XAU/USD drops as strong US Dollar pressures Bullion; tariff uncertainty rattles markets. US core PCE dips in April, but strong data lifts yields, dampening Gold’s appeal. Trump accuses China of violating trade deal, reviving geopolitical and tariff concerns. Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in […]
Dollar initially surged after the US Court of International Trade ruled against President Donald Trump’s sweeping reciprocal tariff orders. Market participants initially interpreted the ruling as a potential turning point in the US trade policy, fueling a rally in the greenback and risk assets. However, the greenback’s rally proved short-lived. As the US session opened,
Dollar’s rebound gather extra momentum today, after the US Court of International Trade struck down President Donald Trump’s sweeping reciprocal tariffs, giving markets a fresh catalyst. The court ruled that the reciprocal tariffs imposed in April across multiple countries under claims of correcting trade imbalances exceeded presidential authority under the International Emergency Economic Powers Act.
Gold drops 0.27% after Fed cites tariff-driven inflation concerns; yields rebound, stalling bullion’s rally. Fed minutes highlight risks of persistent inflation and weakening job growth, prompting cautious rate stance. US bond yields rebound, lifting the Dollar and pressuring Gold below $3,300. Goldman Sachs urges increased Gold exposure amid rising geopolitical risks and central bank demand.
Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge. Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears. Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact. Gold price drops more than 0.50% on Monday amid the lack of demand for
Global markets are showing tentative signs of relief after US President Donald Trump walked back his threat to impose a 50% tariff on the European Union. The abrupt shift to reinstate a July 9 deadline for negotiations has helped ease investor concerns for now. Stocks in Germany and France are trading modestly higher in European
Gold price resides below $3,340 on Monday, and takes back some of Friday’s gains. Markets rejoice and head into risk-on tone after Trump announced a delay on EU tariffs until July 9. US debt concerns are in the background but remain lingering, capping the downside for the precious metal. Gold (XAU/USD) price slips on Monday
Gold prices fell in United Arab Emirates on Monday, according to data compiled by FXStreet. The price for Gold stood at 395.50 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 396.53 it cost on Friday. The price for Gold decreased to AED 4,613.08 per tola from AED 4,625.02 per tola on
Gold price edges lower to $3,335 in Monday’s Asian session. Trump set a July 9 deadline for a trade deal with the European Union. Renewed inflation concerns and recession fears might help limit the Gold’s losses. The Gold price (XAU/USD) attracts some sellers to near $3,335 during the early Asian session on Monday. The de-escalation of
Trade war roared back into focus late last week, derailing fragile market sentiment already strained by concerns over the ballooning US deficit. The catalyst came in the form of a sharp threat from US President Donald Trump on European Union imports. This abrupt escalation shattered hopes that the 90-day truce period would lead to calmer
Dollar came under broad selling pressure in Asian session, with fresh technical signals suggesting that the near-term recovery has already run its course. Also, the selloff appears to be gathering pace on a range of fundamental concerns. One focus is on Capitol Hill, where the House of Representatives is expected to vote on a multitrillion-dollar
Just as markets were finding their footing following a series of positive trade developments, Moody’s delivered a late-week shock by downgrading the US sovereign credit rating from Aaa to Aa1. The move overshadowed the optimism sparked by the US-China tariff truce and the broader de-escalation of trade tensions. The trade outlook appears less volatile in
“The price of Gold went on a bit of a rollercoaster ride on Thursday, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes. Gold Swings $100 as trade tensions ease, inflation cools “After briefly dipping towards $3,120 per troy ounce, it recovered by more than $100 at times over the course of the
Mild risk-off mood is helping Yen to extend its near-term rebound, despite fresh signs of economic weakness at home. Japan’s economy was already showing signs of strain even before the impact of US tariffs, with Q1 GDP contracting more sharply than expected. BoJ is left in an increasingly precarious position, wedged between deteriorating growth and
Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet. The price for Gold stood at 29,134.04 Pakistani Rupees (PKR) per gram, down compared with the PKR 29,333.40 it cost on Thursday. The price for Gold decreased to PKR 339,813.20 per tola from PKR 342,139.00 per tola a day earlier. Unit measure
Markets opened the week on a subdued note despite the White House’s announcement that a trade agreement had been reached with China following negotiations in Switzerland. Despite the positive headline, investor reaction has been muted with lackluster performance in Asian stocks. Traders appear to be holding back judgment, at least until US Treasury Secretary Scott
Gold price struggles to capitalize on its weekly gains registered over the past two days. The optimism over US-China trade talks is seen weighing on the safe-haven commodity. Investors now look to the crucial FOMC policy decision for a fresh directional impetus. Gold price (XAU/USD) recovers slightly from the Asian session low, around the $3,360
