FalCol_TradingMaster

FalCol_TradingMaster Updated 

Currently, gold prices are said to be "stuck" in a medium-term correction cycle, while the long-term price chart and macro fundamentals still support this safe-haven metal's price increase after the correction. Adjustment lasting 6 weeks ends. According to Kitco's latest survey, with 12 Wall Street analysts suggesting that price fluctuations are unlikely in the...

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World gold prices decreased in the context of an increase in the USD. Recorded at 9:40 a.m. on December 6, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,792 points (up 0.08%). Gold price after the US released weekly unemployment claims data. The number of dependents applying for new unemployment benefits...

FalCol_TradingMaster Updated 

Speaking in an interview with the press hosted by the New York Times yesterday, Chairman of the US Federal Reserve (FED) - Jerome Powell - said the US economy is now stronger than when the FED started cutting interest rates in September. According to Mr. Powell, the positive news is that the FED can be more careful in setting neutral interest rates - interest...

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Gold prices in the international market increase slowly due to large selling pressure every time gold moves up and the USD strengthens as Donald Trump's US presidency approaches. Gold prices increased again mainly because of the previous strong downward adjustment and investors still expect a long-term upward trend of this precious metal product when the US and...

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World gold prices moved sideways in the context of the USD still strengthening. Recorded at 9:55 a.m. on December 3, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,484 points (up 0.09%). Gold prices face difficulties due to the strong rise of the USD. This could be reinforced as activity in the US manufacturing...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...