According to the World Gold Council, first-quarter gold purchases by central banks were the heaviest in history. Some market observers say gold's 12% gain this year is partly driven by central bank demand. According to Goldman Sachs, central banks tend to buy gold in the long term and it is possible that emerging market countries may buy more...
Gold prices opened the week with a positive signal, recording a slight increase. However, investor sentiment became more cautious due to mixed comments from Fed officials about the upcoming monetary tightening roadmap, while also being pressured by the upward trend of the USD. The sparse US economic calendar will keep investors focused on the speech from Fed...
World gold price yesterday recorded a high of 2,332.22 USD and closed the session up nearly 1% to 2,323.99 USD. Do you find it strange? This number must have been chosen by the driver. Along with that, the domestic gold price continues to set a new peak. World gold prices have increased more than 12% in 2024 thanks to expectations that major central banks will...
The DXY index is currently trading around the 105.00 mark, recording a slight decrease during Monday's trading session. The dollar remains supported by persistent inflation concerns, as Fed Chairman Jerome Powell has warned. However, the weaker-than-expected jobs report released last Friday showed signs that the US economy may be slowing and expectations that the...
If you haven`t sold SQ before the previous earnings: Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week, I would consider purchasing the 72.50usd strike price Puts with an expiration date of 2024-6-21, for a premium of approximately $5.25. If these options prove to be profitable prior to the earnings...
World gold increased slightly after falling for two consecutive weeks World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US...
The DXY index fell sharply last week, reaching its lowest level since April 10. This sell-off mainly stemmed from a decrease in US government bond yields after the Fed's somewhat "dovish" statement and weaker-than-expected employment data. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward...
The greenback continues to weaken but gold is not really benefiting Gold price is currently quite calm around the 2,305 USD mark. Optimistic market sentiment, falling US government bond yields and a weakening USD are the factors that are having the main impact on this precious metal. Investors are continuing to evaluate Chairman Jerome Powell's comments on...
XAU/USD has met the minimum requirement to complete a bearish "Measured Move" pattern after reaching the 0.618 Fibonacci level of wave C at $2,286. This means that gold prices will likely go up in the near future. This pattern is made up of three waves in a zig-zag pattern. The end of wave C, which is also the final wave, can be estimated based on the length of...
The current gold price is trading around 2,323 USD/ounce. The golden boy immediately regained the mark of 2,300 USD/ounce after yesterday's sharp decline to 2,285 USD/ounce. The spot price of gold (XAU/USD) soared last night to more than 2,328 USD/ounce after Fed Chairman Jerome Powell spoke. Mr. Powell affirmed that cutting interest rates now is inappropriate...
Gold prices lost the $2,300 mark last night as data from the US showed that labor costs are rising, thus pushing up inflationary pressure. As a result, the Fed will need to be more patient in lowering interest rates, as Fed Chairman Jerome Powell announced two weeks ago. Gold price is trading at $2,292/ounce, up slightly by 0.27% after falling more than 2% on...
Gold prices are expected to increase for the third consecutive month ahead of the Fed meeting Gold prices are on track to increase for the third consecutive month thanks to strong demand from central banks. Attention is now on the Fed's interest rate decision meeting this week, where policymakers are expected to take a hawkish stance. As of early Asian session,...
Gold has ended its 5-week winning streak, but it can still increase Gold ended a five-week winning streak on Friday, but its rally is likely not over yet as favorable factors such as demand from central banks continue, even as a wave of net withdrawals continues. from gold ETFs began to reverse. Gold prices increased 0.3% to 2,348.75 USD, but fell sharply...
Gold slid after high inflation in the US extinguished expectations of the Fed cutting interest rates Gold fell ahead of the Fed meeting, where policymakers are expected to keep interest rates high for longer to control inflation. Gold prices continued last week's momentum and fell by 0.8%. According to data, the US core PCE index rose at a breakneck pace in...
As US growth remains strong and expectations of the Fed cutting interest rates gradually decrease, capital has poured into this country's market and the USD has increased, specifically 4% this year and shows no signs of stopping. . This situation is made even more difficult by the influence of other countries. By the end of 2023, the US economy had grown by more...
If you haven`t bought the dip on SBUX: Then analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week, I would consider purchasing the 90usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $3.15. If these options prove to be profitable prior to the earnings...
If you missed the 10X call on VKTX: Then analyzing the options chain and the chart patterns of VKTX Viking Therapeutics prior to the earnings report this week, I would consider purchasing the 75usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $2.57. If these options prove to be profitable prior to the earnings release,...
If you haven`t bought the dip on GM: Then analyzing the options chain and the chart patterns of GM General Motors Company prior to the earnings report this week, I would consider purchasing the 45usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $1.63. If these options prove to be profitable prior to the earnings...