Analysis

Gold price (XAU/USD) extends its losses for the second successive session on Thursday. The dollar-denominated precious metal faces downward pressure from a stronger US Dollar (USD) following the victory of former President Donald Trump in the US election.

The gold price has retreated somewhat from its record level of the previous week and is trading at around $2,740 per troy ounce, Commerbank’s commodity analyst Carsten Fritsch notes.

Gold price (XAU/USD) attracts fresh sellers during the Asian session on Tuesday and drops to over a one-week low, around the $2,725-2,724 region, though the downside seems cushioned.

Silver price (XAG/USD) maintains its position around 32.50 during Asian trading hours on Tuesday as traders adopt caution ahead of the US presidential election. However, the heightened uncertainty surrounding the election has led to increased demand for safe-haven assets like Silver.

Gold prices remained choppy during Monday’s session as the US presidential election continued amid uncertainty about who would win the White House.

Gold (XAU/USD) makes a half-baked recovery to trade in the $2,740s on Monday amid a weakening US Dollar (USD), which helps Gold rise since the precious metal is mostly priced and traded in USD.

Gold price (XAU/USD) trades with mild gains, snapping the two-day losing streak near $2,740 during the early Asian session on Monday.

The World Gold Council published data on Gold demand in the third quarter this week. Taking into account over-the-counter (OTC) transactions, demand rose by 5% year-on-year, reaching a record level for a third quarter.

The Gold price (XAU/USD) recovers some lost ground on Friday. The uncertainties surrounding the US presidential election and the ongoing geopolitical tensions in the Middle East provide some support to the precious metal, a traditional safe-haven asset. 

Gold price retreated from all-time high on Thursday as traders failed to capitalize on falling US Treasury bond yields.

Silver prices (XAG/USD) extends its losses for the second consecutive day, trading around $33.60 during the Asian hours on Thursday.

Gold price soared to a record high of $2,790 during the North American session, as investors remain uncertain about the outcome of the US Presidential Elections.

Gold hit a new all-time high (ATH) of $2,774 late in the North American session amid a risk-on mood and a retracement in US Treasury yields.

If Trump is elected, what kind of impact will it have on the market? We can analyze this from his policy proposals over the past few months. 

Silver price (XAG/USD) gains traction to near $33.90 during the early European session on Tuesday. The ongoing geopolitical tensions in the Middle East and the uncertainties surrounding the global economy and the US presidential election lift the white metal. 

Gold price (XAU/USD) edges lower to near $2,735, snapping the two-day losing streak during the early Asian session on Monday.

Silver price (XAG/USD) extends its losses for the third successive session, trading around $33.50 during Friday’s Asian hours.

Gold prices climbed late on Thursday as US Treasury yields dropped on demand for safe-haven assets.

Silver (XAG/USD) attracts some buyers during the Asian session on Thursday and for now, seems to have stalled its corrective slide from the $34.85-$34.90 area, or the highest level since October 2012 touched this week.

Silver price retreats after posting a multi-year high at $34.86, yet erases more than Tuesday’s gains, and is down over 3.30 percent.