Gold price (XAU/USD) trades with a positive bias around the $2,820 region during the Asian session on Tuesday and remains close to the all-time peak touched the previous day.
Gold price attracts buyers for the fourth straight day amid worries about Trump’s tariffs. Bets for more Fed rate cuts and inflation concerns further benefit the XAU/USD pair. Rebounding US bond yields and a modest USD uptick might cap gains for the commodity. Gold price trades with a positive bias around the $2,820 region during the Asian session on Tuesday and remains close to the all-time peak touched the previous day.
On the flip side, bulls are likely to pause near the $2,830 area, or the record peak touched on Monday. Some follow-through buying, however, will set the stage for an extension of a well-established trend witnessed from the December swing low, around the $2,583 region. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange.
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 attracts some sellers below $2,700, eyes on Trump's inaugurationGold price (XAU/USD) extends its decline to near $2,695 during the early Asian session on Monday.
Read more »
Gold (XAU/USD) Price Analysis: Targeting 2804.4This technical article analyzes the GOLD (XAU/USD) price trend, identifying a bullish 5-wave pattern from the December 18th low. The article discusses Elliott Wave analysis, target projections, and potential pullbacks. It highlights key levels and advises traders on navigating the market.
Read more »
Gold Price Forecast: XAU/USD loses ground to near $2,765 on renewed US Dollar demandGold price (XAU/USD) edges lower to around $2,765 during the early Asian session on Monday, pressured by the renewed US Dollar (USD) demand.
Read more »
Gold Price Forecast: XAU/USD drifts lower below $2,800 after Trump imposes tariffsGold price (XAU/USD) edges lower to around $2,795 during the early Asian session on Monday.
Read more »
XAU/USD outlook: Gold extends gains on Trump's latest comments, nears record highGold price accelerated higher on Friday, offsetting initial negative signal that was developing on daily chart, from Thursday’s Hanging man candlestick.
Read more »
Gold Stocks: A Potential Outperformance Opportunity in 2024This article discusses the potential for gold and gold stocks to outperform in 2024 amidst market uncertainty. It analyzes the performance of GLD and GDX, highlighting the underperformance of gold stocks compared to gold. The article suggests that a 'catch up' trade could be in play, with gold stocks closing the gap with stronger gold prices. It also identifies Kinross Gold Corp. (KGC) as a top performer within the gold space.
Read more »