Gold prices have surged to a two-week high, driven by weak US economic data and increased bets on a Federal Reserve rate cut. Spot gold climbed nearly 1%, reaching above $2,350. Silver also saw significant gains, with prices rising above $30 and a 3% increase for the day. The gold market's rise was further supported by a $20 premium in China and a 1.5% increase, marking the largest one-day gain in a month. Silver led the breakout for gold, with prices challenging key resistance levels at $30.50 and $31.75. Futures for both metals settled at two-week highs. Gold also saw a $15.00 increase, driven by soft US economic data keeping rate cut bets intact.
Gold and silver futures settle at two-week highs https://t.co/OojPb1iZyR
Gold prices touched two week highs today $GLD https://t.co/1klL3pl8pg
$GLD daily โฌ๏ธ https://t.co/QeKuJ86j09
#Gold rises 1% to two-week peak as Fed rate cut bets lift demand https://t.co/sDIyTpruCj via @Reuters https://t.co/I2Jimz4vDw
#silver #gold ... see today's move also in $GDX $SIL ๐๐ https://t.co/wyeSWcqvkn
Gold climbs more than $30 https://t.co/rTCBNvFc88
SPOT GOLD CLIMBS 1.5%, LARGEST ONE-DAY GAIN IN A MONTH
Gold +1.5%, Silver +3% today https://t.co/6CzIbduA6J
Gold back above $2350 Silver back above $30
SPOT GOLD CLIMBS NEARLY 1%
#silver #gold are rewarding composed decision making, with $2,285 and $28.80 spot prices holding, and both metals turning up. $30.50 #XAGUSD is already being challenged, following which Iโm looking at beating $31.75 as the real test of silver bulls not losing the rocket fuel. Notโฆ https://t.co/GO4rKlLMcD
Gold touches two-week high as soft US economic data keeps rate cut bets alive - Reuters https://t.co/631CqW27kf
Intraday Update:ย A strong nearly 2% move higher in #silver overnight which puts the bull flag resistance in view at 30.76. #metals #trading #markets $XAGUSD https://t.co/ZmIT1i16kq
#Gold touches two-week high as soft US economic data keeps rate cut bets intact https://t.co/sDIyTpruCj via @Reuters https://t.co/JirpgP4LlO
Futures are up. Driven by tech. Gold is as well +$15.00 Big OPEX rebalancing day Friday. Will probably see some volatility then. https://t.co/PBEOdDOpmP
Silver leads the breakout for gold, but resistance looms https://t.co/XVwiJqjIIA https://t.co/v1vOsyCpB6
Gold hits one-week high on Fed rate cut bets https://t.co/g9QzVZW1O7 https://t.co/MjUjE9UqaI
Gold flat while silver is up 2.2%. Now, it's only overnight trading, so things will readjust. But this is how we trend over the next several weeks I'd be all about it.
Gold price in China $2,369 Silver price $33.95 Gold back to +$20 premium in China Silver +13% premium
#Gold gains traction on weak US economic data https://t.co/DpaEGheWA8 via @Reuters https://t.co/dT6NZuZ0Qc