FalCol_TradingMaster

FalCol_TradingMaster

On the world market, gold price reached 1,856.59, down 5.9 USD Expert Tony Sycamore of IG Australia believes that, under the impact of the latest developments in the currency market, the USD will continue to be bought and receive additional momentum. Therefore, Marc Chandler, CEO at Bannockburn Global Forex, commented that the gold market needs more economic data...

FalCol_TradingMaster

The USD continued to decline in the last trading session, as Treasury bond interest rates dropped sharply following "dovish" comments from US Federal Reserve (Fed) officials. Accordingly, the benchmark US 10-year Treasury bond fell from the highest level reached on October 9 of 4.887%, to the lowest level of the day of 4.618%, after Atlanta Fed President Raphael...

FalCol_TradingMaster Updated 

World gold prices this morning were stable with spot gold down 1.1 USD to 1859.8 USD/ounce. December gold futures last traded at 1,873.8 USD/ounce, up 9.5 USD compared to yesterday morning. Although the Israel-Hamas conflict has not subsided, it continues to promote safe-haven buying activities in the gold market. However, that momentum failed to help the...

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The euro EURUSD was up 0.1% in early Asia trade to $1.0580. The Israeli shekel (ILS=D3) steadied at 3.95 to the dollar, just off an almost eight-year low, after the central bank promised $30 billion in foreign exchange selling.

FalCol_TradingMaster

After Hamas' surprise military attack on Israel last weekend, safe-haven demand for gold increased sharply. Thereby, December gold price increased by 18.40 USD, to around 1,863.40 USD/ounce. Besides, the gold market is also being affected by US macroeconomic data about to be published this week. Meanwhile, Marc Chandler, CEO at Bannockburn Global Forex, said the...

FalCol_TradingMaster Updated 

After Hamas' surprise military attack on Israel last weekend, safe-haven demand for gold increased sharply. Thereby, December gold price increased by 18.40 USD, to around 1,863.40 USD/ounce. Besides, the gold market is also being affected by US macroeconomic data about to be announced this week. Daniel Pavilonis, senior commodity broker at RJO Futures, said that...

FalCol_TradingMaster

According to Investing, the USD opened the week at a modest level compared to the previous week as it ended a week of weakness against a basket of currencies, as investors assessed a jobs report that showed US hiring increased. widely in September but the pace of wage growth is also slowing down. The USD index rose as high as 106.98 last week after data showed US...

FalCol_TradingMaster Updated 

World gold prices this morning tend to increase with gold prices increasing by 2.5 USD, so the trading level is up to 1835.6 USD/ounce. In trading late last week, the gold market demonstrated recovery momentum as the labor market breakout revealed some weakness despite last month's increase in jobs. The modest increase ended a long series of declines since the US...

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The U.S. dollar rises as capital flows into the safety of the U.S. currency following Hamas's attack on Israel, analysts say. "The escalation of the tension sent a panic into the financial markets on Monday open," Ipek Ozkardeskaya, senior analyst at Swissquote Bank, says in a note. However, it is difficult to predict the extent of the price action on geopolitical...

FalCol_TradingMaster

World gold prices tend to increase in the first trading session of the week. Wall Street analysts and retail investors are evenly split on the outlook for gold prices this week. After a series of days of losses since the US Federal Reserve (FED) kept interest rates unchanged on September 20 and after the US employment report pushed spot gold prices to a new...

FalCol_TradingMaster

Most opinions say that rising long-term bond yields are still one of the unfavorable factors for gold. Evidence is that in the past week, gold suffered a strong sell-off when the US 30-year bond interest rate increased to 5% for the first time since 2007, while the 10-year bond interest rate reached 5% for the first time since 2007. highest in 16 years, at...

FalCol_TradingMaster

World gold prices tend to increase in the first trading session of the week. Wall Street analysts and retail investors are evenly split on the outlook for gold prices this week. After a series of days of losses since the US Federal Reserve (FED) kept interest rates unchanged on September 20 and after the US employment report pushed spot gold prices to a new...

FalCol_TradingMaster

In the first trading session of the week, the USD fell 0.13%, to 104.10 amid US employment data that boosted bets that the US Federal Reserve (Fed) may be about to end the cycle. period of interest rate increases. Meanwhile, risk sentiment improved thanks to hopes that China's stimulus policy could stabilize the economy. Accordingly, Beijing has planned further...

FalCol_TradingMaster

World gold prices are on an upward trend with gold transactions immediately increasing by 2.5 USD with a trading level of up to 1835.6 USD/ounce. Kitco News' latest ongoing gold price survey has 38% calling for higher gold prices this week; 38% predict prices will decrease; 24% have a neutral view on gold this week. The USD on the world market spread and...

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Even though the USD and US Government bond yields increased quite strongly this morning, investors still put their gold purchasing power to hedge against risks. Specifically, the Dollar-Index - which measures the strength of the USD in a basket of 6 currencies, increased by 0.24% compared to the previous session, to 106,300 points, at 6:13 a.m. this morning....

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Support for lower EUR/USD remains in early 4Q but becomes less clear in November and December, when seasonality indicates a weak USD and positive risk appetite, SEB Research analysts say in a note. "However, in October, the relative rate spread tends to be supportive of a lower EUR/USD," they say. Current macroeconomic trends also support a stronger USD, with the...

FalCol_TradingMaster

World gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD...

FalCol_TradingMaster

World gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD...