Weaker dollar lifts gold, but bearish trend persists below $2663. Core PCE data could decide XAU/USD's next move—bullish breakout or further declines?
Gold climbs to $2,645 as Fed uncertainty and geopolitical risks bolster safe-haven demand. Key resistance at $2,650 remains in focus for traders.
Hang Seng Index rises on FOMC optimism and China data relief, led by real estate and tech gains. Investors eye tariff risks and central bank actions.
Gold edged lower in early Asian trade. Prices dipped as safe-haven demand has softened, UOB analysts said.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Reaction to $2629-$2607 is critical for gold's direction. Fed minutes, geopolitical developments, and U.S. data hold the key to price momentum.
Gold (XAU) prices dip to $2,620 as a strong U.S. dollar and Treasury yields weigh on momentum. Can $2,608 support prevent further losses?