Weak US jobs data fuels expectations of Federal Reserve rate cuts, boosting demand for non-yielding gold assets. Gold (XAU/USD) extended its rally to a third straight session, reaching its highest level since June 5 above $4,400 in Asian trading on Tuesday. The move follow
XAU/USD climbs 0.5% as geopolitical tensions and upcoming US inflation figures drive cautious trading. Gold prices advanced early Monday as delays in reopening the Strait of Hormuz and anticipation of US inflation data kept traders on edge. The XAU/USD pair rose 0.5% to $4
Gold prices need to exceed $4,400 to rally further Gold is holding gains after weaker US jobs data reduced perceived Fed hike risks. The weaker jobs numbers have questioned the probability of coming Fed hikes, supporting gold prices. However, with energy pr
December gold futures hit a two-month high after weak jobs data fueled expectations of a Fed pause in September. Gold December futures opened at $4,400 per troy ounce on August 10, matching Friday’s close but marking the highest opening level since early June. Prices later
The People’s Bank of China increased its gold holdings to a record 2,366 tonnes, marking its largest monthly purchase since October 2023. China’s central bank added nearly 20 tonnes of gold to its reserves in July, the largest monthly purchase since October 2023. The move
Gold (XAU/USD) holds firm on Monday as buyers take a breather following last week’s sharp rally, with the broader market theme still centred on the Federal Reserve’s (Fed) interest-rate outlook and developments in the Middle East. At the time of writing, XAU/USD trades aro
PBoC’s 21-month gold accumulation streak and 640koz addition in July drive spot gold to mid-June highs. Spot gold climbed above $4,320 per ounce, reaching its highest level since mid-June, as the People’s Bank of China added 640,000 ounces to reserves in July. The purchase
Gold holds gains around $4,350, with two-month highs at $4,380 under pressure. Lower US yields amid signs of a loosening labour market are underpinning support for Gold Gold (XAU/USD) holds moderate gains at the mid-range of the $4,300s on Monday, consolidating gain
Traders watch $4,432 as the critical level for gold futures, with bullish momentum holding above $4,370 support. Gold futures opened the week with a bullish bias, maintaining control above the $4,370-$4,382 support zone. The first major resistance level sits at $4,432, whe
UK regulators aim to establish standards for tokenized gold as collateral, targeting a $44 billion economic boost by 2035. The UK’s Financial Conduct Authority is developing a regulatory framework for tokenized gold, exploring its use as collateral in wholesale markets. Di
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