Gold Price (XAU/USD) extends its upside above the mid-$2,150 during the early Asian trading hours on Tuesday.
Gold Price extends gains around $2,171 amid the weaker USD. The upward momentum of gold prices is supported by the expectations of rate cuts by the Fed this year. The escalating geopolitical tensions in both Eastern Europe and the Middle East might lift the gold price. Gold Price extends its upside above the mid-$2,150 during the early Asian trading hours on Tuesday.
Traders have priced in a 70% probability of a June rate cut, versus 65% before the Fed's March meeting last week. Russia carried out one of its most massive missile and drone attacks on Ukraine's energy infrastructure overnight into Friday since the start of its full-scale invasion more than two years ago, per CNN. That being said, the rising geopolitical tensions in both Eastern Europe and the Middle East could boost the safe-haven flows and benefit the gold price.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gold Price Forecast: XAU/USD eyes acceptance above $2,200 amid bullish technicalsGold price is rebounding firmly toward the $2,200 threshold in Monday’s Asian trading so far, as the US Dollar recovery takes a breather amid sluggish US Treasury bond yields and a mixed market mood.
Lire la suite »
Gold Price Forecast: Will XAU/USD sustain its record rally on dovish Fed outlook?Gold price is correcting from a fresh all-time high of $2,223 reached in early Asian trading on Thursday, although defends the $2,200 threshold amid sustained weakness in the US Dollar (USD) and the US Treasury bond yields.
Lire la suite »
Gold Price Forecast: XAU/USD rally likely to run out of steamGold rose to a new record high of $2,200 after the Fed meeting.
Lire la suite »
Gold Price Forecast: XAU/USD bullish support remains resolute this yearGold has risen above $2,200 for the first time on a dovish Fed.
Lire la suite »
Gold Price Forecast: XAU/USD retreats from record highsGold price reached an all-time high on Thursday, with the bright metal trading as high as $2,222.65 a troy ounce during Asian trading hours.
Lire la suite »
Gold Price Forecast: XAU/USD consolidates ahead of central banks’ decisionsGold price started the day with a soft tone, falling to $2,163.58 during Asian trading hours, although grinding higher.
Lire la suite »