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Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy
Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate cuts. XAU/USD trades at $3,594, up 1.30% at the time of writing.
WGC wants to introduce digital Gold - Commerzbank
The World Gold Council (WGC) has presented a new idea aimed at modernizing the Gold market. According to this idea, there are plans to introduce a form of digital Gold, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold steadies below record highs as traders await US Nonfarm Payrolls
Gold (XAU/USD) is trading flat on Friday, holding around $3,550 at the time of writing, as investors turn cautious ahead of the US Nonfarm Payrolls (NFP) report due at 12:30 GMT.
Gold Price Forecast: XAU/USD consolidates around $3,550 ahead of US NFP data for August
Gold price (XAU/USD) trades in a tight range around $3,350 during the European trading session on Friday. The precious metal consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT.
Gold slips below $3,550 as US Dollar rebound offsets Fed cut bets
Gold price edges lower during the North American session on Thursday as the Greenback recovers some ground, even though the latest round of economic data increased speculation that the Federal Reserve may cut interest rates at the September meeting. The XAU/USD trades at $3,542, down 0.48%.
Gold extends rally above $3,550 as weak US JOLTS data lifts Fed cut bets
Gold price extended its gains on Wednesday and is up more than 1%, poised to register record highs during the day, after clearing the mid-point of the $3,500-$3,600 range as economic data from the United States showed the labor market is weakening.
Gold extends rally, notches new record-high above $3,560
Gold extended its uptrend in the second half of the day on Wednesday and touched a new record-high above $3,560. At the time of press, XAU/USD was trading near $3,560, rising 0.85% on a daily basis. For the week, Gold is already up more than 3%.
Gold Price Forecast: XAU/USD extends winning streak for seventh trading day
Gold price (XAU/USD) extends its winning streak for the seventh trading day on Wednesday. The precious metal posts a fresh all-time high near $3,550 as investors have dumped long-dated government bonds across the globe.
Gold: Bullish breakout - OCBC
XAU/USD broke pushed higher into record levels into NY session to firmly close above 3,500. Gold last seen at 3540 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Gold hits fresh record high; bulls not ready to give up despite overbought conditions
Gold touches a fresh record high, around the $3,547 region, during the Asian session on Wednesday, though it struggles to build on the momentum as bulls seem reluctant amid extremely overbought conditions.
Gold smashes record above $3,500 as risk aversion fuels rush
Gold prices soar to a new all-time high past the $3,500 figure on Tuesday, rallying more than 2% even though the US Dollar advances and US Treasury yields rise. Risk aversion dominates, despite forecasts of a potential Federal Reserve (Fed) rate cut in September.
Gold Price Forecast: XAU/USD's reversal from the $3,500 area holds at $3,470
Gold is trading higher for the sixth consecutive day on Tuesday, but the precious metal found sellers at all-time highs right above the $3,500 level, and has given away most of the daily gains, weighed by a strong US Dollar recovery.The US Dollar Index, which measures the value of the Greenback agai
Gold: Watch price action - OCBC
Prices of precious metals - Gold and silver pushed through recent highs on prospects of Fed cutting rates soon. Gold last seen at 3479 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Gold rallies further beyond $3,500, fresh all-time peak and counting
Gold prolongs its uptrend for the sixth straight day and touches a fresh all-time peak, levels beyond the $3,500 psychological mark, during the Asian session on Tuesday.
Gold surges past $3,450 as traders eye Fed independence, NFPs
Gold rises above $3,450 and may challenge the $3,500 record on Monday, as US markets are quiet for Labor Day.
Gold nears all-time high as US Dollar weakens and Fed rate cut bets grow
Gold (XAU/USD) kicks off the week on a stronger note, extending its advance for a fifth consecutive day to reach its highest level in more than four months, last seen on April 22.
Gold breaks out of triangle, targets $3500 - Société Générale
Gold has surged above the top of its months-long ascending triangle, confirming a bullish breakout and signaling further upside. Momentum indicators remain supportive as prices near April's $3500 peak, with $3575-$3600 the next key targets, Société Générale's FX analysts note.
US jobs report later this week is key for Gold - ING
Gold prices continued their upward move on Friday, with growing noise surrounding potential secondary sanctions providing further support to the market, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold Price Forecast: XAU/USD declines below $3,450, Fed rate cuts bets might cap its losses
The Gold price (XAU/USD) trades in negative territory near $3,440 during the Asian trading hours on Monday. The precious metal retreats from an 11-week high due to some profit-taking.
Escalating conflict between the White House and the Fed causes Gold to rise - Commerzbank
The Gold price surpassed the $3,400 per troy ounce mark yesterday and climbed further to a five-week high, Commerzbank's commodity analyst Carsten Fritsch notes.
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