Latest news with #XAU
Business Upturn
19-05-2025
- Business
- Business Upturn
Gold price today: MCX gold futures rise to Rs 93,165; global spot gold trades at $3,215
By News Desk Published on May 19, 2025, 09:58 IST As of 9:52 AM IST, May 19, 2025 Gold prices opened higher on Monday in both domestic and international markets. On the Multi Commodity Exchange (MCX), gold futures for June 5 delivery climbed ₹724 or 0.78% to trade at ₹93,165 per 10 grams. The intraday range was between ₹92,800 and ₹94,031. The previous close was ₹92,441. In global markets, spot gold prices also saw an uptick. As of 9:56 AM IST, XAU/USD was trading at $3,215.19 per ounce, up $12.42 or 0.39% from the previous session. The day's range stood between $3,202.77 and $3,249.89. The uptick in prices comes amid renewed investor interest in safe-haven assets following continued geopolitical tensions and uncertain inflation expectations in major economies. Disclaimer: This article is for informational purposes only and does not constitute investment advice. Prices and market conditions are subject to change. Investors are advised to consult with a certified financial advisor before making any investment decisions. News desk at
Yahoo
12-05-2025
- Business
- Yahoo
Bitcoin's Bull Run Against Gold Could Accelerate as U.S.-China Trade Tensions Ease: Chart Analysis
Over the past two weeks, bitcoin (BTC) has significantly outperformed gold (XAU), and the bullish trend could intensify further. This outlook is supported by bullish developments in the bitcoin-to-gold ratio, which measures BTC's USD price against gold's USD price per ounce and easing U.S.-China trade tensions. Recently, the ratio broke out of an inverse head-and-shoulders pattern, a classic bottoming formation characterized by a large trough flanked by two smaller ones, with a trendline connecting the recoveries between troughs. The breakout indicates bearish-to-bullish trend change, signaling further bitcoin outperformance. Last week, the ratio topped the trendline, and technical analysis suggests it could rise to at least 35.00 from the current 32.00. This target is derived by adding the spread between the largest trough and the trendline to the breakout point, signaling a potential move higher for Bitcoin relative to gold. The bullish technical set-up is consistent with past data that shows BTC tends to catchup with gold rallies. Gold's meteoric rally peaked above $3,500 on April 22, and since then, the safe haven yellow metal has pulled back over 8% to $3,211, per TradingView data. During the same time frame, BTC's price has risen by nearly 19% to $104,000. With the U.S. and China easing trade tensions early Monday, gold could lose ground while renewed risk-on sentiment powers BTC higher. The two nations agreed to lower tariffs on goods manufactured in both countries, according to a joint statement released in Geneva. China has proposed to reduce tariffs on U.S goods to 10% from 125% for 90 days. Meanwhile, the U.S. has proposed cutting tariffs on Chinese goods to 30% from 145%. "The tariff reduction could see a broader return to risk-on positioning, with crypto and equities both likely to benefit from renewed investor confidence and global capital flows," Mena Theodorou, co-founder of crypto exchange Coinstash, told CoinDesk in an email. "The rally comes as the macro backdrop takes a positive turn: in a landmark move, the U.S. has struck trade deals with both China and the UK, while Putin and Zelensky are set to meet on Thursday to discuss a potential ceasefire. These developments have lifted risk sentiment globally, crypto included," Theodorou added.
Mid East Info
07-05-2025
- Business
- Mid East Info
Gold (XAU/USD) slips amid renewed trade optimism; FOMC in focus - Middle East Business News and Information
By Daniela Sabin Hathorn, senior market analyst at Gold markets are navigating another week of heightened volatility. After a bullish start on Monday and Tuesday, XAU/USD reversed course on Wednesday, with sellers regaining control. The precious metal faced strong rejection at the $3,430 level—an area that also acted as intraday resistance in April as gold attempted to break through all-time highs. Gold (XAU/USD) daily chart: Past performance is not a reliable indicator of future results. Monday's surge marked a break from two consecutive weeks of downward pressure, drawing in fresh buyers eyeing a potential retest of the $3,500+ zone. However, ongoing fundamental uncertainties, particularly in U.S.–China relations, continue to drive erratic price action and keep traders on edge. Trade Talks Reignite Market Volatility: The recent rebound in trade diplomacy has shifted market dynamics once again. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are scheduled to meet Chinese officials in what will be the first formal discussions since the U.S. imposed steep tariffs on Chinese goods. This renewed optimism around trade negotiations triggered a fresh wave of selling in gold on Wednesday. Despite the pullback, gold remains underpinned by lingering investor caution. Mixed signals from both Washington and Beijing continue to cloud sentiment, while expectations of global monetary easing and a broader move away from U.S. assets provide ongoing support for bullion. FOMC Decision Looms Large: All eyes now turn to the Federal Reserve's policy meeting and Chairman Jerome Powell's press conference later today. With markets already pricing in no change to interest rates, the spotlight will be on Powell's tone and guidance for the months ahead. Powell is widely expected to stick to the Fed's cautious rhetoric, reflecting uncertainty over the economic impact of tariffs. Acknowledgment of sustained economic resilience or inflationary pressure could be perceived as a hawkish signal—dampening hopes of a June rate cut, boosting the U.S. dollar, and likely deepening the correction in gold prices. Conversely, if Powell hints at heightened economic concerns and signals a potential rate cut in June, gold could regain upward momentum as investors reposition accordingly
Business Upturn
02-05-2025
- Business
- Business Upturn
Gold Price Today: XAU/USD gains to $3,246.19; gold up by 0.25% in early trade on May 2
