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Gold trims gains as Fed’s Logan warns against early easing
Gold price retreats during the North American session on Thursday as the Greenback recovers some ground, trimming some of its weekly losses after Dallas Fed President Lorie Logan delivered a hawkish message. At the time of writing, XAU/USD trades at $3,844, down 0.50%. The Dallas Federal Reserve's Lorie Logan said that inflation is running above target and trending upward. However, she acknowledged risks on both sides of the dual mandate, saying that the labor market appears fairly balanced but slowing. In the meantime, US economic data releases by the Bureau of Labor Statistics (BLS) will be halted due to the ... (full story)
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FED'S LOGAN: INFLATION IS RUNNING ABOVE TARGET, TRENDING HIGHER LOGAN: WE NEED TO BE VERY CAUTIOUS ABOUT RATE CUTS LOGAN: MUST NOT EASE TOO MUCH, ONLY TO HAVE TO REVERSE COURSE pic.twitter.com/oHeHNL7qiY Fed's Logan: Inflation Is Running Above Target, Trending Higher - Have Seen Marked Decline In Payroll Gains - Risks On Both Sides Of Fed's Mandate - Recent Cut Was Insurance Against More Rapid, Non-Linear Decline In Labour Market - Demand Remains Pretty Resilient Fed's Logan: Policy isn't more than modestly restrictive, which is appropriate. Fed's Logan: Inflation on its way back to 2%, but there are risks. FED'S LOGAN: ‘VERY CLOSE’ TO MAXIMUM EMPLOYMENT
From dailyforex.com | Oct 2, 2025
Gold markets initially rallied a bit during the early hours here on Wednesday but then gave back quite a bit of the gains near the $3,900 level. Keep in mind that the gold market continues to see a lot of volatility and choppiness. And the fact that we gave up some of the gains tells me that we just don't really know what to do. With this being said, market ...
From fxempire.com | Oct 2, 2025
Gold held firm at resistance on Thursday as it printed a slightly higher high of $3,897 before fading back. A lower daily low of $3,819 was established, essentially confirming a successful test of support at the prior rising channel top, which had previously acted as resistance. Once a former resistance level is reclaimed as support, it reflects the ...
