Latest news with #HanTan
Time of India
28-05-2025
- Business
- Time of India
Gold steadies as investors buy the dip ahead of US PCE data—can easing Trump tariffs and rising demand fuel a breakout?
Gold prices firm as investors buy the dip ahead of Fed's meeting minutes- Gold prices firmed up on Wednesday, with spot gold rising 0.4% to $3,312.15 an ounce as investors stepped in to buy after prices dipped below the $3,300 mark the day before. The market is holding its breath ahead of the Federal Reserve's latest policy meeting minutes, scheduled for release later in the day, looking for clues on the future path of U.S. interest rates. Meanwhile, U.S. gold futures also gained 0.3%, settling at $3,310.60. Gold price today Spot gold rises 0.4% to $3,312.15 as futures gain on bargain buying and market eyes Fed policy signals Why did gold prices fall below $3,300 and what's causing the rebound? In the previous session, gold prices slipped to a low of $3,285.19, which triggered some quick bargain hunting among investors. Jigar Trivedi, senior commodity analyst at Reliance Securities, said, 'Gold is rebounding mainly due to bargain hunting after a sharp drop in the previous session.' This dip below $3,300 encouraged buyers to jump back in, pushing prices higher again. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank-Seized Cars in the Philippines at Prices You Won't Believe! SUV Deals | Search Ads Search Now Undo How important are the Fed meeting minutes for gold investors? The minutes from the Fed's May 6-7 meeting are highly anticipated. Although the Fed has kept interest rates steady at 4.25%-4.50% since December, investors want to understand how long this pause might last. The minutes could reveal whether policymakers plan to hold rates steady or signal changes ahead. Han Tan, chief market analyst at Exinity Group, noted, 'Gold could climb on lower-than-expected PCE prints that ease stagflation fears while paving the way for more Fed rate cuts.' The U.S. PCE inflation data is due on Friday and is closely watched as the Fed's preferred inflation gauge. What's the forecast for gold prices in the coming months? Market watchers are optimistic. BNP Paribas projects U.S. gold futures to climb to an average of $3,685 in the third quarter and $3,850 in the fourth quarter. This forecast reflects ongoing concerns about inflation, economic uncertainty, and the possibility of Fed rate cuts later this year. Live Events How does U.S. political uncertainty affect gold prices today? Political uncertainty continues to play a role. Comments from U.S. President Donald Trump on trade negotiations have created market volatility. This unpredictability supports gold's safe-haven appeal, as investors tend to flock to gold when tensions rise or markets get unsettled. How are other precious metals performing alongside gold? While gold is firming, other metals have mixed results. Spot silver dipped 0.2% to $33.24 an ounce. Platinum rose 0.9% to $1,089.22, showing strength. Meanwhile, palladium slipped 0.4% to $974.28. This mix shows how investors are weighing different metals as economic signals develop. FAQs: Q1: What is driving gold prices today ? Gold prices are rising due to bargain buying after a sharp fall and investor focus on upcoming Fed updates. Q2: How can the Fed meeting minutes impact gold? Fed minutes may hint at future rate cuts, which could boost gold demand and push prices higher.
Zawya
28-05-2025
- Business
- Zawya
Gold firms as investors buy the dip ahead of Fed's meeting minutes
Reuters - Gold firmed on Wednesday as investors bought the dip after prices declined in the previous session, while markets awaited minutes of the Federal Reserve's latest policy meeting and economic data for insights on the U.S. interest rate outlook. Spot gold was up 0.6% to $3,320.58 an ounce, as of 0853 GMT. Bullion fell below the $3,300 level and hit a low of $3,285.19 in the previous session. U.S. gold futures rose 0.6% to $3,319.50. "Gold is rebounding mainly due to bargain hunting after a sharp drop in the previous session," said Jigar Trivedi, senior commodity analyst at Reliance Securities. "Markets are also in a wait-and-watch mode ahead of the Fed minutes, prompting position adjustments." Markets are awaiting minutes of the Federal Reserve's latest policy meeting due later in the day, followed by the U.S. PCE data for April, due on Friday. A slew of Fed officials are also speaking this week for further insights into monetary policy. "Gold could climb on lower-than-expected PCE prints that ease stagflation fears while paving the way for more Fed rate cuts," said Han Tan, chief market analyst at Exinity Group. New York Fed President John Williams said on Wednesday central banks must "respond relatively strongly" when inflation begins to deviate from their target. The Fed has kept its policy rate at 4.25%-4.50% since December as officials wait for clearer insights into the economy as policymakers are also dealing with market volatility caused by U.S. President Donald Trump's fluctuating remarks on negotiations with the country's trading partners. "Gold may ultimately break out of the $3,000-$3,500 range once the Fed signals greater willingness to resume its rate-cutting cycle," Tan said. Spot silver gained 0.1% to $33.34 an ounce, platinum firmed 0.8% to $1,087.97 and palladium rose 0.1% to $979.57.
