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Gold: Aggressive correction expected – BNY
Bob Savage, Head of Markets Macro Strategy at BNY, notes a significant correction in Gold prices, driven by the nomination of Kevin Warsh as the next Fed chair, which has strengthened the U.S. Dollar. Gold fell sharply, with a 5.9% drop, while Silver and Platinum saw declines of over 10%.
Fxstreet
Fri, Jan 30
Gold tumbles as profit-taking and a firmer US Dollar weigh
Gold (XAU/USD) comes under intense selling pressure on Friday, giving back all the gains registered earlier this week as extreme volatility triggers broad-based liquidation of leveraged positions. Meanwhile, traders also lock in profits at elevated price levels.Fxstreet
Fri, Jan 30
Gold Price Forecast: XAU/USD corrects lower with $5,000 on the bears focus
Gold’s (XAU/USD) rally came to an abrupt halt on Thursday. The precious metal dropped nearly 10% in less than 24 hours and is trading around $5,080 at the time of writing, with the $5,000 psychological level at a short distance.Fxstreet
Fri, Jan 30
Gold: Record-breaking streak ends – Rabobank
Rabobank's report notes that Gold has seen a significant retracement, ending its record-breaking streak. The precious metal is currently down about 8% from its peak, influenced by market reactions to potential changes in US monetary policy.Fxstreet
Fri, Jan 30
Gold Prices Fall to $5,160, Silver Prices Fall to $106
Gold prices pulled back below $5,182 per ounce, erasing gains made since Wednesday. Silver prices retraced below $106 per ounce, wiping out Wednesday's gains and eroding a portion of Tuesday’s advance. Beyond the apparent cooling of sentiment, this downward trend is driven by multiple factors: policWTI slumps to near $64.00 on oversupply concerns and strong Dollar, Iran tensions limit losses
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.00 during the early European trading hours on Friday. The WTI price falls after hitting its highest since late September as oversupply concerns weigh on the price.
Gold declines as government funding deal boosts USD and prompts profit-taking
Gold (XAU/USD) is witnessing heavy liquidation for the second straight day on Friday, following the parabolic rise of more than 25% since the beginning of this month and a series of record highs set over the past two weeks or so.Fxstreet
Fri, Jan 30
Gold Price Forecast: XAU/USD edges higher above $5,400 as traders await Trump’s Fed Chair pick
Gold price (XAU/USD) holds positive ground around $5,405 during the early Asian session on Friday. The precious metal hit a record high near $5,600 before paring gains due to profit-taking in the previous session.Fxstreet
Fri, Jan 30
Gold trims losses, peaks near $5,600, set for strongest month in decades
Gold (XAU/USD) trims some of its earlier losses on Thursday as traders book profits following the Federal Reserve’s (Fed) monetary policy decision, which barely moved the needle as the yellow metal seems poised to record its best month since the 1980s.Fxstreet
Thu, Jan 29
Gold slumps over 3% from $5,600 peak tech rout sparks profit-taking
Gold (XAU/USD) plummets more than 3% on Thursday amid the lack of a catalyst that has pushed Silver’s down, cooper prices retreating, and six of the Mag 7 equities getting hammered during the North American session. XAU/USD trades at $5266 after reaching a record high near $5,600.Fxstreet
Thu, Jan 29
Gold Price Forecast: XAU/USD consolidates near the $5,600 record high
Another day, another all-time high for Gold (XAU/USD), which has been breaking records for nine consecutive days, showing a dizzying 20% rally in less than two weeks. The pair remains bid on Thursday, as the US Dollar seems unable to perform any significant recovery.Fxstreet
Thu, Jan 29
Gold rallies to fresh record highs on safe-haven demand amid geopolitical tensions
Gold (XAU/USD) adds another leg to its relentless rally on Thursday, building on the previous day’s solid gains of 3.87% as increased volatility and ongoing safe-haven demand continue to drive strong inflows into Bullion.Fxstreet
Thu, Jan 29
Gold: Rally continues with all-time highs – UOB Group
Gold prices surged to an all-time high above $5,500/oz, driven by US dollar weakness and expectations of further monetary easing from the Federal Reserve. The precious metal extended its rally, marking significant gains in recent sessions, notes UOB Global Economics & Markets Research.Fxstreet
Thu, Jan 29
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