


Gold remains an attractive market as bonds offer little protection while stocks continue to be sold. Fresh bullish bids in the gold market come as markets expect the US Federal Reserve (FED) to maintain restrained interest rates in 2024, analysts warn that demand lurks Value markets continue to be assured and will obscure possible risks from US monetary...
The world gold market has witnessed strong buying force in the past 2 weeks. Investor demand for a safe haven has increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase. According to experts, in addition to the conflict in the Middle East, investors should monitor developments in the Fed's monetary policy...
The world gold price on the first day of the week tends to decrease with immediate gold trading down 2.3 USD, compared to the previous weekly trading time down to 2,003.3 USD/ounce. Gold continues to strengthen as sentiment is supported and there is an increasing risk of that happening amid the ongoing conflict in the Middle East. In weekend trading, the yellow...
Gold prices fell after the US economic report was better than expected. The market leans towards the "hawkish" side of monetary policy, with many opinions supporting the US Federal Reserve to continue raising interest rates. According to published data, America's third quarter GDP is estimated to increase by 4.9%. Inflation index has been controlled. The US...
World gold prices increased slightly this morning with spot gold increasing by 4.3 USD to 1,983.9 USD/ounce. Gold futures last traded at $1,997.40 an ounce, up $2.50 from the bright spot. World gold this morning was calm compared to yesterday's brilliance but has dropped much from the high level it had during the day when the newly released report showed the...
World gold prices are currently increasing again with spot gold prices increasing by 9.3 USD, to 1,979.6 USD/ounce compared to yesterday morning. Gold futures last traded at $1,994.90 per ounce, up $8.80 in today's session. Gold prices in today's trading session increased slightly in the context of the conflict in the Middle East remaining tense and consultants...
Last night - brightly today, the global financial market received more economic information. In particular, the US economy had new home sales in September reaching 759,000 units, higher than the forecast of 680,000 units and the previous month's level of 676,000 units. However, construction permits fell sharply from 6.8% in August to negative 4.5% in September. A...
Gold prices today (October 25), the world market continues to decrease compared to the previous session, when the USD soared. The service sector purchasing managers' index in October in the US increased sharply. According to technical analysis, the PMI index increased to 50 points for an economy that is expanding its production and business scale. Since April...
S&P Global said on October 24 that US business output increased higher in October, as the manufacturing sector escaped a five-month decline, due to increased new orders and translation activities. The case accelerated slightly, in the context of cooling inflation pressures. That is the latest sign that the US economy is standing firm in the face of interest rate...
Meanwhile, the Bank of England will set interest rates at its policy meeting next week, following the Fed's decision on November 1. The European Central Bank meeting ends tomorrow, October 26, with traders expecting all three central banks to keep interest rates stable. “October PMI surveys suggest that economic activity got off to a rather tepid start in Q4,...
Global financial markets have been hit by a rise in US bond yields, which pushed the benchmark 10-year Treasury yield above 5% on October 23 - the highest since July 2007. Rising yields pushed the DXY index to a nearly one-year high earlier this month. The dollar rose 0.1% against the Japanese yen, currently at 149.91 yen, leaving traders worried about possible...
Instability in the regions can cause disruption to the global supply chain as happened after the outbreak of the Russia-Ukraine conflict. Inflation may again increase uncontrollably like in Europe and the world after Russia and Ukraine fell into a terrible crisis. The Israel-Hamas peace summit on Gaza organized by Egypt ended without providing a solution to...
The radiant world gold price has decreased slightly with spot gold down 0.7 USD to 1,973 USD/ounce compared to yesterday morning. Gold futures last traded at $1,987.80 per ounce, down $6.60 from the previous week's trading session. At the end of today's trading session, gold prices fell slightly, ending the impressive increase to nearly 2,000 USD in last week's...
The situation in the Middle East remains unpredictable and very unstable, while Israel's proposed invasion of Gaza still seems to be delayed. The market is expected to maintain a risk-off mentality one week ahead with many important events and figures. UK unemployment figures are due out tomorrow morning, followed by the latest S&P Global PMI data. Ratings agency...
According to Investing, the USD has become more stable after somewhat mixed comments from Federal Reserve Chairman Jerome Powell on the interest rate roadmap. The greenback ended the week lower as traders booked some recent profits. In the past week, the DXY index turned down as US Treasury bond yields continued to rise. The 10-year US Treasury bond interest rate...
Closing this morning's trading session, the DXY index is stuck in a narrow range between 105.97-106.67 last week. The current key support level for this index is 106. If the DXY Index can maintain well above the 106 mark, the short-term outlook will be bullish, possibly even reaching the 107-108 mark. On the other hand, if this index falls below the 106 mark, it...
The USD remained anchored at a 10-month high, while US government bond yields left a 16-year high. This week, the US will release many important economic reports and are expected to have a direct impact on the Fed's interest rate outlook. Many experts believe that there is a high possibility that the Fed will continue to raise interest rates one more time in the...
The US Congress enacted a temporary budget law last weekend to prevent the risk of a Government shutdown. This act helps allocate funds to ensure the federal government can maintain operations until November 17. According to the US Constitution, Congress is responsible for allocating budget for the operations of 438 government agencies in each fiscal year (ending...