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Gold steadies below $4,350 as surging yields offset support from Fed rate-hold bets
Gold price (XAU/USD) holds steady near $4,335 after pulling back from an early-June top near $4,450 during the early Asian trading hours on Wednesday. The precious metal faced some selling pressure in the previous session as Treasury yields surged to their highest levels in decades.Â
Gold price falls as US yields surge, pressuring bullion
Gold (XAU/USD) retreats on Tuesday as US Treasury yields keep their momentum, while energy prices rise further amid a lack of progress in talks between the US and Iran. XAU/USD trades at $4,364, down over 1.10%.
Silver Price Forecast: XAG/USD consolidates as bullish momentum fades
Silver (XAG/USD) edges lower on Tuesday, remaining confined within a week-old trading range as bullish momentum softens following the recent rally. At the time of writing, XAG/USD trades around $63.96, down 2.77% on the day.
Gold: Price holds despite higher yields – Commerzbank
Commerzbank’s Carsten Fritsch notes that Gold remains around USD 4,400 per ounce even as US Treasury yields rise back toward late-July levels, decoupling from real interest rates.
Gold expected to trade range-bound despite increasing bets of a Fed rate pause
Gold prices continue to draw support from expectations that the Federal Reserve (Fed) will hold interest rates steady through the remainder of the year after softer US inflation and employment data.Â
Gold: Higher-rate risk to keep prices range-bound – TD Securities
TD Securities strategists see Gold supported by doubts over the Federal Reserve (Fed) but with limited near-term upside.
Silver retreats toward $65 ahead of Fed Minutes as energy tensions cloud outlook
Silver (XAG/USD) declines on Tuesday and trades around $65.00 at the time of writing, down 1.20% on the day. The white metal nevertheless remains trapped within the consolidation range that has dominated trading for about a week, as opposing forces prevent a clear direction from emerging.
Gold struggles below recent highs as yields and the US Dollar stay firm
Gold (XAU/USD) trades under pressure on Tuesday, snapping a two-day winning streak as a firmer US Dollar (USD) and elevated long-term US Treasury yields weigh on the precious metal. At the time of writing, XAU/USD trades around $4,382, down 0.78% on the day.
Gold Price Forecast: XAU/USD eases below $4,400 as US yields rally
Gold (XAU/USD) shows moderate losses on Tuesday, weighed by higher US Treasury yields and a risk-averse sentiment, which has triggered a mild US Dollar recovery.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.97 per troy ounce, down 1.25% from the $65.79 it cost on Monday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Gold sticks to losses below $4,400 as USD recovers further from two-month low
Gold (XAU/USD) remains depressed below the $4,400 mark through the first half of the European session on Tuesday, snapping a two-day winning streak amid a broadly firmer US Dollar (USD).
Silver Price Forecast: XAG/USD falls to near $65.50 amid US-Iran peace uncertainty
Silver price (XAG/USD) declines after two days of gains, trading around $65.60 per troy ounce during the Asian hours on Tuesday.