Shafaq News
28-05-2025
- Business
- Shafaq News
Gold firms as investors buy the dip ahead of Fed's meeting minutes
Shafaq News/ Gold firmed on Wednesday as investors bought the dip after prices declined in the previous session, while markets awaited minutes of the Federal Reserve's latest policy meeting and economic data for insights on the U.S. interest rate outlook. Spot gold was up 0.6% to $3,319.61 an ounce, as of 1029 GMT. Bullion fell below the $3,300 level and hit a low of $3,285.19 in the previous session. U.S. gold futures rose 0.6% to $3,318.60. "Gold is rebounding mainly due to bargain hunting after a sharp drop in the previous session," said Jigar Trivedi, senior commodity analyst at Reliance Securities. "Markets are also in a wait-and-watch mode ahead of the Fed minutes, prompting position adjustments." Minutes of the Federal Reserve's latest policy meeting were due later in the day, followed by the U.S. PCE data for April, due on Friday. A slew of Fed officials are also speaking this week, potentially offering further insights into monetary policy. "Gold could climb on lower-than-expected PCE prints that ease stagflation fears while paving the way for more Fed rate cuts," said Han Tan, chief market analyst at Exinity Group. New York Fed President John Williams said on Wednesday that central banks must "respond relatively strongly" when inflation begins to deviate from their target. The Fed has kept its policy rate at 4.25%-4.50% since December as officials wait for clearer insights into the economy as policymakers also deal with market volatility caused by U.S. President Donald Trump's fluctuating remarks on negotiations with the country's trading partners. BNP Paribas expects U.S. gold futures to rise to $3,685 in the third quarter and to $3,850 in the fourth quarter on average. Spot silver gained 0.2% to $33.35 an ounce, platinum firmed 1.3% to $1,093.55 and palladium was steady at $978.27.
CNBC
28-05-2025
- Business
- CNBC
Gold firms as investors buy the dip ahead of Fed's meeting minutes
Gold firmed on Wednesday as investors bought the dip after prices declined in the previous session, while markets awaited minutes of the Federal Reserve's latest policy meeting and economic data for insights on the U.S. interest rate outlook. Spot gold was up 0.6% to $3,320.58 an ounce, as of 0853 GMT. Bullion fell below the $3,300 level and hit a low of $3,285.19 in the previous session. U.S. gold futures rose 0.6% to $3,319.50. "Gold is rebounding mainly due to bargain hunting after a sharp drop in the previous session," said Jigar Trivedi, senior commodity analyst at Reliance Securities. "Markets are also in a wait-and-watch mode ahead of the Fed minutes, prompting position adjustments." Markets are awaiting minutes of the Federal Reserve's latest policy meeting due later in the day, followed by the U.S. PCE data for April, due on Friday. A slew of Fed officials are also speaking this week for further insights into monetary policy. "Gold could climb on lower-than-expected PCE prints that ease stagflation fears while paving the way for more Fed rate cuts," said Han Tan, chief market analyst at Exinity Group. New York Fed President John Williams said on Wednesday central banks must "respond relatively strongly" when inflation begins to deviate from their target. The Fed has kept its policy rate at 4.25%-4.50% since December as officials wait for clearer insights into the economy as policymakers are also dealing with market volatility caused by U.S. President Donald Trump's fluctuating remarks on negotiations with the country's trading partners. "Gold may ultimately break out of the $3,000-$3,500 range once the Fed signals greater willingness to resume its rate-cutting cycle," Tan said.
Business Recorder
25-04-2025
- Business
- Business Recorder
Gold rises on dip-buying
NEW YORK: Gold prices rebounded on Thursday as investors bought bullion following a sharp decline in the previous session, while the focus remains on US-China trade tensions. Spot gold was up 1.6% at $3,338.79 an ounce, as of 1140 GMT. Bullion fell as much as 3% on Wednesday in its worst daily performance since late November. US gold futures gained 1.7% to $3,349.80. 'Gold's pullback earlier has cleared some of the froth from its latest surge. That, in turn, attracted some buy-the-dip action amid still-persistent global trade war fears,' said Han Tan, chief market analyst at Exinity Group. 'Given the still-evident tailwinds for this precious metal, gold bugs could ultimately conquer the $3,500 level with conviction.' Non-yielding bullion, traditionally seen as a hedge against global instability, has risen over 27% so far this year. The International Monetary Fund made sharp reductions to its outlook for both US and global growth this year, with President Donald Trump's tariff policy the main reason behind the downgrade. 'If the economic outlook deteriorates further, then there's no reason why gold could not receive another strong bid,' said Ole Hansen, head of commodity strategy at Saxo Bank. However, US Treasury Secretary Scott Bessent said US economic growth will surpass the IMF's revised estimate of 1.8%, down from 2.7% in January, if Trump administration's policies are implemented. He also said that the excessively high tariffs between the US and China are unsustainable, and must be reduced before trade negotiations can proceed. Stocks drifted on Thursday and a rebound in the dollar lost traction as investors tried to sift through the noise from the Trump administration. Spot silver fell 0.3% to $33.44 an ounce, platinum was steady at $972.15 and palladium was down 0.2% at $942.28.
