Gold prices rebounded on Thursday after hitting a one-month low in the previous session, as renewed trade tensions and uncertainty triggered a fresh wave of demand for safe-haven assets.
Gold prices edged higher on Wednesday, supported by a decline in U.S. Treasury yields and a slight weakening of the U.S. dollar, as investors await the Federal Reserves policy statement for signals on the future path of interest rates.
Gold prices edged lower in early Tuesday trading as a stronger U.S. dollar and easing fears over global trade tariffs weighed on the precious metal. Investors are now turning their focus to the U.S. Federal Reserves policy meeting for clues on future interest rate directions.
Gold prices saw a slight decline during Wednesdays trading session, influenced by increased investor risk appetite following the announcement of a trade agreement between the United States and Japan. The deal came ahead of the scheduled deadline for imposing new tariffs. Despite the decline, weakness in the U.S. dollar and falling bond yields helped limit losses.
Gold prices climbed to their highest levels in more than a month on Tuesday, supported by a weaker U.S. dollar and declining U.S. Treasury yields. The market remains on edge ahead of the looming August 1 deadline for U.S.-EU trade negotiations.
Gold prices edged higher on Thursday as escalating tensions in the Middle East boosted demand for safe-haven assets. The ongoing conflict between Israel and Iran has heightened geopolitical risks, prompting investors to seek refuge in gold.
Gold prices rose in global markets today amid growing expectations that the U.S. Federal Reserve may move to cut interest rates in the coming period, following inflation data that came in below market forecasts.
Gold prices rose during Asian trading on Wednesday, reaching their highest levels in a week. The upward movement was driven by a weaker U.S. dollar and increased investor demand for safe-haven assets amid ongoing financial uncertainty in the United States, lawmakers are debating a comprehensive tax reform bill
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