byyahyagold

byyahyagold

Spot gold closed yesterday with a 0.6% gain, settling at 3,373, supported by a weakening U.S. dollar. Additional bullish momentum came from President Trump's renewed call for interest rate cuts following weak U.S. data, as well as a phone call between Trump and Russian President Putin. Market attention is now focused on Friday’s upcoming meeting between Trump...

byyahyagold

Spot gold closed yesterday with a 0.8% decline, settling at 3,353, pressured by profit-taking. On the same day, the World Gold Council released data showing that central bank net purchases of gold in April totaled only 12 tons—below both March figures and the 12-month average. On the other hand, reports indicate that several central banks in Africa are preparing...

byyahyagold

Spot gold closed yesterday with a 0.9% gain, settling at 3,318. The rise was supported by the U.S. Court of Appeals’ suspension of a lower court’s ruling to cancel the global tariffs imposed by Trump, along with a weakening U.S. dollar. However, gold opened this morning with selling pressure amid signs of a slowdown in U.S.–China trade negotiations, as indicated...

byyahyagold

Spot gold closed yesterday with a 0.4% loss at 3,288, marking its third consecutive day of decline. Today, market risk appetite has increased following a U.S. International Trade Court ruling that deemed the vast majority of global tariffs imposed by President Trump illegal, ordering their suspension. U.S. futures are up around 2%, and the Dollar Index (DXY) has...

byyahyagold

Spot gold closed yesterday with a 1.3% decline, settling at 3,301. This drop appears to have been driven by improved U.S. consumer confidence, which strengthened the dollar, alongside rising global risk appetite and the postponement of the 50% tariffs on the European Union until July 9. Additionally, hawkish remarks from New York Fed President John...

byyahyagold

Spot gold closed yesterday—during a session marked by market holidays in the U.S. and the U.K.—with a 0.4% decline, settling at 3,344. Reports suggesting accelerated trade agreements between the European Union and the United States are believed to have influenced price movement. On the other hand, geopolitical developments remain closely monitored. Technically,...

byyahyagold

Spot gold ended last week with a strong gain of 4.8%, closing at 3,358. The rally was driven by several factors, including Moody’s downgrade of the U.S. credit rating, market concerns over the budgetary impact of Trump’s tax cut package, and his announcement of a 50% tariff on European Union countries. However, at the start of the new week, gold opened with...

byyahyagold

Although spot gold opened yesterday with upward momentum, it failed to maintain its gains and closed the session with a 0.6% loss at 3,294. Today, however, gold has opened with buying interest, supported by several developments—most notably the U.S. House of Representatives' approval of a tax-cut bill expected to significantly widen the fiscal deficit, raising...

byyahyagold

Spot gold continued its rise yesterday, gaining 0.8% to close at 3,315. This increase is believed to be driven by heightened demand for safe-haven assets amid escalating geopolitical tensions and a slowdown in trade agreement negotiations. On the U.S. front, expectations are growing that Trump’s upcoming changes to taxes and spending could further worsen the...

byyahyagold

Spot gold closed yesterday with a 1.9% gain, settling at 3,290. After a brief dip due to developments in the U.S.–China trade agreement, the precious metal resumed its upward trajectory—supported by Moody’s downgrade of the U.S. credit rating, rising concerns over the federal budget deficit, Federal Reserve officials’ comments highlighting continued uncertainty,...

byyahyagold

Spot gold closed yesterday with a 0.8% gain at 3,230, supported by a weaker U.S. dollar following Moody’s downgrade of the United States' credit rating. However, the precious metal opened this morning with selling pressure, likely influenced by President Trump’s announcement of imminent ceasefire negotiations between Russia and Ukraine. With a relatively quiet...

byyahyagold

The easing of uncertainty surrounding tariffs—despite the absence of a final agreement but with parties showing willingness to negotiate—continues to weigh on gold, which typically gains strength during times of uncertainty. Additionally, the decline in geopolitical tensions has influenced price movement. This morning, gold continues its downward trend, trading...

byyahyagold

The temporary 90-day tariff reduction agreement between the United States and China, along with ongoing diplomatic communications, has weakened demand for gold and other safe-haven assets. A temporary easing of geopolitical tensions has also prompted investors to shift toward higher-risk assets. On the economic front, U.S. inflation data (CPI) released yesterday...

byyahyagold

Spot gold came under selling pressure following the announcement of a temporary agreement between the United States and China to reduce tariffs, ending yesterday’s session with a 2.7% loss at 3,236. Positive geopolitical developments also contributed to the pressure on the precious metal. Today’s release of U.S. inflation data is expected to cause market...

byyahyagold

Spot gold ended last week with a 2.6% gain, settling at 3,325. However, following constructive high-level trade talks between the United States and China over the weekend in Geneva—described by both sides as “productive” with significant understandings reached—gold opened this morning with selling pressure. Geopolitical tensions have also eased, supported by...

byyahyagold

Spot gold closed yesterday with a 1.75% loss, settling at 3,306, following the announcement of a trade agreement between the United States and the United Kingdom. President Trump also stated that significant trade talks with China are expected to take place at the end of the week, with a potential 145% reduction in tariffs—developments that could impact the...

byyahyagold

Spot gold closed yesterday with a 1.5% loss at 3239, marking its third consecutive day of decline. However, the market opened today with some buying activity. Since the full impact of the trade war has yet to materialize, weak economic data from both the U.S. and China—combined with a statement from China’s Ministry of Commerce indicating it is considering a...

byyahyagold

Spot gold ended yesterday’s session with a loss of 0.8%, settling at 3317, and started today with a further decline of 0.3%. Upcoming U.S. data—including GDP figures, the PCE index, and employment reports—are expected to play a critical role in shaping price movements. On the Chinese side, weaker-than-expected PMI data is being interpreted as an early effect of...