Gold prices retreated below the $3,400 level on Tuesday despite deteriorating risk appetite as overall US Dollar (USD) strength drove the yellow metal lower. Nevertheless, the escalation of the Israel–Iran conflict would likely underpin the precious metal due to its safe-haven appeal.
Gold price (XAU/USD) trades 0.4% higher to near $3,400 during European trading hours on Tuesday. The yellow metal edges up as demand for safe-haven assets remains firm amid conflicts in the Middle East.
Gold moves higher against the US Dollar (USD) on Tuesday as traders digest mixed US Retail Sales data and monitor escalating tensions in the Middle East. At the time of writing, XAU/USD is trading around $3,392, supported by rising safe-haven demand amid renewed geopolitical risks.
Gold is moving higher again as Trump’s Tehran warning has sparked haven buying. Prices rose above $3,400/oz in early Asian trading on Tuesday after a 1.4% slide on Monday – the biggest one day decline in a month, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold price (XAU/USD) extends its intraday directionless price move and remains below the $3,400 mark through the first half of the European session on Tuesday.
Gold price tumbled below $3,400 during the North American session, down over 1% despite tensions in the Middle East remaining high as the Israel-Iran conflict escalates. At the time of writing, XAU/USD trades at $3,399 after reaching an eight-week peak of $3,452.
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Gold is higher at the Monday open, getting closer to a fresh all-time high, with rising tensions in the Middle East fuelling haven demand, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Gold price (XAU/USD) sticks to intraday losses through the first half of the European session and now seems to have snapped a three-day winning streak to a nearly two-month peak touched earlier this Monday.
The Gold price (XAU/USD) attracts some buyers to near $3,445 during the early Asian session on Monday. The precious metal rises to over a one-month high due to escalating Middle East tensions and rising bets of a Federal Reserve (Fed) rate cut.
Gold price rallied for the third consecutive day after the Israel-Iran conflict erupted on Friday, triggering a risk-off mood in financial markets as fears that it could escalate loom. At the time of writing, XAU/USD trades at $3,422, up more than 1%.
The Gold price rose to $3,445 per troy ounce overnight in response to Israel's attacks on Iran, the highest level since the record high almost two months ago, Commerzbank's commodity analyst Carsten Fritsch notes.
In response to Israel's attacks on Iran, the price of Gold also jumped, albeit without reaching a new record high, Commerzbank's commodity analysts Barbara Lambrecht and Carsten Fritsch notes.
Gold resumes its upward trajectory after holding key support levels, now challenging recent highs with upside targets in sight, Société Générale's FX analysts note.
Gold price (XAU/USD) sticks to its bullish tone for the third consecutive day on Friday and trades close to its highest level since April 22 through the first half of the European session.
Oil prices have jumped almost 8 per cent, and gold added over 1.15 per cent this morning (Friday) after an Israeli strike on Iran that targeted nuclear facilities, ballistic missile factories, and ...
The Gold Price (XAU/USD) rises to over five-month highs near $3,425 during the Asian trading hours on Friday. Rising geopolitical tensions in the Middle East and rising bets on Federal Reserve (Fed) rate cuts provide some support to the precious metal.
Gold price rallies for the second straight day, shy of testing the $3,400 figure following the release of softer inflation and jobs data in the United States (US) as geopolitical tensions grow in the Middle East. The XAU/USD trades at $3,386 at the time of writing.
Gold price (XAU/USD) reverses an early European session slide to the $3,338 area and is currently placed in neutral territory, just below a one-week high touched this Wednesday.
Gold has overtaken the Euro (EUR) as the second-largest asset in the reserves of the world’s central banks, driven by record purchases and rising prices, according to the European Central Bank (ECB).
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