EUR/USD 1.13563
-0.214%
Gold 3979.08
-3.189%
Oil 69.931
-4.063%
USD/JPY 161.763
0.123%
GBP/USD 1.31635
-0.299%
GBP/JPY 212.942
-0.171%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Gold prices plunged on June 25, extending losses from the previous trading day; a stronger dollar and growing market expectations of a potential Federal Reserve rate hike later this year dampened investor sentiment. Gold futures in New York fell 3.4% to settle at $3,990.30 an ounce, the lowest closing price since November of last year. Other precious metals also saw declines. The dollar strengthened against a basket of currencies today, making dollar-denominated commodities more expensive for overseas buyers.June 25th - As of 2:30 PM closing, the main Shanghai gold futures contract fell 2.45% to 875 yuan/gram, the main Shanghai silver futures contract fell 6.31% to 13,956 yuan/kilogram, and the main SC crude oil futures contract fell 3.78% to 471 yuan/barrel.U.S. Department of Transportation: Domestic airfares in the United States rose 4.7% in the first three months of 2026.Google (GOOG.O) shares dipped briefly after reports surfaced that two more of its AI employees may be leaving for Anthropic.June 25 – European Central Bank (ECB) official Zigman stated that the ECBs primary task is controlling inflation; with falling oil prices, this task is becoming relatively easier. Zigman delivered his first public speech since becoming governor of the Central Bank of Croatia this month. He noted that the ECB demonstrated its resolve by raising borrowing costs, despite concerns that this move would further hamper the regions already struggling economy. "We must focus on price stability," Zigman said. "Geopolitical developments related to the situation in the Strait of Hormuz have led to a drop in oil prices. This will undoubtedly have a positive impact on inflation."

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

 截屏2022-08-04 下午5.25.46_1024x576.png

 

In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.


Suggestion