Gold Slips
Digest more
Gold should gradually rise to $3,750/oz by 4Q on likely safe-haven demand and a weakening U.S. Dollar, said Vivek Dhar of CBA’s Global Economic & Markets Research in a research report.
Gold slipped on Thursday after hitting a nearly two-week high earlier in the session, hurt by an uptick in the dollar, although worries over the U.S. government's increasing debt burden and fiscal outlook kept prices above $3,
Wall Street pundits and investors are schizophrenic about the US dollar. The currency weakened after Moody's cut the US credit rating by one notch from Aaa (the highest rating) to Aa1, attributing the downgrade to the increasing fiscal deficit,
Gold price stalls at $3310.48 pivot as traders await breakout. Fiscal fears and weak dollar keep bullish outlook alive with targets at $3435 and $3500.
Gold was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating fiscal outlook for the world's biggest economy boosted the metal's safe-haven appeal.
As of the end of 2024, USD has remained as the number one reserve currency in central banks around the world at 45.55%, with gold firmly in second place at 21.20%, the euro in third place at 15.63%, and all other currencies making up the remaining 17.62%.
Discover why gold (GLD, IAU) is seen as an anti-dollar asset and how owning tangible assets can help combat inflation and maintain wealth.
Trump’s tariffs and the trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Gold breaks a three-day winning streak, with investors appearing less hungry for safe havens and more willing to a adopt risk-on mindset, says Antonio Di Giacomo of XS.com in a note. "This pullback is primarily attributed to the strengthening of the U.
gold's connection to the U.S. dollar is complicated - but chances are that if President Donald Trump's apparent desire to weaken the greenback comes to fruition, that could become a "strong ...
Gold swung to losses on Thursday as the U.S. dollar strengthened and investors booked profits after prices touched a two-week high earlier in the session. Spot gold was down 0.6% at $3,295.21 an ounce,