-
Gold rallies above $3,400 as Fed independence fight boosts safe-haven demand
Gold price rises to a five-week high of $3,413 as traders shrug off solid economic data from the United States (US), which justifies the current stance by the Federal Reserve (Fed) to hold rates unchanged. However, safe-haven demand, driven by threats to the Fed’s independence, underpins Bullion prices. The XAU/USD trades with gains of over 0.43%, boosted by a weak Dollar and falling US Treasury yields. Data from the US revealed that the economy is growing at a solid pace, exceeding forecasts and the preliminary reading for the second quarter of 2025. Additionally, the number of Americans filing for unemployment ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From finance.yahoo.com|Aug 28, 2025|3 commentsPresident Trump’s trade wars are increasingly forcing countries to choose between the US and its main adversaries, China and Russia. It’s a theme that has been evident for months ...
From ustr.gov|Aug 28, 2025|1 commentToday, the Office of the United States Trade Representative announced the extension of exclusions in the Section 301 Investigation of China’s Acts, Policies, and Practices Related ...
From msn.com|Aug 28, 2025Gold prices hit a five-week high on Thursday, supported by a softer dollar and safe-haven flows, due to ongoing concerns over the Federal Reserve's independence. Spot gold rose ...
-
- Newer Stories
From think.ing.com|Aug 28, 2025Thursday saw firmer US data than anticipated. Second-quarter GDP was revised up a smidgen to 3.3% (from 3.1%). These data have been distorted by net import gyrations on the back ...
From silverinstitute.org|Aug 28, 2025Ongoing geopolitical and economic uncertainties, along with positive price expectations, spurred silver investment in the first half of 2025 driving the metal’s price in June to ...
From vtmarkets.com|Aug 28, 2025A stream of data is set to be released from Japan today. The primary focus is on the Tokyo August Consumer Price Index (CPI), an early indicator of national inflation trends. ...
- Story Stats
- Aug 28, 2025 2:45pm Posted byTechnical Analysis252
- Instrument:
