Gold prices fell from a one-week high above $2,620 as global concerns fueled safe-haven demand, but expectations for a faster Fed rate cut and limited gains in US Treasuries eased. Also, be very cautious about broader risk-on sentiment, strong US dollar performance, optimistic wages. Technical indicators point to hard resistance near $2,634-$2,635, with downside risks…
Due to growing wagers on a September interest rate cut by the U.S. Federal Reserve and growing geopolitical concerns in the Middle East, safe-haven demand for gold kept prices stable on Tuesday, staying close to record highs. Spot gold Bullion reached a record high of $2,531.60 on August 20, but it remained unchanged at $2,515.83…
Gold prices moved little in Asian trade on Monday, seeing little relief from recent losses as traders continued to price in higher-for-longer U.S. interest rates before a Federal Reserve meeting later this week. The yellow metal tumbled from record highs hit earlier in April as safe-haven demand waned in the absence of any escalation between…