Gold prices moved higher in early Thursday trade, with XAU/USD climbing to $3,246.19, registering a gain of $8.01 or 0.25%, according to real-time data as of 07:49:32 IST. The day's price range so far stands between $3,227.60 and $3,247.36, while the 52-week range remains at $2,277.47 to $3,500.33. The gains come amid cautious optimism in global markets, supported by steady haven demand and macroeconomic triggers including easing geopolitical anxieties and upcoming central bank cues. Disclaimer: This article is for informational purposes only and should not be considered investment advice. Readers are advised to consult their financial advisor before making any investment decisions. Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Arabian Post
28-04-2025
- Business
- Arabian Post
Tether's Gold Token Surpasses $770 Million Backed by Physical Reserves
Tether's tokenised gold product, XAU₮, has reached a major milestone with over 7.7 tonnes of physical gold now backing the asset, pushing its market capitalisation to $770 million as of 28 April 2025. This development marks a significant expansion of Tether's portfolio beyond its flagship stablecoin USDT and highlights growing investor interest in digital assets secured by tangible commodities. XAU₮, which represents ownership of one troy ounce of gold held in Swiss vaults, has seen steady accumulation over the past year amid fluctuating economic conditions and shifting investor sentiment towards inflation-resistant assets. According to market data, the token's supply growth has mirrored increasing demand for alternative stores of value as concerns around fiat currency stability and geopolitical tensions continue to drive diversification strategies. Tether's disclosure that XAU₮ is now underpinned by more than 7.7 metric tonnes of physical gold signals strengthened efforts by the company to reinforce confidence in its tokenisation products. Analysts observing this trend note that digital gold products have carved a distinct niche, combining the traditional appeal of precious metals with the technological advantages of blockchain systems, including faster settlement times and greater accessibility for a global investor base. Paolo Ardoino, CEO of Tether, stated that the surge in XAU₮'s backing reflects broader demand for hybrid assets that bridge the gap between conventional wealth preservation tools and new digital financial infrastructure. He added that Tether remains committed to transparency and robust management practices as it expands its product suite. Since its launch, XAU₮ has distinguished itself by providing a clear legal structure for ownership claims over specific gold bars, with serial numbers and weight details disclosed through regular attestations. This level of verification has been crucial in appealing to institutional participants who require clear regulatory and custodial assurances before engaging with tokenised assets. See also UAE Emerges as Global Leader in Cryptocurrency Adoption The achievement of a $770 million market cap also places XAU₮ among the most substantial gold-backed cryptocurrencies in circulation, competing with platforms like Paxos Gold and Perth Mint Gold Token . However, Tether's strong brand presence and expansive network have given XAU₮ a competitive edge in terms of liquidity and market penetration. Gold itself has continued to perform as a relatively stable asset amid volatile equity markets, stubborn inflation in key economies, and unpredictable monetary policy shifts. As of late April, gold prices hovered around $2,350 per ounce, with analysts forecasting further strength if macroeconomic uncertainty persists. This backdrop has reinforced the appeal of tokenised gold products like XAU₮, especially for investors looking for easily tradable options without the logistical challenges of physical storage. XAU₮ has also benefited from integration with major exchanges and decentralised finance platforms, allowing users to utilise tokenised gold in broader financial applications such as lending, borrowing, and yield farming. This flexibility contrasts with traditional gold investment avenues, which typically lack interoperability with modern financial tools. Institutional interest has played a critical role in the token's growth trajectory. Asset managers, family offices, and corporate treasuries have increasingly explored tokenised commodities as a way to diversify their holdings while maintaining exposure to traditional safe havens. The ability to transfer ownership efficiently and transparently across jurisdictions has further bolstered the attractiveness of XAU₮. Tether has continually faced scrutiny over its reserve management practices, particularly regarding USDT. However, the company's detailed disclosures regarding XAU₮'s physical gold reserves appear to have mitigated similar concerns for this product. Regular attestations by third-party auditors have provided additional layers of reassurance to stakeholders wary of opaque reserve practices. See also Tether Strengthens Stablecoin Reach with Strategic Stake in Fizen The evolving regulatory environment for stablecoins and tokenised assets may also influence the trajectory of products like XAU₮. Jurisdictions such as the European Union, the United Arab Emirates, and Singapore have introduced or are in the process of finalising frameworks aimed at ensuring greater oversight and consumer protection within the digital asset space. These regulations are expected to encourage higher standards of reporting and reserve management among issuers, benefiting products that already maintain rigorous transparency protocols. Market participants have observed that gold tokenisation is emerging as a sector with strong fundamentals, particularly as broader adoption of blockchain technology reshapes traditional financial services. XAU₮'s growth demonstrates that tokenisation is not limited to speculative assets but can extend to historically conservative sectors such as commodities. While challenges remain — including regulatory uncertainty, technological security risks, and the need for robust custodial solutions — the success of Tether's XAU₮ underscores a maturing digital asset market increasingly focused on quality, transparency, and tangible backing. Observers suggest that continued institutional adoption and technological advancements could position tokenised gold as a staple component of diversified digital portfolios. Arabian Post – Crypto News Network
