The spot gold price is $3023.61/ounce, down $20.95 from the previous trading day, a drop of 0.7%. The following are the main factors affecting the gold price and the operation strategy: Influence of news Economic data: The third person in the Federal Reserve and the president of the New York Federal Reserve, Williams, will give a speech, and his remarks may...
Analysis of gold news: At the end of the Asian market on Friday (March 21), spot gold fluctuated and fell from a high level. Gold prices fell after hitting a record high earlier on Thursday, but driven by the Federal Reserve's hint of a possible rate cut and continued geopolitical and economic uncertainties, gold still maintains a bullish outlook. Spot gold hit...
On March 19, the Fed dot plot showed that among the 19 officials, 4 officials believed that there should be no interest rate cut in 2025 (1 in December), 4 officials believed that the interest rate should be cut by 25 basis points in total in 2025, that is, 1 time (3 in December), 9 officials believed that the interest rate should be cut by 50 basis points in...
📊Gold news: On Tuesday (March 18), driven by economic concerns caused by US President Trump's trade policy, gold prices once again broke through the $3,000 mark on Tuesday, setting a new record high. This is the second record this week, showing the strong demand for safe-haven assets in the market. Trump's trade policy is significantly pushing up gold prices....
Gold news: In the early trading of the U.S. market on Monday (March 17), spot gold maintained a mild rebound trend during the day. Gold prices consolidated recent gains below $3,000/ounce; gold prices hit an all-time high of $3,005/ounce last Friday. Under the influence of favorable fundamentals and technical factors, the upside potential of gold prices remains...
Analysis of gold news: Spot gold hit a historical high of $3004.99/ounce on Friday (March 14), but then profit-taking transactions occurred, and the price of gold fell sharply from the high, falling to a low of $2978.22/ounce. Global markets collectively rose, stocks soared, and European stock markets also rose across the board. The news that the US government...
Analysis of gold news: Spot gold hit a historical high of $3004.99/ounce on Friday (March 14), but then profit-taking transactions occurred, and the price of gold fell sharply from the high, falling to a low of $2978.22/ounce. Global markets collectively rose, stocks soared, and European stock markets also rose across the board. The news that the US government...
Gold broke through the 2930 line and stabilized on Thursday, and then ran a strong pull-up. The market rose to 2988.9 and closed at 2988. In terms of the gold daily line structure, the market moved abnormally at the beginning of this week, and then unexpectedly returned to the upper side of the moving average band, thus launching a new round of rising mode....