US EditionGold Demand Holds Firm As Dollar Confidence Wavers - SPDR Gold Trust (ARCA:GLD)
- Gold prices held near a two-week high on May 27 as spot gold rose slightly in Bengaluru amid a weakening US dollar and trade uncertainty.
- The rise followed US President Donald Trump's delay of planned 50% tariffs on EU imports and concerns about the expanding US federal debt from a recent tax-cut bill.
- Market attention also focused on the US dollar index easing to a one-month low, supportive fiscal outlook worries, and increased gold imports by China due to eased restrictions.
- Senior analyst Kelvin Wong highlighted that the growing U.S. Budget deficit is bolstering gold prices while putting downward pressure on the dollar, with the SPDR Gold Trust having gained nearly 28% since the start of the year.
- The persistent gold demand amid dollar volatility and fiscal concerns indicates ongoing investor interest as markets await further US economic data and Federal Reserve signals.
17 Articles
17 Articles
Gold Demand Holds Firm As Dollar Confidence Wavers - SPDR Gold Trust (ARCA:GLD)
The recent slide of the U.S. dollar has reignited investor interest in gold. Tailwinds for the yellow metal have been twofold, from geopolitical uncertainty and concerns over the long-term sustainability of American fiscal policy. The latest blow to dollar confidence came from Moody's downgrade, as the agency cited the U.S. government's ballooning debt load and the absence of meaningful policy measures to curb it. Meanwhile, the latest data sugg…
Gold and the Great American Monetary Resets: From 1792 to Today
Gold has been at the heart of the US monetary system since the nation’s founding, evolving from a direct anchor for the dollar to a strategic reserve asset. Though it no longer backs the dollar, gold remains a cornerstone of central bank reserves, a discreet but powerful force in global finance. Throughout American history, monetary resets have been a recurring theme—and more often than not, they have revolved around gold because gold is money. …
Gold dips as dollar firms, investors eye US fiscal woes, rate signals
KUALA LUMPUR: Gold prices slipped on Tuesday as the dollar regained some lost ground, while persistent concerns over the US fiscal outlook and anticipation of key economic data kept investors cautious about the interest rate trajectory. © New Straits Times Press (M) Bhd
Emirates24|7
ZawyaGold hovers near two-week high on dollar weakness, US fiscal woes
Gold hovered close to a two-week high on Tuesday, supported by a weaker dollar and concerns over the U.S. fiscal outlook, while investors awaited more U.S. economic data for more clarity on interest rate trajectory. Spot gold was little changed at $3,339.99 an ounce, as of 0228 GMT. Markets in the U.S. and London were closed on Monday for a holiday. U.S. gold futures fell 0.8% to $3,339.80. "At this point, we are seeing some consolidation in gol…
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