[XAU/USD] Expectations for Easing Tensions in the Middle East
At the beginning of the week, the price of gold rose to a high of $3,451 because of ongoing concerns about a possible war between Israel and Iran. However, after …
[XAU/USD] Middle East Situation Risk and FOMC Meeting
Last weekend, Israel attacked Iran, causing the geopolitical risk to increase. This made gold’s price go up as a safe asset. However, gold’s rise was limited because investors also bought …
[XAU/USD] Risk in the Middle East and Lower U.S. Interest Rates
Gold prices went up because of increased geopolitical risk. This happened as people became more worried that Israel might attack Iran. When there is risk like this, investors buy gold …
[XAU/USD] US-China Trade Agreement and CPI (Consumer Price Index)
There was news that the United States and China have reached a trade agreement. Because of this, the market felt more safe and relaxed, so the price of gold went …
[XAU/USD] President Trump’s Comments and U.S. CPI
After last week’s U.S. jobs report, long-term interest rates in the U.S. went up. Because gold does not earn interest, this caused people to sell gold. Also, positive news from …
[XAU/USD] Easing of US-China Tensions
Gold prices continued to rise during the European trading session. However, they started to fall after the European Central Bank (ECB) meeting, where it was suggested that interest rate cuts …
[XAU/USD] Weak U.S. Economic Data
After the Tokyo market closed, President Trump said that making a deal with China would be “very difficult.” This caused more worry in the market, and many investors bought gold …
[XAU/USD] Job Openings and Labor Turnover Survey (JOLTS) Report
Gold had been rising due to concerns about U.S.-China trade tensions. However, the gold price dropped after the U.S. April Job Openings and Labor Turnover Survey (JOLTS) report came out …
[XAU/USD] Tariffs and Key U.S. Economic Data
Gold prices rose sharply due to two main reasons: renewed concerns about U.S.-China trade tensions and increased geopolitical risks after Ukraine attacked Russia. The U.S. dollar also weakened, which helped …
[XAU/USD] Tariffs and Important U.S. Economic Data
Last week, a U.S. trade court ordered to stop the tariffs introduced by President Trump. However, the issue will continue in court, possibly going to the Supreme Court. Also, at …