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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
Gold Price Forecast: XAU/USD holds near record highs with $3,940 holding bears
Gold remains steady right below all-time highs, at $3,973, supported by a cautious market mood on Tuesday. The precious metal is trading right below $3,960 during the European morning trading, with downside attempts held above $3,940Fxstreet
Tue, Oct 7
China keeps adding Gold to its reserves – ING
China’s central bank continued to add Gold to its reserves for an 11th consecutive month in September. The People’s Bank of China added 40,000 troy ounces (1.24 tonnes) of Gold to its reserves, taking the total to 74.06 million troy ounces (2,303.5 tonnes).Fxstreet
Tue, Oct 7
Saudi leaves official selling prices unchanged for Asian buyers – ING
ICE Brent and NYMEX WTI continued their upward rally in the early trading session today amid persistent risks to Russian Oil supplies and a moderate output hike by OPEC+, ING's commodity experts Ewa Manthey and Warren Patterson note.Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $61.67 per barrel, up from Monday’s close at $61.51.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.37 price posted on Monday, and trading at $65.56.Gold Price Forecast: XAU/USD drifts higher above $3,950 on global uncertainty
Gold price (XAU/USD) extends its rally to around $3,970 during the early Asian session on Tuesday. The precious metal edges higher on political uncertainty across the globe and the expectation of a US interest rate cut.Fxstreet
Mon, Oct 6
Gold blasts past $3,950 as shutdown, uncertainty fuels haven rush
Gold price rallies to a new record high past the $3,900 figure on Monday, hitting $3,970 as the US government continues its shutdown, while investors are pricing in another rate cut by the Federal Reserve (Fed) at the upcoming October 29 meeting. XAU/USD trades at $3,952, up 1.73%, at the time of wFxstreet
Mon, Oct 6
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