Gold price (XAU/USD) extends its upside move as investors’ appeal for precious metals remains upbeat due to the deepening crisis in the Middle East. T
Gold price aims to extend upside as Israel-Palestine conflict deepens. The US Dollar consolidates, shrugging off robust US Retail Sales data for September.. 10-year US Treasury yields rose to 4.85% on rising expectations of one more interest rate increase from the Fed.
3%, much better than expectations of 1.0% and the 0.5% recorded in the second quarter of 2023. The annual GDP rose by 4.9% against the estimates of 4.4%. Meanwhile, investors shift focus to the speech from Fed Chair Jerome Powell, which is scheduled for Thursday. The major focus will be on the interest rate guidance as other Fed policymakers have supported keeping interest rates unchanged at 5.25%-5.50% due to higher long-term US bond yields. The 10-year US Treasury yields rose to 4.85%.
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Gold Price Forecast: XAU/USD moves upward toward $1,950 on Middle-East conflictGold price continues to gain ground, trading higher around $1,940 per troy ounce during the Asian session on Wednesday. The rising geopolitical tensio
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Biden heads to Middle East inflamed by Gaza hospital blastU.S. President Joe Biden flies to Israel on Wednesday to signal support for its war against Hamas after a deadly blast at a Gaza City hospital inflamed tensions and led to the cancellation of his planned summit with Arab leaders.
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Photos: Gaza hospital blast sparks outrage across Middle EastThousands of people protested across in Turkey, Jordan, Lebanon, Iran and Iraq.
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Photos: Gaza hospital blast sparks outrage across Middle EastThousands of people protested across in Turkey, Jordan, Lebanon, Iran and Iraq.
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Anger erupts across Middle East over Gaza hospital blast as Biden travels to IsraelProtests erupted across the Middle East following the deadly explosion at a Gaza hospital as Israeli and Palestinian officials traded accusations over who was to blame just hours before US President Joe Biden is set to arrive in Tel Aviv.
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Gaza's doctors struggle to save hospital blast survivors as Middle East rage growsDoctors in Gaza City have performed surgery on hospital floors, often without anesthesia, in a desperate bid to save badly wounded victims of a massive blast that killed hundreds of Palestinians sheltering in a nearby hospital
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