The soaring inflation in US and Germany favors the yellow metal. US president Biden's speech supporting the Fed Powell's helped the Yields to surge. Russia-Ukraine situation also underpins the bullish rally of the Yellow metal. Gold price has edged high and reached the 2 month high of $1844 during Thursday Asian session. The yellow [...]
Gold prices had a drop in Asia due to the hawkish bias from Fed. Favorable ADP Employment report favors US dollar and raises expectation for the non-farm payrolls numbers. Covid woes due to the new variant founded by France also weighs on the market sentiment and underpins bearish trend for XAU/USD. The yellow metal [...]
Gold (XAU/USD) inched higher and is trading around $1,810 during the Monday Asian session. Yellow metal is trading high as slightly weaker U.S. Treasury yields offset an uptick in the dollar. US Dollar Index (DXY) dropped to 96.10 whereas the US 10-year Treasury yields dropped 1.1 basis points (bps) to 1.482%, stepping back from a [...]
The yellow metal prices climbed on Friday and this week turned to the best week for gold since mid-November, the dollar weakened despite the Hawkish U.S. Federal Reserve decision. The Fed delivered on the expected doubling of the taper pace and said Wednesday that it will begin reducing its asset purchases by $30 billion per [...]
