Gold prices in Asia rose after the recent decline in bond markets, as lower yields boosted demand for the precious metal, while investors await more information on the US Federal Reserve's policy stance at the Jackson Hole symposium this week.
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Gold and silver prices rise as the weaker U.S. dollar index and dip in U.S. Treasury yields attract futures traders and bargain hunters, while anxieties build over upcoming speeches from the Fed and ECB on future monetary policy direction and the potential shift in the Fed's inflation goal.
Gold prices are slightly up and silver prices have hit a three-week high due to short covering and bargain hunting, with silver seeing significant improvement in its technical posture.
The gold market is experiencing technical selling pressure and a decline in response to better-than-expected US labor market data.
The gold market is in need of a catalyst to break its current downtrend, with the upcoming economic data playing a crucial role in determining its direction.
The US Dollar performed well against major currencies, with the British Pound, Euro, and Canadian Dollar underperforming, while the Chinese Yuan and Australian Dollar fared better; the Federal Reserve's indication of a higher terminal rate and potential further borrowing cost increases contributed to the market sentiment, leading to lower US equity markets; upcoming economic data includes consumer confidence, inflation gauges from key European countries, and manufacturing PMI gauges from China.
Asian markets will be influenced by economic indicators, policy steps, and diplomatic signals from China, as well as reacting to the Jackson Hole speeches, purchasing managers index reports, GDP data, and inflation figures throughout the week, with investors desperate for signs of economic improvement as China's industrial profits continue to slump and authorities take measures to stimulate the capital market.
China's economic slowdown is causing alarm worldwide, with countries experiencing a slump in trade, falling commodity prices, and a decrease in Chinese demand for goods and services, while global investors are pulling billions of dollars from China's stock markets and cutting their targets for Chinese equities.
Gold and silver prices are slightly up in quieter early U.S. trading, with traders and investors anticipating a more active market next week following the Labor Day weekend holiday.
Renewed physical demand from emerging markets, such as India and China, could reignite the gold market's bullish uptrend and drive prices higher towards $2,000 an ounce before the end of the year, according to market strategist George Milling-Stanley.
The improving economic outlook for the US has made gold less appealing to investors, but weakness in US consumers could still lead to a recession and boost the precious metal, while Chinese stimulus may support silver demand, according to Heraeus' precious metals report.
Gold reaches its highest point in nearly a month due to weak U.S. economic readings, suggesting that the Federal Reserve may halt its interest rate hikes.
Gold prices are holding steady gains near session highs as the U.S. labor market showed stability with higher nonfarm payrolls but also a rise in the unemployment rate.
Gold prices rose slightly last week while silver remained mostly unchanged, but both metals are expected to potentially move together in an upward direction next week due to a dovish outlook on interest rates and potential repricing of the Federal Reserve's monetary policy.
The U.S. dollar declined due to weaknesses in economic growth, leading to a boost in the performance of gold and U.S. equities, while other global assets experienced mixed price movements throughout the week.
Silver and gold prices have slightly declined, with silver down 4% and gold down 0.5%, leading to speculation about the potential for traders to switch back to silver from gold.
Gold prices decline slightly as the dollar remains strong, with investors awaiting further signals on the U.S. Federal Reserve's monetary policy after an expected interest rate pause this month.
Gold and silver prices are lower due to technical selling and a lack of fresh fundamental news, while rising crude oil prices have potential economic and marketplace effects.
The U.S. dollar's dominance in the gold market may be losing momentum, potentially leading to new all-time highs for gold as the dollar weakens, according to market strategist Carley Garner. She expects the U.S. dollar index to hold resistance below 105 points and eventually retest support at 99 points, which could be a game changer for gold, potentially pushing prices to $2,600 an ounce. Garner also highlights the resilience of gold and the potential for a selloff if the Federal Reserve shifts to a more neutral monetary policy stance. However, she is not as optimistic about silver, preferring to focus on gold.
The gold market is experiencing selling pressure due to better-than-expected jobless claims data, easing fears of an economic slowdown and potentially leading to a longer maintenance of elevated interest rates by the Federal Reserve.
The dollar index has been on a sustained rally since mid-July, leading to a slight decline in gold prices due to the inverse relationship between the two, but gold has held up well despite the strength of the dollar.
Gold prices are slightly higher and silver prices are steady in early U.S. trading due to mild short covering and bargain hunting, with traders awaiting the consumer price index report for August.
Stock prices in Asia were mostly higher as investors awaited updates on U.S. inflation and China's economic data, while concerns about rising oil prices and possible higher interest rates weighed on markets.
Gold prices rose on Monday, reaching their highest level in nearly two weeks, as the dollar weakened ahead of the U.S. inflation data, which could impact the Federal Reserve's interest rate decision.
Gold gained as the dollar weakened against the yuan due to positive China economic data, although the possibility of further U.S. interest rate hikes kept investors cautious.
Gold and silver prices rise as silver hits a two-week high, while the United Auto Workers strike in the US and concerns about the weakening Japanese yen impact trader and investor risk appetite.
