Gold price keeps advancing on Thursday, now trading around $2,215.
XAU/USD Current price: $2,214.47 Hawkish comments from Fed Governor Chris Waller propelled markets ahead of the long weekend. The US will release the Personal Consumption Expenditures Price Index on Friday. XAU/USD extended gains for a fourth consecutive day, aims to reach fresh record highs. The XAU/USD pair is up for a fourth consecutive day and flirts with record highs as market players assess the latest comments from Federal Reserve officials.
US indexes maintain a positive tone, although gains are modest. Markets are already entering wait-and-see mode. At the same time, government bonds turned higher, weighing on yields. The 10-year note currently offers 4.18%, down 1 basis point from its daily opening. XAU/USD short-term technical outlook From a technical point of view, XAU/USD rally is far from done.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD consolidates around $2,175 ahead of a fresh catalystGold trades within familiar levels on Monday amid a scarce macroeconomic calendar and easing US Dollar demand.
Read more »
Gold Price Forecast: XAU/USD retreats from record highsGold price reached an all-time high on Thursday, with the bright metal trading as high as $2,222.65 a troy ounce during Asian trading hours.
Read more »
Gold Price Forecast: XAU/USD could rebound toward record highs if $2,145 support holdsGold price is licking its wounds near $2,160 after witnessing about 1% percent correction from near record highs of $2,195 on Tuesday.
Read more »
Gold Price Forecast: XAU/USD extends rally above $2,170 amid weaker US Dollar, geopolitical tension risksGold Price (XAU/USD) extends its upside above the mid-$2,150 during the early Asian trading hours on Tuesday.
Read more »
Gold Price Forecast: XAU/USD retraces recent losses, rises to near $2,170Gold price rises to near $2,170 per troy ounce, reclaiming losses from the previous two sessions.
Read more »
Gold Price Forecast: XAU/USD eyes acceptance above $2,200 amid bullish technicalsGold price is rebounding firmly toward the $2,200 threshold in Monday’s Asian trading so far, as the US Dollar recovery takes a breather amid sluggish US Treasury bond yields and a mixed market mood.
Read more »