Gold News Today: Key news Affecting Gold Prices Today

Gold News Today: Key Events Affecting Gold Prices

In the ever-changing landscape of the gold market, staying informed about crucial events is essential for traders and investors alike. Today's focus revolves around significant news that is anticipated to exert downward pressure on gold prices against the US dollar.

Gold News Today: Key news Affecting Gold Prices Today

One pivotal event that is expected to influence the market negatively is the economic updates from Australia and New Zealand, particularly the Cash Rate announcement and RBA Rate Statement from Australia, and the Employment Change and Unemployment Rate figures from New Zealand.

Cost of Gold Today

Live Gold Price	Gold Spot Price Today
Gold Price per Gram	$65.26
Gold Price per Kilo	$65,256
Gold Price per Ounce(28.34 g)	$2,029.69

Gold Price Today : Convert Gold Ounce to US Dollar Or vice versa

Gold price chart in U.S. Dollar per ounce, Live gold price chart

Gold News Today:

Negative Impact on Gold Prices:

The following events are expected to be key drivers in pushing gold prices lower today:

AUD Cash Rate and RBA Rate Statement :

The Reserve Bank of Australia's (RBA) Cash Rate announcement and Rate Statement are crucial indicators of the country's economic health. If the RBA signals a potential interest rate hike or a less accommodative monetary policy, it may strengthen the Australian Dollar (AUD) against the US Dollar, putting downward pressure on gold prices.

NZD Employment Change q/q and Unemployment Rate (Time Not Specified):

New Zealand's Employment Change and Unemployment Rate figures provide insights into the country's labor market. A positive employment change and a decrease in the unemployment rate could bolster the New Zealand Dollar (NZD) and contribute to the overall strength of the US Dollar. This, in turn, may adversely affect gold prices.