Gold and silver prices are slightly weaker in early US trading on Thursday, following this week's gains, but both gold and silver bulls still have momentum on their side.
Gold and silver prices are slightly lower in midday trading due to a correction after this week's gains and a strong rally in the US dollar index, while the busy US data week is highlighted by Friday's employment situation report for August from the Labor Department.
Gold and silver prices are higher and hit daily highs in early U.S. trading on the back of a dovish U.S. economic report and expectations of no further interest rate hikes from the Federal Reserve.
Gold prices remained stable near session lows as the latest data on the U.S. manufacturing sector showed improvement but still indicated contraction for the tenth consecutive month.
Gold price remains below the resistance level of $1,950.00 as investors await the US Services PMI data, while cooling labor market conditions increase the likelihood of the Federal Reserve keeping interest rates unchanged for the rest of the year.
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.
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.
Gold prices are trading near session lows despite higher-than-expected inflation, prompting markets to price in further rate hikes.
Gold prices are trading at session lows due to tighter labor market conditions and significant selling pressure, as weekly jobless claims fell by 20,000 to 201,000, surprising economists who were expecting an increase.
Gold and silver prices are slightly down as U.S. Treasury yields rise, the U.S. dollar index remains high, and traders and investors anticipate a potential U.S. government shutdown.
The gold market remains near a six-month low as it tests support above $1,900 an ounce, but is not experiencing major selling pressure despite strong US manufacturing data, with December gold futures currently trading at $1,909.60 an ounce.
The strength of the US dollar and rising bond yields are causing gold prices to fall to their lowest level since March, with some analysts predicting that the bearish momentum could push prices down further to their 2023 lows at $1,810 in the spot market.
Gold prices stabilize near a six-month low as the dollar remains strong and investors await U.S. economic data for insight into the Federal Reserve's interest rate plans.
Gold prices trade near session lows as US GDP data shows the economy grew in line with expectations but consumer spending fell more than anticipated.
Gold prices have reached their lowest settlement since March, moving away from record-high levels and heading towards a "death cross," due to surging Treasury yields and a stronger dollar.
Gold prices hover around session lows as the U.S. service sector experiences a moderate pullback in September, according to data from the Institute for Supply Management (ISM).
Gold prices are holding near their lowest levels since March due to the Federal Reserve's monetary policy, but ING remains optimistic that prices can rally above $2,000 an ounce next year and higher through 2025.
Gold prices are slightly lower after the US employment report for September shows stronger-than-expected non-farm payrolls gains, indicating that the Federal Reserve will likely maintain its hawkish stance on monetary policy.
Gold and silver prices are weaker after a slightly stronger-than-expected U.S. economic report, which adds to the case for the Federal Reserve to keep raising interest rates.
