Gold stays near late March lows as strong US dollar and Geopolitical tensions pressure Prices
Gold (XAU/USD) stayed under pressure during the Asian trading session trading near the $4,470 level after touching its lowest point since March 30 earlier on Wednesday. A powerful US Dollar continues to weigh on Gold prices as investors remain careful about the ongoing US-Iran status and the outlook for US interest rates. Market sentiment remains […]
Canadian Dollar under stress as US Dollar Demand Remains Strong
The Canadian Dollar weakened on Tuesday as the US Dollar nonstop to attract safe-haven demand pushing USD/CAD higher near 1.3760, up 0.17% during the session. Despite stronger Oil prices the Canadian currency stumbled to gain support. West Texas Intermediate (WTI) Oil traded around $102.70, marking a 0.60% increase for the day. Since Canada is a […]
Gold Price Forecast: XAU/USD Stays Firm Above $4,700 as US Dollar Weakens
Gold prices remained steady above the $4,700 mark on Friday as the US Dollar nonstop to lose strength. The weaker Greenback helped support the valuable metal even as investors stayed cautious due to fresh tensions between the United States and Iran and doubt surrounding the fragile ceasefire situation in the Middle East. Gold is currently […]