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Gold climbs to $3,646 as soft US PPI and geopolitical risks lift safe-haven demand
Gold price surges on Wednesday, up by over 0.60%, folllowing US inflation data, which increased speculation that the Federal Reserve (Fed) will resume its easing cycle at the upcoming September meeting. At the time of writing, XAU/USD trades at $3,646, shy of the record high of $3,674.
Gold rebounds above $3,650 ahead of US PPI inflation report
Gold (XAU/USD) edges up on Wednesday following a sharp reversal the previous day, with the metal soaring to an all-time high near $3,675 before retreating to settle at around $3,625.
Gold Price Forecast: XAU/USD holds above $3,620, on a soft USD, geopolitical tensions
Gold keeps trading higher on Wednesday despite its overstretched condition and technical signals anticipating a bearish correction. The weak US Dollar, amid rising bets of Fed easing and rising geopolitical tensions in Europe and the Middle East, keeps Bullion's safe-haven appeal intact.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver Price Forecast: XAG/USD rebounds toward $41.50 as bullish bias persists
Silver price (XAG/USD) recovers its recent losses from the previous session, trading around $41.10 per troy ounce during the early European hours on Wednesday.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Silver Price Forecast: XAG/USD drifts higher to near $41.00 on odds of bigger Fed rate cut
The Silver price (XAG/USD) attracts some buyers to around $41.00 during the Asian trading hours on Wednesday. The white metal edges higher amid a weaker US Dollar (USD) and the escalating tension in the Middle East.
Gold regains positive traction amid Fed rate cut bets and safe-haven demand
Gold (XAU/USD) attracts some dip-buyers near the $3,620 area during the Asian session on Wednesday, and for now, seems to have stalled its retracement slide from the all-time peak touched the previous day.
Gold hits $3,674 record before US Dollar rebound caps rally
Gold price advanced for the third consecutive day and reached a new record high of $3,674, before retreating somewhat as a jump in US Treasury yields boosted appetite for the Greenback.
Silver Price Forecast: XAG/USD consolidates below $41.50 with bearish RSI divergence
Silver (XAG/USD) trades under pressure on Tuesday, retreating from recent highs as a modest rebound in the US Dollar (USD) and Treasury yields weighs on the metal. At the time of writing, spot prices are trading near $40.85, down over 1% on the day.
Breaking: Gold hits new record-high on reports of Israel attacking Hamas officials in Qatar
Gold gathers bullish momentum and trades at a new record-high above $3,660 on Tuesday. At the time of press, XAU/USD was up 0.85% on the day at $3,666.
Gold consolidates near $3,650 ahead of US NFP benchmark revision
Gold (XAU/USD) extends its record-breaking rally on Tuesday to a fresh all-time high near $3,660, marking the third straight day of gains and pushing into uncharted territory. At the time of writing, XAU/USD is trading around $3,650, up nearly 0.50% on the day.
China imports large quantities of Copper ore in August - Commerzbank
The price of Copper fell below the $10,000 per ton mark again on Friday following the release of US labor market data, Commerzbank's commodity analyst Barbara Lambrecht notes.
Gold Price Forecast: XAU/USD shouts for a correction at fresh highs past $3,650
Gold keeps marching higher on Tuesday and has reached a fresh all-time high above $3,650.
Are US inflation figures slowing down the price of Gold? - Commerzbank
The Gold price has continued to rise, reaching a new record high at the start of the new week, currently at $3,660 per troy ounce, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
LME Aluminium cancelled warrants jump to June highs - ING
Aluminium cancelled warrants on the LME surged by 32,000 tonnes to 42,850 tonnes, the highest since early June, marking the largest daily increase since January.
Gold climbs to another record high - ING
In precious metals, Gold surged to a fresh record high with spot prices moving above $3,654/oz this morning, ING's commodity experts Ewa Manthey and Warren Patterson note.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
Silver Price Forecast: XAG/USD tests $41.50 barrier near 14-year highs
Silver price (XAG/USD) remains steady after two days of gains, trading around $41.40 per troy ounce during the early European hours on Tuesday.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
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