Gold price sticks to modest intraday losses around $2,500 amid positive risk tone
Gold price struggles to capitalize on Friday’s breakout momentum amid a positive risk tone. Fed rate cut bets, along with geopolitical risks, might continue to lend support to the metal.…
Gold price sticks to modest intraday gains, looks to Fed for fresh directional impetus
A combination of supporting factors assists Gold price to attract some dip-buyers on Tuesday. September Fed rate cut bets undermine the USD and act as a tailwind amid a softer…
Japanese Yen remains tepid despite fears of intervention by authorities
The Japanese Yen struggles due to overseas asset purchases by Japanese individuals through the NISA program. The BoJ is set to evaluate a viable strategy for reducing its government bond…
Gold price lacks firm intraday direction, upside remains capped amid rising US bond yields
Gold price oscillates in a narrow trading band on Monday amid mixed fundamental cues. Rising bets for a September Fed rate cut weigh on the USD and lend support to…
Gold price sticks to modest intraday losses as traders keenly await US PCE Price Index
Gold price attracts some sellers and reverses a part of Thursday’s recovery from a two-week low. The USD advances to a fresh two-month high and exerts downward pressure on the…
USD/CHF remains on the defensive below 0.8850 ahead of SNB rate decision
USD/CHF trades on a softer note near 0.8840 in Thursday’s early European session. The SNB is expected to cut its key policy rate for a second straight meeting in June…
Silver Price Forecast: $30.0 appears a tough nut to crack for XAG/USD
Silver price edges higher near $29.40 Wednesday’s Asian session, up 0.40% on the day. The negative stance of Silver remains intact below the 100-period EMA, with a bearish RSI indicator.…
WTI drops to near $79.00 ahead of key US economic releases
WTI price lost ground as traders adopt risk-averse ahead of EIA crude Oil Stocks Change report due on Thursday. OPEC+ is expected to opt to maintain supply cuts of 2.2…
Australian Dollar consolidates after robust Monthly inflation, US Dollar remains firm
The Australian Dollar appreciated after the higher-than-expected consumer inflation was released on Wednesday. Australia’s Monthly Consumer Price Index rose 3.6% YoY in April, surpassing the expected readings of 3.4% and…
USD/CAD extends downside to 1.3600 amid soft US Dollar
USD/CAD edges down to 1.3600 as the US Dollar’s appeal is uncertain. US core PCE Price Index is projected to have grown steadily in April. Canada’s weak household spending and…
