Gold price attempts to snap a two-day losing streak, edging higher around $1,910 per troy ounce during the Asian session on Thursday after Consumer Price Index (CPI) data from the United States (US). US Consumer Price Index (CPI) (YoY) exceeded expectations, rising to 3.7% from the previous rate of 3.2%, surpassing the market’s anticipated 3.6% for August. […]

Gold price gains some positive traction for the second successive day and recovers further from over a one-week low, around the $1,915 region touched on Wednesday. The XAU/USD maintains its bid through the early European session and currently trades around the $1,925-$1,926 area, up over 0.30% for the day. Against the backdrop of concerns about […]

Gold Price (XAU/USD) portrays a corrective bounce from the weekly low as it prods the four-day losing streak ahead of the key US data amid sluggish markets. In doing so, the XAU/USD price struggles to justify the latest cautious optimism driven by Chinese property stocks, amid hopes of more stimulus for the real estate sector, as […]

CME Group’s flash data for gold futures markets noted traders trimmed their open interest positions by around 4.3K contracts after two consecutive daily builds on Thursday. Volume followed suit and shrank for the second session in a row, now by around 11.3K contracts. Gold faces the next up barrier above $1950 Thursday’s small downtick in gold prices […]