FalCol_TradingMaster

FalCol_TradingMaster Updated 

Yesterday, the market received information about US inflation data, which more or less affected gold prices. Specifically, the US consumer price index remained unchanged in October and core inflation showed signs of slowing down. CPI increased by 3.2% compared to the same period last year. This level in September was 3.7%. Accordingly, after the inflation report...

FalCol_TradingMaster Updated 

Gold prices today (November 14) in the world rebounded right before the US announced the October consumer price index today. The falling USD has supported the increase in gold prices. World gold prices continued to increase this morning because the falling USD supported the increase in gold prices as transaction and custody costs decreased. Specifically, the...

FalCol_TradingMaster Updated 

World gold prices this morning tended to increase with spot gold increasing by 1.2 USD compared to last week's closing level to 1,939 USD/ounce. Last week, the gold market witnessed its second consecutive week of decline due to weak safe-haven demand while US Federal Reserve Chairman Jerome Powell took a hawkish stance on monetary policy. According to City Index...

FalCol_TradingMaster Updated 

World gold prices this morning reversed to increase slightly with spot gold increasing by 8.4 USD to 1,958.2 USD/ounce. Gold futures last traded at 1,963.5 USD/ounce, up 5.7 USD compared to yesterday morning. The slight weakening of the USD in the evening trading session of November 9 (Vietnam time) slightly increased the appeal of gold to buyers holding other...

FalCol_TradingMaster Updated 

World gold prices this morning continued to decline with spot gold down 19.3 USD to 1,949.4 USD/ounce. Gold futures last traded at 1,955.7 USD/ounce, down 17.8 USD compared to yesterday morning. The gold market witnessed its third consecutive decline as investors looked for new signals about the US Central Bank's interest rate stance. Daniel Ghali, commodity...

FalCol_TradingMaster

World gold prices this morning continued to decline with spot gold down 8.8 USD to 1,968.7 USD/ounce. Gold futures last traded at 1,973.5 USD/ounce, down 15.1 USD compared to yesterday morning's gold. The strong recovery of the USD in the evening trading session of November 7 took away the appeal of gold for buyers holding other currencies. Investors are...

FalCol_TradingMaster Updated 

As gold retraces, attention turns to support zones around 1,953 to 1,947 and key moving averages, while investors watch for signs of recovery. Gold confirmed a breakdown from its small rising trend channel today as it fell through the lower trendline of the pattern and yesterday’s low of 1,977. Weakness was further confirmed on a drop below last Wednesday’s minor...

FalCol_TradingMaster Updated 

World gold prices decreased this morning with spot gold down 13.5 USD to 1,977.5 USD/ounce. Gold futures last traded at 1,988.6 USD/ounce, down 10.6 USD compared to yesterday morning's gold. During the first trading session of the week, safe-haven metals came under pressure as risk appetite among investors and traders increased. According to experts, weak...

FalCol_TradingMaster Updated 

Last week, gold fluctuated with a narrow range and regularly tested the psychological barrier of 2,000 USD/ounce. However, the metal still failed to hold this level as it was caught between conflicting factors between interest rate expectations and geopolitical concerns. Among Wall Street analysts participating in the survey, 60% expect gold prices to move higher...

FalCol_TradingMaster

On the world gold market, the spot gold price at yesterday's session in the US increased by 7.1 USD to 1,992.2 USD/ounce. In the Asian session this morning, gold price reversed and dropped to 1,987.1 USD/ounce. Gold should have exceeded $2,000 but that did not happen. So I think that will cause gold to lose a little bit of momentum. Gold has surged due to...

FalCol_TradingMaster

Gold price on Kitco closed last week's trading session at 1,992 USD/ounce. Investors' worries about the Israel-Hamas conflict still exist, but that cannot help gold prices surpass the threshold of 2,000 USD/ounce. It is because the gold price cannot surpass this important threshold that has caused market psychology to become cautious. Some analysts believe that...

FalCol_TradingMaster Updated 

Many experts predict that the fall in gold prices is due to profit-taking pressure when last week the precious metal increased by 5%. Two weeks ago, the US and European economies released economic growth reports, in which GDP growth in the US increased more than twice the forecast. As a result, US Government bond yields have increased sharply. The 10-year US...

FalCol_TradingMaster Updated 

World gold prices this morning were stable with spot gold increasing by 2.6 USD to 1,985.1 USD/ounce. Gold futures last traded at 1,993.7 USD/ounce, up 6.2 USD from yesterday morning. World gold is relatively stable although the labor market shows signs of decline. A recent report from the US Department of Labor showed that the number of US workers applying for...

FalCol_TradingMaster Updated 

On January 11, the US policy-making basis, the Fed, was completed in early November. This agency decided to maintain the USD operating interest rate at a 22-year high of 5.25%. ,5 years. This basis was put in place to determine the likelihood of a report on the US chief economist. Specifically, the Fed said economic activity increased sharply in the third quarter...

FalCol_TradingMaster

Many experts predict that the US economy may fall into recession this year due to the rapid pace of interest rate increases. However, the world's largest economy is surprisingly strong. In its statement, the Fed emphasized that the US economy was still growing strongly in the third quarter, the unemployment rate was low and the banking system was resilient. This...

FalCol_TradingMaster Updated 

World gold ended October with the largest monthly increase since November 2022 thanks to safe-haven buying due to concerns surrounding the Israel-Hamas conflict. In the last trading session of the month, the gold market was quiet as investors showed caution ahead of the US Federal Reserve's (Fed) policy meeting taking place on Wednesday (US time). Commenting on...

FalCol_TradingMaster Updated 

Precious metal prices declined ahead of the US Federal Reserve's (Fed) monetary policy meeting. Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said that the Fed...

FalCol_TradingMaster Updated 

On October 30, many countries and major economies in Europe and Asia reported that the consumer price index in October dropped sharply and retail sales increased positively. Specifically, Europe's largest economy, Germany, had a CPI index in October that decreased from 4.1% to 3.7%. Germany's CPI on an annual basis decreased from 5.1% at the end of September to...