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Gold slips below $3,550 as US Dollar rebound offsets Fed cut bets
Gold price edges lower during the North American session on Thursday as the Greenback recovers some ground, even though the latest round of economic data increased speculation that the Federal Reserve may cut interest rates at the September meeting. The XAU/USD trades at $3,542, down 0.48%.Fxstreet
Thu, Sep 4
The “Fed Independence Trade” Is Heating Up — Goldman and JPMorgan Offer an Investment Guide
TradingKey - The global selloff in long-term bonds has ignited the so-called “Fed independence trade,” with JPMorgan analyzing asset performance for clues, and Goldman Sachs forecasting gold prices could reach $5,000 per ounce.TradingKey
Thu, Sep 4
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.26 per barrel, down from Wednesday’s close at $63.55.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.98 after its previous daily close at $67.27.Gold extends rally above $3,550 as weak US JOLTS data lifts Fed cut bets
Gold price extended its gains on Wednesday and is up more than 1%, poised to register record highs during the day, after clearing the mid-point of the $3,500-$3,600 range as economic data from the United States showed the labor market is weakening.Fxstreet
Wed, Sep 3
Gold extends rally, notches new record-high above $3,560
Gold extended its uptrend in the second half of the day on Wednesday and touched a new record-high above $3,560. At the time of press, XAU/USD was trading near $3,560, rising 0.85% on a daily basis. For the week, Gold is already up more than 3%.Fxstreet
Wed, Sep 3
Gold Price Forecast: XAU/USD extends winning streak for seventh trading day
Gold price (XAU/USD) extends its winning streak for the seventh trading day on Wednesday. The precious metal posts a fresh all-time high near $3,550 as investors have dumped long-dated government bonds across the globe.Fxstreet
Wed, Sep 3
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