SEO

Gold bounces ahead on potentially market-moving inflation data

by

Gold bounces off the psychologically important $2,300 level after a fresh selling phase. The pair remains under pressure from the longer-term outlook for interest rates – data from Friday could be key. XAU/USD is approaching the neckline for a possible top pattern. If this is broken, it could lead to a downward cascade. Gold (XAU/USD) … Read more

Gold prices fall due to strong US returns, strong USD after solid US data

by

Gold reverses gains after hitting a daily high of $2,368, down more than 1.70%. Strong US S&P Global PMI data boosts the US dollar, with the DXY up 0.14% to 105.80. Mixed US economic data keeps speculation alive about Fed rate cuts. The gold price reversed course on Friday and fell more than 1.70%. Economic … Read more