Gold price sticks to modest gains, remains below multi-month top ahead of Fed’s Powell
Gold price regains positive traction on Friday and is underpinned by rising Fed rate cut bets. Growing concerns about a global economic downturn lend additional support to the metal. The…
USD/CHF moves on a downward trajectory near 0.8730, awaits Swiss Real Retail Sales
USD/CHF continues to lose ground as the US Dollar attempts to retrace recent gains. US GDP Annualized increased by 5.2% against the expected rise of 5.0% in Q3. Swiss ZEW…
Gold price advances to multi-month top as Fed rate cut bets continue to weigh on USD
Gold price gains positive traction for the sixth straight day and refreshes its multi-month top. Dovish Fed expectations, falling US bond yields and a bearish USD continue to lend support.…
USD/INR gains ground, Indian government keeps an eye on exchange rate
Indian Rupee retains a weak undertone on the USD demand. India’s finance minister said the government is monitoring the exchange rate, especially following the Indian Rupee’s decline. India’s Gross Domestic…
Gold price struggles for a firm near-term direction amid Fed rate uncertainty
Gold price is seen oscillating in a narrow trading band during the Asian session on Friday. Dovish Fed expectations continue to lend some support to the non-yielding yellow metal. A…
Gold price retreats further from monthly peak, downside potential seems limited
Gold price ticks lower after the FOMC meeting minutes struck a more hawkish tone. Subdued US Dollar price action could lend some support and help limit further losses. Repeated failures…
Gold price bulls look to seize control near two-week high ahead of FOMC minutes
Gold price catches fresh bids on Tuesday as dovish Fed expectations continue to weigh on the USD. The upbeat market mood also does little to hinder the positive move back…
EUR/USD Price Analysis: Trades higher near 1.0920 as Fed is expected to end rate hikes
EUR/USD could reach immediate resistance around the major level at 1.0950. Technical indicators suggest a stronger momentum; bulls could target August’s high at 1.1064. A firm break below 1.0900 could…
USD/JPY retraces recent losses, hovers above 150.50
USD/JPY experiences challenges on weaker Japan’s economic data. Japan’s GDP declined by 0.5% in Q3 against the previous growth of 1.2%. Japanese Economy Minister Yasutoshi Nishimura warned about the impact…
Gold price extends its pullback from a multi-month top; focus remains on FOMC
Gold price drifts lower for the third successive day and refreshes weekly low on Wednesday. Receding safe-haven demand and hawkish Fed expectations weigh on the XAU/USD. China’s economic woes could…
