Gold nears critical support at $2,646 as inflation data and Fed remarks loom, potentially setting a bearish tone for XAU prices if the level breaks.
Gold faces pressure around $2,672 as U.S. dollar strength persists. Will support hold above $2,668, or is further downside likely with rising Treasury yields?
China's weak inflation data and BoJ's mixed signals weigh on Hang Seng and Nikkei; Trump trade lifts US equities.
Gold was steady in the early Asian session as traders continued to digest recent U.S. dollar strength and the uptrend in Treasury yields in the wake of Trump's election win.
Hang Seng and ASX 200 climb on strong China data and US Fed cut, while commodity prices see mixed results. Get insights into market movers.
By Andrew Musgraves, Senior Product Manager In this chart book, we explore the trends driving gold's 2024 outperformance and explain why the asset class is well-positioned to continue its strong run. Gold and gold stocks have been among the strongest performing asset classes thus far this year, even outperforming US stocks.
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.
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.
Anna Golubova is the Producer for Kitco News. With more than ten years of experience in media, she has covered a range of topics, focusing on economy and politics.
Last week, I wrote Gold Could Collapse or Challenge $3000 in November. This week's election results support the former, and the odds now favor a pullback in gold to its 200-day MA (currently $2,400).
Gold did not manage to settle back above the $2700 level.
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.