TAG XAU/USD

All is quiet on the western trade war front

All is quiet on the western trade war front For a change,  all is quiet on the western trade war front as the drop in aggressive US tariff posturing and the nonfarm payroll after effects have propelled US equity market to the third consecutive day of substantial gains. While traders sit tight awaiting the next…

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Gold under pressure after

Gold is trading sideways in the Monday session. In North American trade, the spot price for one ounce of gold is $1278.63, down 0.09% on the day. It’s a quiet start to the week, with no major releases out of the U.S. On Tuesday, the focus is on construction numbers, with the release building permits…

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Gold Steady as Federal Reserve in Focus

Gold has posted small gains in the Wednesday session. In North American trade, the spot price for one ounce of gold is $1297.73, up 0.13% on the day. On the release front, the Federal Reserve is expected to raise interest rates to a range between 1.75% and 2.00%. On the inflation front, there was positive…

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Gold Hugging $1300, Investors Await Fed Hike

Gold has posted slight losses in the Tuesday session. In North American trade, the spot price for one ounce of gold is $1297.56, down 0.20% on the day. On the release front, consumer inflation numbers were within expectations. CPI remained pegged at 0.2% and Core CPI edged up to 0.2%, just above the forecast of 0.1%.…

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Gold Calm at Start of Week, Services PMI Ahead

Gold has posted slight gains in the Monday session. In the North American session, the spot price for one ounce of gold is $1296.65, up 0.21% on the day. On the release front, it’s a quiet start to the week, with no major events on the schedule. US Factory Orders expected to decline 0.4%, after a…

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Gold Pushes Above $1300 on Italy Tensions

Gold has posted gains in the Tuesday session, erasing the losses seen on Monday. In the North American session, the spot price for one ounce of gold is $1303.85, up 0.44% on the day. On the release front, CB Consumer Confidence dipped to 128.0, missing the estimate of 128.0 points. On Wednesday, there are two key…

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