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Gold Price Forecast: XAU/USD rallies further to near $4,050, ignores upbeat US Dollar
Gold price (XAU/USD) extends its rally to near $4,050.00 during the European trading session on Wednesday. The precious metal continues to move higher as deepening political crisis in France and the United States (US) government shutdown have increased the demand of safe-haven assets, such as Gold.
Fxstreet
Wed, Oct 8
Gold Hits Historic High Above $4,000 as Political Turmoil and Policy Uncertainty Fuel Haven Demand
TradingKey - On October 8, spot gold prices broke through $4,000 per ounce for the first time in history, briefly hitting a record high of $4,040. December-delivery New York gold futures also set a new all-time high at $4,063.TradingKey
Wed, Oct 8
USD extends gains as Gold surges past $4,000 – BBH
US Dollar (USD) is extending its advanced against most currencies, eyeing the upper bound of its range dating back to June. Treasuries are pushing higher, US equity futures are up, and gold prices soared above $4000 per ounce for the first time ever, BBH FX analysts report.Fxstreet
Wed, Oct 8
WTI extends upside to near $62.00 as OPEC+ signals cautious production hike
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.95 during the early European trading hours on Wednesday. The WTI extends the rally after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) opt for a modest production increase.Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $61.95 per barrel, up from Tuesday’s close at $61.74.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.56 price posted on Tuesday, and trading at $65.77.WTI drifts higher to near $62.00 amid mixed API inventory data
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.90 during the Asian trading hours on Wednesday. The WTI edges higher after a mixed US inventories report. Traders brace for the US Energy Information Administration (EIA) stockpiles report later on Wednesday.Gold Price Forecast: XAU/USD edges higher to near $4,000 as traders seek safe-haven
Gold price (XAU/USD) extends the rally to near $3,990 during the early Asian session on Wednesday. The expectation of a US interest rate cut, geopolitical risks and economic uncertainty provide some support to the precious metal. Traders will keep an eye on the FOMC Minutes later on Wednesday.Fxstreet
Tue, Oct 7
Gold nears $4,000 as shutdown fears, interest rate cuts ignite rally
Gold price rallied during the North American session and reached a record high of $3,991, before settling closer to $3,982 for a 0.60% gain. Uncertainty about the US government shutdown and expectations of lower interest rates the Federal Reserve (Fed) keep the yellow metal bid.Fxstreet
Tue, Oct 7
Silver price slips amid US Dollar strength, but record high remains achievable
Silver (XAG/USD) edges 0.2% lower for the day on Tuesday, trading around $48.60 per troy ounce at the time of writing, after setting a new 14-year high at $48.77 on Monday. This consolidation move comes as the US Dollar (USD) regains traction, capping the metal’s bullish momentum.Fxstreet
Tue, Oct 7
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