JohnHarry_7

JohnHarry_7

Gold price reverses from a two-week low around $2,012 as geopolitical uncertainty improves appeal for safe-haven assets. The precious metal witnesses strong demand in the London session but is expected to face volatility as the US CPI data is set to release.

JohnHarry_7 Updated 

Following a quiet opening to the week, Gold came under modest bearish pressure in the American session on Monday and retreated below $2,020. The benchmark 10-year US T-bond yield holds comfortably above 4.1%, not allowing XAU/USD to gain traction.

JohnHarry_7 Updated 

Gold retreated below $2,030 after spiking toward $2,040 with the immediate reaction to US inflation revisions. The benchmark 10-year US Treasury bond yield holds comfortably above 4.1%, making it difficult for XAU/USD to gain traction.

JohnHarry_7 Updated 

GBP/USD continues to fluctuate above 1.2600 on Friday as the US Dollar finds it difficult to stay resilient against its major rivals. The data from the US showed that the monthly CPI increase for December got revised lower to 0.2% from 0.3%.

JohnHarry_7

Gold prices are modestly down and silver prices slightly up in lackluster early U.S. trading Friday. Thursday’s surprising deflation news coming out of China is still a bearish weight on the metals markets to end the trading week. The U.S. stock indexes at record highs are also a negative element for the safe-haven metals. April gold was last down $3.40 at...

JohnHarry_7 Updated 

The gold market continues to struggle with solid selling pressure as activity in the U.S. labor market remains relatively unchanged from last week. Thursday, the U.S. Labor Department said that weekly jobless claims fell by 9,000 to 218,000 during the week ending Feb. 3, down from the previous week's revised estimate of 224,000 claims.

JohnHarry_7 Updated 

Gold and silver prices are seeing mild losses in early U.S. trading Wednesday. It’s a quieter marketplace at mid-week, with no new fundamental developments to significantly influence the markets. Risk appetite in the general marketplace is not robust, but neither is risk aversion keen. That’s keeping the safe-haven metals traders squelched at present. April gold...