Gold Prices Gains as Weak US Data Fuels Fed Rate Cut Expectations

Gold Prices Gains as Weak US Data Fuels Fed Rate Cut Expectations

Market Analysis by covering: Euro US Dollar, US Dollar Japanese Yen, Gold Spot US Dollar, US Dollar Index Futures. Read 's Market Analysis on Investing.com

Gold Prices Rise by EGP 60 in Local Markets Over the Week

Gold prices in local markets rose by approximately 1.3% during the week ending Saturday evening, while global gold prices increased by 0.6% during the week ending last Friday. The rise was driven by higher demand and diminished expectations of a U.S. Federal Reserve interest rate cut.

Gold price today: Why is gold falling for the third straight day despite weak US data and Fed rate cut hopes?

Gold price today dropped for the third day straight, slipping to a two-week low near $3,232 as hopes for a US-China trade deal boosted market confidence. Despite weak US economic data and signs the Fed may cut rates soon, gold struggled to attract buyers. A stronger US Dollar and President Trumps trade optimism pushed investors away from the safe-haven metal. With key data like Nonfarm Payrolls and ISM PMI around the corner, traders are closely …

Gold price fades on upbeat US jobs report

The decline follows new US data that showed a largely stable labour market for the month of May.

Gold prices fall as the USD extends gains post NFP

US NFP labor report eases expectations of a Fed rate cut, pushing XAU/USD prices lower. USD receives a boost from easing US-China tensions and better-than-expected US employment data on Friday, capping Gold gains. Gold prices threaten channel support with psychological resistance at $3,350. Gold prices are extending losses against the US Dollar (USD) on Friday, falling below prior psychological support, now resistance, at $3,350, after the US No…