Precious metals news

Gold continues to probe a 10-week low despite growing expectations that the Fed will hit the pause button next week.

The gold futures market began with an initial attempt to break above the $2000 mark, only to reverse direction and demonstrate negative tendencies.

With the US debt default crisis averted which has been largely priced by markets previously, central focus this week could be shifted back to the US Fed rate outlook.

After some key activity data and the passage of the debt ceiling bill last week, markets could be in for a relatively quieter week on the data front. With the US Federal Reserve expected to pause hiking rates, inflation moderating in recent months, and US economic growth showing signs of resilience, optimism has been running high in equities.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 4th, 2022 here.

The outlook for gold is starting to become more bearish from a fundamental standpoint, as the resilience of the U.S. economy could induce the Federal Reserve to continue raising rates later this year.

Gold prices fell on Friday, weighed by rising U.S. Treasury yields as strong U.S. labor market data bolstered the case for higher-for-longer interest rates.

Silver experienced an initial decline during Thursday's trading session, but quickly rebounded, showing signs of resilience.

Gold markets experienced an initial decline during Thursday's trading session but managed to reverse course, showing signs of resilience and consolidation.

Gold prices are eyeing the best week since the beginning of April after shockingly disappointing US ISM prices paid data brought back Fed rate cut bets. Is the technical setup matching momentum?

Comments by prominent Fed members cause a wild swing in future rate expectations, sending the dollar lower. Silver appears to be trading higher off key support

Short-dated US bond yields can’t make their mind up if they are going lower or not, and this is leaving gold traders at risk of increased volatility.

For three consecutive trading sessions, the XAU/USD gold price moved amid a rebound to the upside, with gains that affected the $1975 resistance level

During Wednesday's trading session, silver displayed a back-and-forth movement, as it continued to bounce around the 200-Day EMA.

Gold markets exhibited indecisiveness during Wednesday's trading session, hovering just below the crucial 50-Day EMA.

The gold price outlook has recovered from a test of support as US interest rates pull back from their run higher with hopes that the debt deal will pass through Congress.

Gold prices advanced on Wednesday, but gains were limited, with traders reluctant to take large directional positions ahead of the May U.S jobs report

Gold markets have drifted a bit lower during the bulk of May, but it looks as if we are testing an area of potential support.

For the second day in a row, XAU/USD gold price is trying to rebound to the upside to compensate for its recent sharp losses.

The Silver market initially experienced a decline during Tuesday's session but managed to find substantial support just above the 200-Day EMA.

During Tuesday's trading session, gold markets experienced a slight pullback, causing a breakdown towards the $1950 level.

Gold rose on Tuesday, tracking the decline in US Treasury yields after a deal in Washington to raise the government’s debt ceiling. But is the short-term downtrend in the yellow metal over?

XAU/USD Gold Futures fell during the quiet Memorial Day holiday session.

Spot Gold continues to struggle for a meaningful recovery as the Dollar Index (DXY) began the day on the front foot. Will the DXY continue to hamper golds recovery?

Silver prices exhibited a slight rally at the beginning of Monday's trading session.

Gold markets displayed a back-and-forth movement during Monday's trading session, which is not surprising considering it was Memorial Day in the United States, leading to reduced participation from traders.

By the end of last week's trading, the XAU/USD gold price retreated from its session high at around $1957 an ounce, to trade at around $1937