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Gold Price Forecast: XAU/USD attracts some sellers to below $3,350 amid tariff uncertainty
The Gold price (XAU/USD) attracts some sellers to around $3,320 during the early Asian session on Monday. The precious metal edges lower as the US June Nonfarm Payrolls (NFP) report altered the US Federal Reserve (Fed) policy expectations.
Fxstreet
Mon, Jul 7
OPEC+ agrees to a bigger-than-expected production increase in August - Bloomberg
The Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed on Saturday to hike their collective crude production by 548,000 barrels per day (bpd), as they continue to unwind a set of voluntary supply cuts, per Bloomberg. This is faster than the 411,000 bps expected.
Gold price shines as USD slips, trade war fuels safe-haven demand
Gold price resumes its uptrend on Friday, poised to print gains of over 1.50% for the week as the US Dollar is on the back foot amid thin liquidity conditions following the closure of US markets in celebration of Independence Day. A slight escalation of the trade war boosted bullion prices.Fxstreet
Fri, Jul 4
Gold firms as Trump's tax bill, tariff risks fuel safe-haven demand
Gold (XAU/USD) is trading higher on Friday as news about United States (US) President Donald Trump’s passage of the “Big, Beautiful, Bill” filters through markets. With markets closed in the US in celebration of Independence Day, XAU/USD is trading above $3,330 at the time of writing.Fxstreet
Fri, Jul 4
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $66.15 per barrel, down from Thursday’s close at $66.35.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $68.32 after its previous daily close at $68.59.Gold drops on stellar US NFP report, dims July Fed rate cut hopes
Gold price fell 0.80% on Thursday as a strong US Nonfarm Payrolls report strengthened the US Dollar, leading market participants to believe it unlikely that the Fed could cut rates at the July meeting. At the time of writing, the XAU/USD trades at $3,332, having reached a daily high of $3,365.Fxstreet
Thu, Jul 3
Gold Price Forecast: XAU/USD trades firmly near weekly high around $3,360 with US NFP in focus
Gold price (XAU/USD) holds onto gains near the weekly high around $3,365 during the European trading session on Thursday. The yellow metal trades firmly ahead of the United States (USD) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.Fxstreet
Thu, Jul 3
OIL Price Forecast: WTI approaches the range top at the $67.00 area
WTI Crude Prices jumped on Wednesday following news that Iran suspended its cooperation with the International Atomic Energy Agency (IAEA) and is holding gains on Thursday, despite the unexpected increase in US Oil stocks.Tehran announced on Web¡nesday that President Masoud Pezeshian approved a lawFeatured Tools
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