Spot gold fell ~1% Wednesday after Federal Reserve Chair Powell poured cold water on expectations for a December rate cut after the central bank reduced interest rates by a quarter percentage point, ...
The spot gold price dropped to $2354.95 per ounce in today's session, marking a three-day slide of $71, or 3%. Since Monday's all-time high of $2,450, the bullion has undergone a correction of 3.9%.
Gold pulled back as Treasury yields continued to rebound from recent lows after the release of the better-than-expected Non Farm Payrolls report. It should be noted that gold received support near the ...
Gold is trading near the support level at the 20 EMA at $1935, while Treasury yields are trying to gain more ground. The recent increase in Treasury yields has served as a significant negative ...
Gold stabilizes at all-time highs after its steep rise at the end of last week. The overall trend remains bullish, and much depends on the outcome of the Fed meeting on Wednesday. Gold is in the ...
Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most ...