades at $2,971, its lowest level since mid-March, below $3,000.
Gold price (XAU/USD) is facing again some selling pressure towards the American trading session, trading at $3,025 at the time of writing on Monday after falling 2% intraday in early trading as the trade war spirals out of control.
Gold price (XAU/USD) attracts some buyers near the $2,972-2,971 area, or a nearly four-week low touched earlier this Monday, and for now, seems to have stalled its retracement slide from the all-time peak touched last week.
The latest data published by the People’s Bank of China (PBOC) on Monday showed that the Chinese central bank increased its state Gold reserves for the fifth consecutive month.
Gold (XAU) price extended its losses on Friday and plunged to a seven-day low of $3,015 before recovering some ground, following a speech by Federal Reserve (Fed) Chair Jerome Powell, which indicated that inflation could reaccelerate due to tariffs. XAU/USD trades at $3,029, down 2.70%.
Gold prices extend their drop for the second consecutive day, hitting a seven-day low of $3,023 per troy ounce, down more than 2.80% as Federal Reserve Chair Jerome Powell turned hawkish in a conference in Virginia.
The Gold price initially rose to a new record high of $3,168 per troy ounce in response to US President Trump's tariff announcements, but then fell back significantly, Commerzbank's commodity analyst Carsten Fritsch notes.
Copper and other industrial metals slumped on Thursday amid concerns about how Trump’s latest tariffs threaten the global growth outlook, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Gold price (XAU/USD) maintains its offered tone through the first half of the European session on Friday and currently trades below the $3,100 mark, down for the second successive day.
Gold price (XAU/USD) recovers some lost ground to near $3,115 during the late American session on Thursday after facing some profit-taking in the previous session.
Gold price (XAU/USD) sees selling pressure pick up towards the United States (US) trading session on Thursday, selling off over 1.25% towards $3,095 at the time of writing. Traders are taking profit, pushing the Bullion price below important pivotal levels.
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