Gold Eases on Firmer Dollar, Solid US Data

Gold Steady as Traders Weigh US Economy, Rate Cut Directions

Gold steadied and was set for a moderate weekly loss as investors assessed the outlook for Federal Reserve rate cuts after resilient US jobs and retail data eased concerns about the economy.

Gold eases on firmer dollar, solid US data

Gold eased, after upbeat U.S. economic data aided the Federal Reserve's cautious stance on resuming monetary easing this year.

XAU/USD approaches weekly lows at $3,320

Gold retraces Wednesday’s gains and approaches weekly lows at $3,320. A stronger US Dollar amid investors’ concerns about the global trade outlook is weighing on Gold. XAU/USD needs to break the $3,310-$3,320 to confirm a trend shift. Gold (XAU/USD) is trading lower on Thursday, weighed by a stronger US Dollar, with risk appetite subdued amid ongoing uncertainty about global trade and rumours about the resignation of the Fed Chair Jerome Powell.…

Is Gold Price Running Out Of Steam? Resistance at $3,360 As Tariff Fears Calm

Gold price inched up on Friday, gaining $0.4% at the time of writing to trade at $3,355 per ounce at the spot market. The yellow metal previously struggled to find traction above the $3,360 mark and its current momentum signals that trend is likely to continue. Tariff-driven gold demand has cooled down this week as nations affected by high US trade tariffs have not announced retaliatory moves. A new set of US trade tariffs will kick in on August…

Gold drifts higher; platinum at highest in over a decade

Spot gold was up 0.4% at $3,350.87 per ounce, as of 1013 GMT, after falling 1.1% in the previous session. The bullion has receded 0.1% so far this week