OANDA:XAUUSD hit another all-time high as U.S. President Donald Trump's threat of tariffs increased market fears of a global trade war, boosting safe-haven demand. Trump's tariff policy and global market reaction Trump said on Wednesday that he would announce new tariffs on lumber, autos, semiconductors and pharmaceuticals "next month or sooner." Since taking...
During the Asian trading session, OANDA:XAUUSD spot delivery at about 2,930 USD/ounce; Yesterday the price of gold skyrocketed to 36USSD. On this trading day, the Federal Reserve meeting minutes are expected to cause major volatility in the gold market. On Tuesday, as US President Trump's tariff plan sparked market concerns about US economic growth, funds poured...
OANDA:XAUUSD have leveled off after a series of record increases, ending the week below 2,900 USD/oz due to strong profit-taking activities. The main reason is that geopolitical tensions in Eastern Europe have eased, reducing the need for safe havens. President Donald Trump had a phone call with Russian President Vladimir Putin about ending hostilities in Ukraine...
During the early morning trading session on Thursday (February 20), spot gold prices suddenly increased rapidly in the short term and gold prices stabilized above 2,940 USD/ounce, approaching the historic high set in the previous trading day. Trump just issued another tariff threat On Wednesday evening local time, US President Trump reiterated that he will...
OANDA:XAUUSD Spot delivery increased significantly due to factors such as a weaker US Dollar, geopolitical risks and uncertainty in US trade policy. As of the time this article was completed, spot gold increased to 2,909 USD/oz, an increase equivalent to 0.39% on the day. The World Gold Council revealed central banks purchased more than 1,000 tons of gold for...
OANDA:XAUUSD has recovered as US Treasury yields plummet amid a trade war, existential and dangerous. The increase in gold purchases by central banks has created more room for gold price increases. US real yields, which are inversely correlated with gold prices, fell 8 basis points to 2.072%, which is positive for gold. The 10-year US Treasury yield fell 10...
OANDA:XAUUSD fell significantly as investors took profits after hitting record highs, but remained optimistic as US President Donald Trump's new tariffs raised fears of a global trade war. Trump has sharply increased tariffs on steel and aluminum imports to 25% with "no exceptions or exemptions," a move he hopes will help struggling U.S. industries but could...
US President Donald Trump vowed to impose "retaliatory tariffs" on all countries that impose duties on US imports as early as Wednesday evening (February 12) local time, raising concerns about the expansion of the global trade war and possibly accelerating US inflation. This is beneficial for gold to recover quickly. Trump's latest round of tariffs unsettled...
1. Interest rate outlook: Reiterating that there is no need to rush to adjust interest rates. If the economy remains strong and inflation does not get close to 2%, policy can remain prudent for longer. If the labor market weakens unexpectedly or inflation falls more than expected, policy could be loosened modestly. 2. Inflation situation: Long-term inflation...
OANDA:XAUUSD Spot trading fluctuated strongly, sometimes soaring to a record high, but then plummeting nearly 40 dollars to the highest level. However, gold prices still increased during the day. On Monday local time, US President Trump signed an executive order announcing a 25% tariff on all steel and aluminum imports into the United States. Trump said there...
This week, rising Treasury yields and the threat of a global trade war are contributing to a stagflation environment, causing investors to rush into gold, and spot gold prices at one point climbed as high as $2,886/oz. US President Donald Trump has launched trade war 2.0 with the imposition of strong tariffs on imports from Canada, Mexico and China. The 25%...
During the Asian trading session on Monday (February 10), OANDA:XAUUSD Spot has recovered strongly after a short decline. Gold price has now recovered to about 2,874 USD/ounce, a sharp increase of about 15 USD during the day. US President Donald Trump said on Sunday local time that he would announce a 25% tariff on all imported steel and aluminum on...
OANDA:XAUUSD Strong correction then quickly recovered and returned to close to $2,878, an important technical level for a new up cycle to open. In economic data released Thursday, the U.S. Labor Department reported that initial jobless claims rose 11,000 to 219,000 last week, compared with an expected 213,000. The data has weighed on the US Dollar Index (Dxy)...
OANDA:XAUUSD increased sharply and reached a record high as uncertainty about Trump's policies prompted buying of safe assets, along with a decline in the US Dollar and US Treasury bond yields. OANDA:XAUUSD renews record highs as traders seek safe haven. The escalation of the Sino-US trade war has caused investors to flock to gold as a safe haven. Earlier...
OANDA:XAUUSD spiked to a new record high, with continued upward momentum pushing the relative strength index (RSI) into overbought territory. Upcoming changes in US trade policy could support precious metals prices as they will increase uncertainty about the outlook for global economic growth. Against this backdrop, monetary authorities may still face pressure...
Gold prices have just completed an accumulation period and this week broke out to a record high. Specifically, gold price increased quite strongly from 2,732 USD/oz to 2,817 USD/oz, then decreased and closed the week at 2,799 USD/oz. The White House announced that from February 1, 2025, the US will impose a tax of 25% on imports from Canada and Mexico, and 10%...
OANDA:XAUUSD Spot prices fell below 2,780 USD/ounce and recovered slightly. As of the time this article was completed, gold prices were trading at around 2,783 USD/ounce, as the strong US Dollar overshadowed safe haven demand. after the United States announced tariffs on imports from Canada, Mexico and China. On February 1, US President Trump signed an...
Last week, the gold market continued to benefit from concerns related to tariffs and US President Donald Trump's statements on interest rates, along with a decrease in US bond yields and the USD, and gold prices traded. trading near a 3-week high of above 2,750 USD/ounce. Ahead of the monetary policy meeting next week, it is predicted that the US Central Bank...