FalCol_TradingMaster

FalCol_TradingMaster

Gold will come under further pressure if the US labor market remains strong, reducing the Fed's interest rate lowering cycle. The gold market is concerned about some of President-elect Donald Trump's policies related to the strength of the USD in the upcoming term. GDP growth at 3% and a lower trade deficit during Mr. Trump's term will not be affected by the...

FalCol_TradingMaster

The focus of the gold market recently has been developments in the United States after Donald Trump won the 2024 presidential election. In a short period of time, the future cabinet list was announced with all candidates. is considered to have impressive achievements. In addition, Mr. Donald Trump pledged to sharply increase taxes on America's three largest...

FalCol_TradingMaster

Last week, the Federal Reserve's preferred inflation measure was the newly announced personal consumption expenditure index (PCE). PCE increased 2.8% over the past 12 months, higher than expected. The US central bank indicated in its latest meeting minutes that higher-than-expected inflation could force it to adjust the pace of its easing cycle. The market still...

FalCol_TradingMaster

Currently, the world is witnessing the monetary tightening cycle coming to an end. Many countries, including the US, have begun to enter a cycle of lowering interest rates. Minutes of the US Federal Reserve (Fed) published on the night of November 26 (Vietnam time) mentioned that the US needs to gradually lower interest rates. However, it also recorded signs of...

FalCol_TradingMaster

World gold prices continued to increase slightly, with spot gold increasing by 3.2 USD to 2,632.8 USD/ounce. Gold futures last traded at $2,660.40 an ounce, up $4.80 from the bright spot. USD weakness added momentum to gold on Wednesday. Accordingly, the US Dollar Index fell 0.8%, hitting a two-week low, increasing the appeal of gold to holders of other...

FalCol_TradingMaster

World gold prices recovered this morning due to increased bottom-fishing demand after this commodity fell from 2,720 USD/ounce last week to near the important support level of 2,600 USD/ounce on the afternoon of November 26. . Currently, investors are waiting for the minutes of the November FOMC meeting of the US Federal Reserve (FED) to get more information...

FalCol_TradingMaster

Despite the decrease, world gold still maintains the level of 2,630 USD/ounce. Neils Christensen - an analyst at Kitco News commented that gold prices are anchored high as this precious metal continues to reflect uncertain geopolitical changes related to the upcoming administration of President-elect Donald Trump. . However, one market analyst still expects the...

FalCol_TradingMaster

Russian President Vladimir Putin today, November 22, announced that the test of a medium-range missile complex carrying an Oreshnik supersonic warhead was successful. A day earlier, Russia attacked the Southern Machine Manufacturing Factory (Yuzhmash) in Dnipro (Ukraine), saying this was a move in response to Ukraine's use of ATACMS missiles supplied by the US...

FalCol_TradingMaster

The latest US weekly macroeconomic data showed 213,000 new unemployment claims, down sharply from the previous week. This further increases the market's expectation that the US Federal Reserve (FED) will further lower interest rates in December. In response to this information, the USD–Index surpassed the 107 point mark, meaning the USD increased in price very...

FalCol_TradingMaster

Gold prices increased due to bottom-fishing demand skyrocketing in the context of increasing Russia-Ukraine tensions. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after coming to power on January 20. Currently, investors' attention is also focused on some officials of the US Federal Reserve (FED), who are expected to give speeches...

FalCol_TradingMaster

World gold prices increased sharply due to increased demand for safe havens. Kitco senior analyst Jim Wyckoff said that buying activities take place when the geopolitical situation is heating up, promoting stronger risk-avoidance sentiment. Reports say Ukraine has carried out its first attack on a border region in Russia using long-range missiles supplied by the...

FalCol_TradingMaster

Previously, investors expected that Mr. Trump could end the Ukraine conflict within 24 hours as announced after his election. Expectations that geopolitical tensions will cool in many areas have caused gold to plummet, from a peak of 2,789 USD/ounce recorded today, October 30, to 2,540 USD, November 14. But now, the forum in Ukraine may change. Ukraine believes...

FalCol_TradingMaster

The yellow precious metal recovered as the USD weakened. The DXY index measuring the greenback's strength fell to 106.21 points. However, US Treasury bond yields continue to rise, leading many experts to limit gold's gains. According to analyst James Hyerczyk at FX Empire, the gold recovery occurred when the USD temporarily paused below its highest level in a...

FalCol_TradingMaster

Gold prices fell nearly 5% last week, marking the biggest drop in nearly three years. Since its highest peak, gold prices have lost more than 250 USD (about 9%), a notable decrease since the beginning of the month. The main reason for this price drop is the strengthening USD, making gold - which is traded in USD - more expensive for international investors,...

FalCol_TradingMaster

World gold prices exploded strongly when the USD dropped. Recorded at 9:30 a.m. on November 18, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,562 points (down 0.05%). Although the short-term technical picture has improved, it is still too early to confirm a bottom. “Speculators will hope the sell-off since...

FalCol_TradingMaster

World gold prices dropped to their lowest level in nearly 2 months due to pressure from the strong recovery of the USD. Recorded at 8:33 a.m. on November 13, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,897 points (up 0.04%). The inverse relationship between gold and the USD seems to have disappeared in recent...

FalCol_TradingMaster

Geopolitical tensions are expected to cool down under Donald Trump. And the US economy will attract international capital flows. Cash flow poured heavily into many high-risk assets such as the stock market, cryptocurrency market,... thereby putting more pressure on gold. However, in the medium and long term trend, gold is still forecast to increase in price. Many...

FalCol_TradingMaster

Experts believe that the market's adjustment phase is a "temporary" reaction to Donald Trump's re-election as US President and maintains his opinion in favor of increasing gold prices in the near future. During the question and answer session this morning, Governor of the State Bank Nguyen Thi Hong shared that "gold is also a headache for the world". She informed...