TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
Rising expectations that the Federal Reserve will have to hike interest rates rather than cut them by the end of the year continue to take their toll on the precious metals market, with gold prices falling below $4,500 an ounce on Wednesday.
Gold off session lows after ISM Services PMI rises to 54.5 in May
The U.S. service sector improved above expectations last month, according to the latest data from the Institute for Supply Management (ISM).The ISM announced on Wednesday morning that its Services Purchasing Managers Index came in at 54.5 in May, up from 53.6 in April. The data was better than expected, as economists were looking for a reading of 53.8.
Gold Price Analysis – Gold Drifts Lower on Wednesday
Gold drifts a little bit lower early on Wednesday, as traders continue to see a consolidation range play out. The noise coming out of the Middle East continues to be a concern in this market.
Gold Futures' Technical Backdrop Likely Improved, Charts Show
Gold futures' technical backdrop has likely improved in recent weeks, StoneX's Matt Simpson says in commentary. Prices have repeatedly found support around $4,400 an ounce and momentum indicators are starting to turn higher, the senior market analyst says.
Gold (XAU/USD) Price Forecast: Tight Range Builds Breakout Pressure
Gold continues to compress within a symmetrical triangle as overlapping support and resistance levels cluster, suggesting an imminent breakout decision as volatility contracts near key moving averages.
Central banks see gold as the reserve asset of choice - ECB report
Gold continues to assert its dominance in global financial markets as an important monetary asset, with the European Central Bank highlighting a significant milestone for the precious metal.
Gold price struggling around $4,500 as U.S. JOLTS shows rise in job openings
The gold market is struggling to hold key near-term support at $4,500 an ounce as the U.S. labor market remains fairly resilient, with the number of available jobs rising more than expected in April.
Gold is an awkward asset for central banks to hold. It's now moved ahead of U.S. debt anyway.
The debt of the world's biggest economy is no longer the primary reserve asset for central banks worldwide.
Gold Appears Trapped Between Two Powerful Narratives
Gold prices edged lower in early trade. The precious metal's bias remains tilted slightly lower, said FOREX.com.
Gold falls as oil jumps on U.S.-Iran deadlock - Kitco PM Report
Spot gold and silver prices are lower after the close Monday, as crude oil jumped, Treasury yields firmed and U.S.-Iran negotiations remained unresolved.
Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
Gold is trading near session lows after the latest data showed the U.S. manufacturing sector beating expectations last month, with prices also moderating in May.The Institute for Supply Management (ISM) announced on Monday that its Manufacturing Purchasing Managers Index rose to 54 in May, its highest reading since May 2022, after posting a 52.7 reading in April. The headline number was higher than expected, as consensus forecasts looked for a reading of 53.
Gold News: Rising Oil Prices Darken Gold Price Future Before Payrolls
Gold prices slip as Iran strikes lift oil, boost the dollar, and fuel inflation fears. See why traders are abandoning rate-cut bets.
