CCY:XAUUSD

Xau/usd Currency Pair News

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$4,450.06
-35.36 (-0.788%)
At Close: Jun 03, 2026
The bullish cycle in Gold has held on for nine full months, drawing back to the Q4 open last year. At the time, Gold was very oversold and the statement can even be made that it was historically overs
Gold prices retreated during Friday's session after an inflation report revealed progress in the disinflationary process and raised hopes that the Federal Reserve (Fed) would cut interest rates in 202
Gold struggled against resistance at 2,340 and declined to 2,319, forming a bearish shooting star pattern for Friday.

Would Low PCE Index Take Gold to the Moon?

04:21pm, Friday, 28'th Jun 2024
The PCE Index statistics were released today, and you might wonder what impact they will have on the price of gold. Let's dig in.
United States CFTC Gold NC Net Positions: $246.2K vs $243.1K
Gold steadied following a key U.S. inflation report that aligned with expectations, increasing hopes for a Federal Reserve rate cut by September.
Gold steadied following a key U.S. inflation report that aligned with expectations, increasing hopes for a Federal Reserve rate cut by September.
Another quarter has come and gone and there's been no rate cuts from the Fed yet. U.S. data has remained incredibly resilient, all factors considered, and this has kept the Fed from loosening policy t
The gold market has been noisy over the course of the week, but it is worth noting that we are just above a major support level. This area, the $2300 region, will continue to be important, and i think
The gold markets have been supported at the $2300 level again, as the market will continue to look at the consolidation as important. The Core PCE Price Index came out as expected, so perhaps this wil
Top traders on the Shanghai Futures Exchange (SHFE) have reduced their net Gold (XAU/USD) and Silver (XAG/USD) positions. Precious metals investors are likely to remain on the sidelines for the time b

Gold – 28.06.2024

09:40am, Friday, 28'th Jun 2024
Gold managed to break above 2318 where the market is now inside our target zone of 2335-38. As we see on the chart, a possible trading zone between the support 2315-18 and resistance 2358-60 could hol
XAUUSD holds the $2300 level The yellow metal remains indecisive as upticks in US data see price action under pressure after the recent sell off. A boost in initial jobless claims was balanced by an u
Gold and silver have been on the rise in the last couple of days, recovering from weakness earlier in the week. Once again, gold has risen alongside equity markets, suggesting the recovery is not enti
In the near term, it is crucial for gold to hold above the $2,275 level to avoid a forced long-liquidation phase.
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