The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is currently flat near 104.30 on Friday following the release of the Federal Reserve’s (Fed) preferred inflation metric — the Personal Consumption Expenditures (PCE) Price Index. The reading showed a mild uptick, helping the Greenback hold recent levels. However, the rally appears capped as safe-haven flows favor Gold, and technical signals remain bearish.
US natural gas storage rises
US natural gas prices traded under pressure as the US witnessed its second straight week of inventory injection while weather forecasts remained mixed.
Safe-haven gold clears $3,000 for the first time
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset.
Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week
US stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the US market from a fourth straight losing week, its longest such streak since August.
Gold Surges to $3,000: Could a Recession Push Prices Even Higher?
Gold has been on a tear with its price jumping over 50% in the last one year. In international markets, gold crossed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams.
Spot Gold Short-Term Technical Forecast [11 March 2025]
Gold (XAU/USD) Price Forecast: From a technical perspective, the intraday chart for gold shows that the yellow metal now remains below the flat 20 simple moving average (SMA), which offers dynamic resistance around $2,907.
Gold investors are assessing the Fed interest rate scenario
Gold prices held steady in Asian trading on Monday after modest gains last week as the dollar remained near a four-month low amid uncertainties around U.S. trade policies.