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Gold slides nearly 2% as US Dollar strength triggers fresh liquidation
Gold price (XAU/USD) tumbles during the North American session on Thursday as precious metals continue their liquidation mode, while the Greenback recovers some ground amid worse-than-expected economic data in the US.
Fxstreet
Thu, Feb 5
Gold Price Forecast: XAU/USD hovers below $5,000, recent recovery losses steam
Gold (XAU/USD) is accelerating its reversal from Wednesday’s highs near $5,100, trading at $4,865 at the time of writing, with downside attempts contained below $4,790 for now. Precious metals are losing ground despite the risk-averse sentiment, as the US Dollar appreciates across the board.Fxstreet
Thu, Feb 5
Silver Price Forecast: XAG/USD trades near $77.00 after plunging over 10%
Silver price (XAG/USD) plunged over 10% after two days of gains, trading around $77.00 per troy ounce during the Asian hours on Thursday. Silver prices fall as precious metals face renewed selling pressure and increased volatility.Fxstreet
Thu, Feb 5
Gold Price Forecast: XAU/USD rises above $5,000 as ongoing US-Iran tensions boost safe-haven demand
Gold price (XAU/USD) jumps to around $5,005 during the early Asian session on Thursday. The precious metal rebounds following a period of intense volatility. Traders weigh the next round of US economic signals and the broader demand for safe-haven assets.Fxstreet
Thu, Feb 5
Gold slides nearly 1% as US Dollar firms, geopolitics tensions de-escalate
Gold price retreats during the North American session on Wednesday, down more than 1% after reaching a three-day high of $5,091. A mixed market mood and modest US Dollar strength keep XAU/USD trading with losses at around $4,901 at the time of writing.Fxstreet
Wed, Feb 4
Gold: Record outflows from ETFs – BNY
BNY's report, authored by Head of Markets Macro Strategy Bob Savage, discusses significant outflows from China's gold ETFs, totaling nearly $1 billion, following a sharp decline in gold prices. This trend reflects fragile investor sentiment after a recent peak in gold prices.Fxstreet
Wed, Feb 4
Gold: Sentiment stabilizing after sell-off – OCBC Bank
The report from OCBC Bank, authored by Sim Moh Siong and Christopher Wong, notes that Gold and Silver have rebounded due to dip-buying interest as liquidation pressures eased. However, sentiment remains cautious, and the report anticipates consolidation rather than a trend reversal.Fxstreet
Wed, Feb 4
Gold Price Forecast: XAU/USD holds above $5,000 with US employment in focus
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, standing above the $5,000 psychological level, trading at $ 5,050 at the time of writing, with markets calm ahead of the release of the US ADP Employment Change Report, due later on Wednesday.Fxstreet
Wed, Feb 4
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