Gold (XAU/USD) Price Forecast: Pullback Risk After Resistance Test
Gold stalled near the 100-day moving average at $4,450 this week after triggering a bullish reversal, with Friday's recovery leaving the door open for a deeper pullback to build momentum.
Gold looks to Fed minutes, housing, PMI data for direction next week
Gold and silver head into the coming week with investors focused on the health of the U.S. economy and the Federal Reserve's interest-rate outlook, as manufacturing, housing and central bank signals could drive volatility across precious metals markets.
Spot gold nears $4,400/oz after preliminary Consumer Sentiment falls to 51, one-year inflation expectations rise
The gold market is trading near session highs after the latest data showed consumer sentiment in the U.S. declining, with shorter-term inflation expectations ticking higher.The University of Michigan announced on Friday that the preliminary reading of its Consumer Sentiment survey for August was 51. The data was worse than expectations, as the consensus forecast of economists called for a reading of 54.5.
Gold Price Analysis – Gold Pulls Back as Geopolitical Risks and Yields Cap Gains
The gold market finds itself a little bit noisy early on Friday, initially falling, but has turned around since then to see a lot of choppiness.
Gold rebounds as retail sales miss offsets oil-driven inflation risk - Kitco AM Report
Spot gold and silver prices are higher in early U.S. trading Friday, after July retail sales unexpectedly fell and reinforced the market's view that the Federal Reserve is closer to holding rates steady in September.
Gold rallies to session high $4,387/oz after retail sales drop -0.6% in July
The gold market is rallying after the latest data showed American consumers' spending declining more than expected last month.U.S. retail sales fell -0.6% in July following an unrevised reading of 0.2% in June, the U.S. Commerce Department announced on Friday. The data was far worse than expectations, as the consensus of economists projected a 0.1% increase in July's headline number.
U.S. Gold Corp.: The Market Is Still Punishing The Stock
U.S. Gold is rated a speculative buy, with CK Gold advanced to feasibility and permitting but facing significant financing risk. CK Gold boasts a $632M after-tax NPV5, 27% IRR, and 11-year mine life, but lacks the $422M required pre-production financing. Permitting is largely complete, reducing regulatory risk, but the Industrial Siting Permit imposes a June 2027 construction deadline, creating both a risk and a catalyst.
Gold Falls Despite Softer-Than-Expected U.S. Wholesale Price Data
Gold struggled to extend its rebound despite softer-than-expected U.S. PPI data, which suggests the next leg higher for gold prices might not be straightforward, said OCBC.
Gold snaps four-day advance as yields ease, oil drops - Kitco PM Report
Spot gold and silver prices are lower in late-afternoon U.S. trading Thursday, as a cooler wholesale inflation report cut Treasury yields and rate-hike expectations but also reduced demand for metals as near-term inflation hedges.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Take Profits Despite Falling Treasury Yields
Silver and platinum have also found themselves under pressure in today's trading session.
Spot gold approaches $4,400/oz after U.S. weekly jobless claims rise to 209k
Gold prices are getting closer to the $4,400 per ounce level on Thursday morning following the release of worse than expected labor market data after the number of Americans filing new claims for unemployment benefits came in above economists' forecasts.
Gold Gains on Reduced Fed Rate Hike Expectations
Gold rose in early Asian trade. Expectations of a Federal Reserve rate hike were pared back following the U.S. inflation data, as July consumer prices rose only marginally from June, ANZ said.
