Gold prices seen capped by US-Iran impasse and strong NFP threat
Gold prices rallied briefly after soft PCE data before reversing. The focus is on the US-Iran impasse and the upcoming NFP report.
Gold prices rallied briefly after soft PCE data before reversing. The focus is on the US-Iran impasse and the upcoming NFP report.
Gold rose 0.4% to $4,170 but remains below $4,200 as elevated Treasury yields limit recovery conviction.
Morgan Stanley strategist Amy Gower sees $4,000 as a solid floor for gold, supported by central bank and Chinese demand, government debt concerns, and oil…
Bitcoin rose above $85,000 and gold jumped after US PCE inflation came in at 3.4% versus 3.7% expected, cooling rate hike expectations.
Bitwise's head of research says sovereign wealth funds are selling gold for bitcoin, and no institutions sold during the recent price drop.
Amaze Holdings has signed a binding letter of intent to acquire BullionFX, including the Alchemy platform, for about $155 million in stock.
Markets cautiously optimistic on US-Iran talks; RBA hikes 25 bps to 4.60% with dovish shift in guidance.
Gold paused its slide as US-Iran dialogue revived deal expectations. Traders now await diplomatic outcomes for price catalysts.
State Street sees gold potentially dipping to $4,000 on rate fears but still targets $5,000 within six months.
Gold breaks below key channel support; a failed rally above 4,200 leads to position size reduction.
Oil prices fluctuated on Iran deal talk, US Treasury yields rose, and stocks declined.
Gold slumped 3.1% and tech futures declined as bond yields rose above 5.21%, while oil rallied 3.6% after Trump rejected Iran's Strait of Hormuz proposal.
Gold fell after Trump rejected Iran's proposal to reopen the Strait of Hormuz and signalled renewed bombing after the midterms.
Gold and silver lost about $1.05 trillion in combined market value on Monday amid rising expectations of a Federal Reserve rate hike.
Gold fell under $4,200, the lowest level in almost eight weeks, as Treasury yields rose and oil prices climbed. The next target is $4,000.