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Gold falls to near $4,150 as higher Treasury yields, oil prices outweigh softer PCE inflation
Gold price (XAU/USD) tumbles to near $4,150 during the early Asian session on Thursday, pressured by elevated US Treasury bond yields. Traders await the US September employment data for fresh impetus, which will be released later on Friday.
Fxstreet
Wed, Sep 30
Gold can’t catch a PCE break as long US yields keep climbing
Gold prices (XAU/USD) retreated on Wednesday, down 0.6%, after US inflation data came in above the Federal Reserve’s (Fed) 2% goal but below estimates, prompting investors to price in a less hawkish central bank than expected. The XAU/USD trades at $4,155 at the time of writing.Fxstreet
Wed, Sep 30
WTI set for monthly gain amid US-Iran stalemate
West Texas Intermediate (WTI) Oil rebounds on Wednesday and remains on track for a monthly gain of around 5.5%. The lack of progress in US-Iran negotiations to reopen the Strait of Hormuz keeps geopolitical risks elevated, even as Middle East supply conditions improve.
Bitcoin and Gold Outlook: BTC recovers $84K, XAU slips amid softer US PCE
Bitcoin (BTC) gains traction, rising above $84,000 on Wednesday as buyers return after softer-than-expected United States (US) inflation data. The Crypto King marks a second straight day of gradual recovery, building on the demand area between $82,000 and $83,000.
Silver Price Forecast: XAG/USD trades flat around $61.50, US data awaited
Silver price (XAG/USD) trades in a tight range at around $61.45 during the European trading session on Wednesday. The white metal consolidates as investors await the United States (US) Personal Consumption Expenditure (PCE) Price Index data for August, which will be published at 12:30 GMT.Fxstreet
Wed, Sep 30
WTI drifts higher above $88.00 as Trump denies Iran sanctions relief
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.30 during the early European trading hours on Wednesday. WTI edges higher after US President Donald Trump denied he would be willing to ease sanctions on Iran.Silver Price Forecast: XAG/USD hangs near eight-week low; bears retain control near $61.00
Silver (XAG/USD) attracts some sellers near the $61.75 area during the Asian session on Wednesday, stalling the previous day's recovery from the $60.30 region, or the lowest level since August 5.Fxstreet
Wed, Sep 30
Gold holds steady below $4,200 as retreating bond yields and softer USD lend support
Gold (XAU/USD) struggles to capitalize on the previous day's positive move and oscillates in a range during the Asian session on Wednesday, stalling its recovery from the $4,100 neighborhood or the lowest since August 5, touched earlier this week.Fxstreet
Wed, Sep 30
Gold rebounds from eight-week low as traders weigh Fed rate path
Gold price (XAU/USD) rebounds from an eight-week low to near $4,180 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited as oil-driven inflation reinforced expectations of tighter monetary policy by the US Federal Reserve (Fed).Fxstreet
Tue, Sep 29
Gold springs from $4,110 as Oil rout eases inflation heat
Gold (XAU/USD) price registers solid gains of over 1.30% on Tuesday despite hawkish rhetoric from Federal Reserve (Fed) officials, after hitting a multi-week low near $4,110 on Monday. The XAU/USD pair trades at $4,170 after bouncing off daily lows of $4,113.Fxstreet
Tue, Sep 29
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