Fish and Chips

Gold price rallies to a record peak on Thursday amid bets for a June Fed rate cut.The USD languishes near a month low and further lends support to the XAU/USD.A softer risk tone also benefits the safe-haven commodity, despite overbought RSI. Gold price (XAU/USD) gains strong positive traction for th

The selling pressure around prices of the yellow metal gathers extra steam after Wall Street's opening, with XAU/USD trading below the critical $2,000 mark as resurgent inflationary pressures in the US economy further weigh on rate cut odds. Technical Overview From a technical perspective, the case

Gold price (XAU/USD) continues with its struggle to gain any meaningful traction on Friday and remains confined in a familiar trading range held since the beginning of this week. Technical Overview From a technical perspective, the range bound price action points to indecision among traders over the

Gold price trades below $2,020 in the American session on Monday. The benchmark 10-year US Treasury bond yield is up more than 3% on the day above 4.1% following Friday's upsurge, forcing XAU/USD to stay on the back foot. Technical Overview From a technical perspective, acceptance below the 50-day S

Gold price recovers some lost ground below the mid-$2,000s during the early Asian session on Tuesday. The possibility that the US Federal Reserve (Fed) might extend its restrictive stance for longer might exert some selling pressure on the yellow metal in the near term. Technical Overview The

Gold price (XAU/USD) attracts some buyers on Wednesday and for now, seems to have snapped a three-day losing streak to the $2,055 area, or a near one-week low touched the previous day. Technical Overview From a technical perspective, the overnight failure near the all-time high closing, around the $

Gold price lacks any firm intraday direction and is influenced by a combination of diverging forces. A slew of Fed officials push back against bets for early rate cuts and cap the upside for the metal. Geopolitical risks continue to act as a tailwind as traders look to the US PCE Price Index on Frid

Gold is holding its calm near $2,020 in the Asian session on Monday, following a sharp pullback that ended a volatile week on Friday. Progressing toward the pre-Christmas lull, XAU/USD price awaits the key US inflation report due later this week for repricing of the US Federal Reserve inte

Gold price trades in positive territory near $2,035 for the third consecutive day on the weaker USD.The dovish comments from the Federal Reserve (Fed) boost USD-denominated gold.World Bank said that China's economy would slow down next year, with annual growth dropping to 4.5% from 5.2% this year.Ch

Gold surges above $2,000 during the early Asian session on Thursday. The weaker US Dollar and Treasury yield after the Federal Reserve (Fed) meeting boost the yellow metal. The XAU/USD price is trading at $2,020, up 0.16% on the day. Technical Overview XAU/USD is little changed for a second con

Gold price is treading water near $1,980, holding lower ground in the Asian session on Wednesday, Gold price reversed previous gains after the US inflation data. The data reinforced views that the Fed would need to maintain rates higher for longer to bring inflation down&nbs

Technical Overview Gold continues to move around the $2,025 area, still facing some bearish pressure after the sharp reversal from record-high levels. A strong support area emerges at $2,020 and $2,010. On the daily chart, the trend is up, and prices remain above key simple moving averages. Technica

Gold recovered toward $2,030 after testing $2,020 earlier in the day. The benchmark 10-year US Treasury bond yield declined to its lowest level in three months below 4.16% after US data and helped XAU/USD gain traction. Technical Overview Nothing seems to change for Gold price technically in the nea

Gold price attracts some buyers on Tuesday and reverses a part of the overnight slide from the record high. The uptick lacks bullish conviction as investors are seeking more clarity about the Fed's future rate-hike path. Traders now look to the US macro data for some impetus amid falling U

Gold price is paring back gains below $2,100, reversing sharply from the all-time-high of $2,144 in Asian trading on Monday. Gold price rocketed amid rife speculation that the Fed is set to cut interest rates as early as March next year. Gold price also benefited from fresh geopolitical concern