XAU/USD falls 1.85% this week amid Middle East risks and expectations of prolonged high US interest rates. Gold (XAU/USD) retreated to $4,455 on Wednesday, extending its weekly decline to nearly 1.85%. Escalating Middle East tensions, including US strikes on Iranian target
Central banks' gold holdings now exceed U.S. Treasurys by market share, reflecting shifting reserve strategies amid economic uncertainty. Gold has become the world’s largest global reserve asset by market share, surpassing U.S. Treasurys, according to the European Central
Gold prices moved lower on Wednesday as escalating tensions in the Middle East pushed oil prices higher, reinforcing concerns that inflationary pressures could remain elevated and delay potential interest-rate cuts from major central banks. By 05:42 ET (09:42 GMT), spot go
Persistent geopolitical risks and resilient US data bolster Fed policymakers' push to maintain higher rates, pressuring gold prices. Gold prices retreated as rising expectations of a hawkish Federal Reserve overshadowed escalating US-Iran tensions. Iranian missile strikes
Rising crude prices and Middle East tensions revive inflation fears, bolstering bets on prolonged high US interest rates. Gold (XAU/USD) fell below $4,500 in Asian trading on Wednesday, extending a late pullback from near $4,550. The decline follows a third consecutive ris
India's central bank offloaded $12 billion in gold reserves to support foreign exchange reserves strained by rising crude prices and a weakening currency. India’s Reserve Bank of India likely sold $12 billion in gold over two weeks ending May 22 to stabilize foreign exchan
Activist investor Elliott holds over $1 billion stake in Australia’s largest gold miner, pushing for a potential sale or restructuring. Elliott Investment Management has called for a strategic review of Northern Star Resources Ltd, Australia’s top gold miner, including a p
Gold (GC=F) August futures opened at $4,515.80 per troy ounce on Tuesday, up 0.2% from Monday’s closing price. The price of gold moved higher this morning, shifting to $4,558.10 per troy ounce as of 8:08 a.m ET. Over the last couple of weeks, gold prices have remain
Technical analysis shows gold futures shifting to a bullish phase but facing congestion near upper-range resistance at 4570. Gold futures have entered a bullish repair phase after defending support at 4480, reversing earlier bearish pressure. The market is now testing resi
The push and pull continues for gold, as traders are still trying to make sense of what to do with the US-Iran situation. That remains the question. The longer that the whole saga drags on, there's also a negative undercurrent that looks set to run over gold prices in the
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