Henrybillion

Henrybillion

As tariff uncertainty drove money into safe havens, tepid US inflation kept market expectations of a Fed rate cut intact and optimism over a ceasefire between Russia and Ukraine cooled, gold prices surged and broke out of their recent sideways consolidation range. Gold prices surged past their target of $2,942/oz on safe-haven demand. Weaker US CPI also supported...

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Gold prices edged up on Thursday as tariff uncertainty persisted, boosting safe-haven demand, while lower-than-expected US inflation data also supported bullion by bolstering expectations of a rate cut. Spot gold rose 0.2% to $2,938.24 an ounce by 0050 GMT, while US gold futures were steady at $2,945.70. Data showed US consumer prices rose less than expected...

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Gold prices fell on Wednesday on the prospect of a ceasefire in Ukraine, while investors braced for key U.S. inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and recession fears. The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after talks in which Kiev said it...

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Gold prices XAUUSD held above $2,880 after falling nearly 1% on Monday. US President Donald Trump said over the weekend that the US economy could get worse before it gets better and that he was adjusting trade policy through tariffs, fueling market concerns about a possible economic recession. As the broader financial markets fall sharply, investors may sell gold...

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Gold prices XAUUSD just fell to around $2,912/ounce, down nearly $10 from the intraday high of $2,918/ounce reached earlier in the session. The recovery in the US dollar could be seen as the current pressure, causing gold prices to ease slightly from the intraday high. A look at data and news events The Labor Department report showed the US economy added 151,000...

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On March 7, 2025, the world gold price recorded a slight decrease after three consecutive days of increase. Specifically, the spot gold price decreased by 7.2 USD to 2,912.5 USD/ounce, while the gold futures contract decreased by 9.5 USD, closing at 2,919.7 USD/ounce. ​ Profit-taking activities: After a prolonged price increase, many investors decided to take...

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Gold prices hovered below a one-week high hit on Wednesday and remained well supported by concerns over the potential economic fallout from Trump’s trade tariffs and a global trade war. Meanwhile, recent weaker US macroeconomic data has raised expectations of further Fed easing, weighing on the USD and benefiting the yellow metal. The daily chart for XAU/USD...

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Gold prices rose on Wednesday (March 5), supported by a weaker US dollar, as investors awaited official US jobs data due later this week for more details on the Federal Reserve's monetary policy. At the close of trading on March 5, spot gold edged up 0.1% to $2,919.54 an ounce. Gold futures added 0.2% to $2,927.50 an ounce. The US dollar index fell 1.2%, hitting...

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Influenced by US President Trump's new tariffs on imports from Canada and Mexico and the doubling of tariffs on Chinese goods, the situation has raised concerns about a global trade war. Gold XAUUSD found support after the new tariff concerns and recovered to the target of 2,900 USD and broke above this level after which the rally has weakened. Trump's tariff...

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Gold prices are holding steady below $2,900 early Tuesday, consolidating recent gains ahead of the next leg higher. The market remains risk-off as a global tariff war seems inevitable, with US President Donald Trump confirming 25% tariffs on Canada and Mexico to take effect on Tuesday while he signed an order to increase tariffs on China to 20%. There is no news...

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Gold prices are currently hovering around $2,872 an ounce, reflecting the strong market volatility caused by President Donald Trump's tariff policies. On March 1, Trump signed an executive order requesting a national security investigation into imported lumber, bringing the total number of tariff investigations in the past 10 days to three. He previously announced...

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Gold prices today, March 3, on the world market increased sharply in the closing session of the week. Domestic gold prices set a new record of over VND 81 million/tael. Gold prices on the Kitco floor closed the trading week at USD 2,082/ounce, up 1.9% compared to the beginning of the session. Gold futures for April 2024 delivery on the Comex New York floor traded...

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GOLD WEEK (24/02/2025) ❗️Economic analysis: 1. Concerns about global economic instability - The US tariff policy is putting great pressure on the world economy, increasing concerns about stagflation (weak economic growth but high inflation). - This boosts demand for gold from individual investors and central banks, especially the BRICS bloc. 2. Geopolitical risks...

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Gold prices struggled to gain after Tuesday's recovery in the Asian session on Wednesday. Gold buyers tried their luck as safe-haven flows returned following uncertainty over US President Donald Trump's tariffs and a weak US economic outlook. The SW price line is large at 2930 - 2888, all frames show hesitation right at this 2907 area. So at least we need to see...

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Gold (XAU/USD) is hovering around 2,955, a key resistance zone that will determine the next trend. Although gold is still holding its bullish momentum within the price channel, the current momentum is not strong enough to create a clear breakout. On the 2H chart, XAU/USD is still above the EMA 34 and EMA 89, indicating that the buyers are still in control. If the...

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Gold (XAU/USD) continued to retreat from its all-time high hit the previous day and fell to $2,929 in the first half of the European session on Tuesday. In the absence of any fresh fundamental triggers, the intraday decline could be due to some profit-taking and is likely to remain limited. Concerns over the potential economic fallout from US President Donald...

Henrybillion

Gold (XAU/USD) is hovering around 2,955, a key resistance zone that will determine the next trend. Although gold is still holding its bullish momentum within the price channel, the current momentum is not strong enough to create a clear breakout. On the 2H chart, XAU/USD is still above the EMA 34 and EMA 89, indicating that the buyers are still in control. If the...

Henrybillion

Gold Price Hits Record High – Ready to Hit $3,000? Strong safe-haven demand and buying from ETFs pushed spot gold prices up $18 to $2,956/ounce – the 11th highest level this year. The Dollar Index has fallen sharply since the end of the year, making the precious metal “cheaper” for international investors. According to expert Jim Wyckoff from Kitco Metals,...