Gold price (XAU/USD) attracts fresh buying on Thursday, albeit lacking a  follow-through and remains below the $2,000 psychological mark heading into the European session. The US Treasury bond yields and the US Dollar (USD) continue to drift lower in the wake of expectations that the Federal Reserve (Fed) may be done raising interest rates. This, […]

Gold price (XAU/USD) extends its two-day losing spell as investors turn cautious ahead of the interest rate decision by the Federal Reserve (Fed). The precious metal falls sharply even though markets widely expect that the Fed will keep interest rates unchanged in the 5.25%-5.50% range. However, a hawkish interest rate outlook is highly anticipated as robust spending […]

Gold price (XAU/USD) trades with a negative bias for the second successive day on Tuesday and remains below the $2,000 psychological mark heading into the European session. Expectations that the Federal Reserve (Fed) will stick to its hawkish stance to bring inflation back to its 2% target remain supportive of elevated US Treasury bond yields. This, […]

Gold price (XAU/USD) attracts some buying for the third day in a row on Friday and remains supported by a steady demand for safe-haven assets due to the ongoing conflict in the Middle East, as well as a lack of price movement in the US Dollar (USD). The precious metal maintains its bid tone through the first […]