Gold Market Weekly Review: Expectations for a Federal Reserve interest rate cut are reignited, and gold prices rise above the key level of $2,700, awaiting Trump's inauguration.

Gold prices were pressured by the rise of the dollar on Friday, but still achieved an increase for the week. The uncertainty of the policies of the new president of the USA, Trump, and renewed bets on further interest rate cuts have raised gold prices above the key level of 2,700 dollars. Spot gold fell 0.45% to 2,702.35 dollars per ounce; U.S. futures gold fell 0.1% to 2,748.70 dollars. David Meger, head of Metal Trade at High Ridge Futures, said: "Today's pullback is not significant; rather, it is more about profit-taking, perhaps aided by a slight rise in the dollar during the day, increasing the...

FX678 FinanceJan 18 07:52

Beware of Gold experiencing a drop due to profit taking before Trump's inauguration! FXStreet Senior Analyst's analysis of Gold Trading.

On Friday morning in the European market, spot Gold maintained a moderate downward trend, with the current price around 2710 USD/ounce. FXStreet Senior Analyst Dhwani Mehta pointed out that ahead of the inauguration of the elected President Trump of the USA next Monday, Gold faces the risk of profit-taking and decline.

FX168Jan 17 16:13

Gold prices once approached the new Target Price! Well-known Institutions: Breaking this level could trigger gold prices to rise towards historical highs.

On Friday in the Asian market close, spot Gold slightly declined after a big rise yesterday, with the current gold price around 2713 dollars per ounce. According to Economies.com, the gold price had previously come very close to the new Target Price of 2725.00 dollars per ounce, and if this level is surpassed in the future, the gold price will aim for historical highs.

FX168Jan 17 14:52

Gold Glitters, Eyes US$2,800 Target

Business TodayJan 17 14:41

The Fed's prominent officials have made shocking statements, and Israeli airstrikes have resulted in 77 deaths! Gold prices surged by 18 dollars. How to trade Gold.

On Thursday, due to the latest economic data from the USA putting pressure on US treasury yields, coupled with dovish comments from Federal Reserve officials, Gold prices rose to a more than one-month high. Allegiance Gold's Chief Operating Officer Alex Ebkarian stated, "The number of initial unemployment claims was higher than expected, indicating that the labor market is somewhat weak. We are seeing a decline in US treasury yields, thus the attractiveness of Gold has once again increased."

FX168Jan 17 09:27

Gold Price Hits Fresh GBP All-Time High - Solomon Global Analyses Key Factors

Yahoo FinanceJan 17 01:26