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Gold Price Forecast: XAU/USD is looking for direction at $4,200
Gold (XAU/USD) is posting minor losses for the third consecutive day on Thursday, weighed by lower demand for safe havens amid a moderate risk appetite. The precious metal, however, remains supported above the mid-range of the $4,100s with the $4,264 high at a short distance.Fxstreet
Thu, Dec 4
Gold Price Forecast: XAU/USD holds gains above $4,200 as weak US payrolls fuel rate cut bets
Gold price (XAU/USD) posts modest gains near $4,210 during the early Asian trading hours on Thursday. The precious metal edges higher amid growing expectations of a US interest rate cut next week.Fxstreet
Thu, Dec 4
Gold floats around $4,200 amid US Dollar slide and growing Fed-pivot bets
Gold price declines some 0.20% on Wednesday as US economic data, although mixed, reaffirmes traders’ expectations for a rate cut next week at the Fed's meeting. XAU/USD trades above $4,200 after bouncing off daily highss of $4,240.Fxstreet
Wed, Dec 3
WTI edges higher even as EIA data signals weaker demand
West Texas Intermediate (WTI) edges higher on Wednesday after a brief dip as traders digest the latest US Energy Information Administration (EIA) crude inventory report. At the time of writing, WTI is trading near $59.10, up nearly 1.00% on the day.Gold holds steady ahead of key US data releases
Gold (XAU/USD) trades slightly softer on Wednesday as investors adopt a cautious stance ahead of the upcoming US economic data releases due later in the day. At the time of writing, XAU/USD is consolidating around the $4,200 psychological mark after easing from an intraday high near $4,228.Fxstreet
Wed, Dec 3
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