Gold price (XAU/USD) edges lower to $2,325 on Monday during the early Asian trading hours.
Gold price trades softer around $2,325 in Monday’s early Asian session. The US PCE price index was not sufficient to prompt the Federal Reserve rate cut, weighing on the yellow metal. Israeli Prime Minister begrudgingly accepted the US President's plan for a ceasefire in Gaza on Sunday. Gold price edges lower to $2,325 on Monday during the early Asian trading hours.
Meanwhile, the Core PCE, excluding volatile food and energy, advanced 0.2% MoM in April as compared to a 0.3% gain in March. On an annual basis, the core PCE price index climbed 2.8% for the third consecutive month. On Sunday, Israeli Prime Minister Benjamin Netanyahu's administration reluctantly agreed to President Biden's proposal for a Gaza cease-fire. The negotiations take place as theattack in Rafah continues after intensive Israeli airstrikes over the weekend, per the BBC.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD plummets amid Harmony Gold newsHarmony Gold, the largest gold mining company in SA interrupted blasting operations after a fatal accident.
Read more »
Gold Price Forecast: XAU/USD holds below $2,300, Fedspeak eyedGold price (XAU/USD) loses its recovery momentum around $2,295 on Monday during the early Asian session.
Read more »
Gold Price Forecast: XAU/USD trimmed part of its latest losses, holds above $2,350Gold prices are up on Monday, with XAU/USD trading at around $2,355 after the European close.
Read more »
Gold Price Forecast: XAU/USD extends slide below $2,350.00Spot Gold kept falling on Thursday, with XAU/USD trading as low as $2,340.28 at the beginning of the American session.
Read more »
Gold Price Forecast: XAU/USD holds on to modest gains around $2,320Spot Gold turned positive at the beginning of the week, with XAU/USD reaching an intraday high of $2,331.88.
Read more »
Gold Price Forecast: XAU/USD extends the rally near $2,360 amid geopolitical risksThe gold price (XAU/USD) extends its upside near $2,360 on Monday during the early Asian trading hours.
Read more »