HDTradingMaster

HDTradingMaster Updated 

New reports on the release have shown that US development continues to "cool down" and the job market also shows signs of weakness. Specifically, the consumer price index (CPI) of the US in July increased by 3.2% over the same period last year, slightly lower than the forecast of 3.3% of experts. CPI recorded a 3.0% increase in the June report. Meanwhile, the US...

HDTradingMaster Updated 

World gold price continued to fall with spot gold down 11.2 USD to 1,913.2 USD/ounce. December gold futures were last traded at $1,950.6 per ounce, down $9.3 from the previous day's dawn. Gold fell to a four-week low in early morning trade as other economic reports from China showed weaker consumer and commodity demand. Specifically, the latest data shows that...

HDTradingMaster

According to recent data, the US economic growth rate of 2.4% in the second quarter of 2023 exceeded expectations. This is a sign that my economy is gradually recovering. Another reason for the gold price slide is the fear that the demand for gold from China - the world's second largest economy will decline. This comes from the Chinese economic report that shows...

HDTradingMaster Updated 

The USD tends to inched up against major currencies in the world in the context that the US economy is making strong recovery steps. The growth rate of 2.4% in the second quarter of 2023 exceeded expectations. Lampy has down 3%. User sentiment is improving. Previously, for a long time, investors thought that the US economy could not avoid a recession after the...

HDTradingMaster Updated 

World gold price continued to decline with spot gold down 11.6 USD to 1,924.6 USD/ounce. December gold futures last traded at $1,959.9 an ounce, down $10.1 from dawn the day before. Gold came under pressure and continued to fall as a new report showed China's imports and exports fell more than expected in July while weak demand threatened the second-largest...

HDTradingMaster Updated 

Gold prices fell in Tuesday's trading session as uncertainty over the US Federal Reserve's next move and anticipation of a stronger period of growth this week faltered. USD support and bond interest. Domestic gold price, therefore, may decrease tomorrow morning. The dollar and bond markets have rallied over the past week, with the greenback surging on predictions...

HDTradingMaster Updated 

Gold prices fell due to pressure from China's newly announced July import and export data, which fell lower than expected. Accordingly, the export of sewing needles in July of the world's second largest economy decreased by 14.5% compared to expected, lower than the same period last year. This is also the sharpest drop since February 2020. Similarly, China's July...

HDTradingMaster Updated 

The world gold price fell 2 USD/ounce, down to 1,934 USD/ounce. The precious metal was unable to keep its upward momentum in the US session (the night of 7.8) when from 1,934 USD/ounce to 1,942 USD/ounce. Gold's quick turnaround lost $12 per ounce, down to $1,930 before recovering slightly. Investors sell gold. The world's largest gold investment fund SPDR sold...

HDTradingMaster Updated 

World gold prices in the early trading session of the week hit the lowest level in 4 weeks after US Federal Reserve Governor Michelle Bowman said that additional interest rate hikes are needed to bring the end to the 2% target. Although recent data suggest that playback times are slowing, more evidence is needed, Bowman says. In addition, Fed officials Raphael...

HDTradingMaster Updated 

Last week, gold edged higher as the US jobs report in July was weaker than expected, including downward revisions in May and June. The latest Kitco News Gold Survey showed, The US labor market's loss of momentum, even as inflationary pressures persist, has left most market analysts optimistic or neutral on gold's outlook this week. Specifically, among Wall Street...

HDTradingMaster Updated 

Thus, today's gold price has started more clearly when it has increased by 8 USD/ounce compared to the early hours of the morning. Experts believe that the gold price will soon recover and have more opportunities to develop when the new data released for the US economy is weakening. Nonfarm payrolls increased by 187,000 in July, but still below the previous...

HDTradingMaster

The gold market recovered after the release of the US Department of Labor's July jobs report that was lower than expected compared to May and June. Amid strong wage growth, daily gold prices fell increased from 1,931 USD/oz to the highest level in 1,946 USD/oz in the latest trading session. Kitco News' latest gold price survey this week shows that the US labor...

HDTradingMaster Updated 

World gold prices fell slightly yesterday and are holding near a three-week low after US private payrolls data raised the possibility that the Fed will continue to tighten monetary policy and create a dollar as well as the US dollar. US bond yields rose. “This is an opportunity to buy, although some short-term volatility is possible, especially as bond yields are...

HDTradingMaster Updated 

Gold prices were mixed in afternoon trading on Thursday (August 3), near the end of three weeks, after US private sector employment data showed the economy could avoid a recession. and bet on further monetary tightening. This is a buying opportunity, said Clifford Bennett, head of economics at ACY Securities, although there could be some further short-term...

HDTradingMaster Updated 

World gold price this morning reversed down with spot gold down 15.2 USD to 1,950.3 USD/ounce. December gold futures were last traded at $1,978.8 per ounce, down $30.4 from dawn the previous day. In the context of lack of information driving the market, the USD appreciation put pressure on gold. Earlier this morning, the US Dollar Index, which measures the...

HDTradingMaster Updated 

In the trading session on February 8, the gold market fluctuated according to conflicting information about the US economy. Gold rose strongly again after the credit rating agency Fitch lowered the credit rating of the US by one level, from AAA to AA+. The dollar fell, thereby bringing the price of gold up. However, precious metals immediately turned lower as...

HDTradingMaster Updated 

For now, the market is waiting for the July jobs report for more clarity on the Fed's next monetary policy path. The nonfarm payrolls figure is expected to rise to 200,000 jobs, compared with a gain of 209,000 in the June report. It can be seen that the gold market is facing a kind of "headwind" as the use of resilience, a healthy labor market and strong economic...

HDTradingMaster

While gold could continue to fluctuate in the future, economists say it may only be a matter of time before investors see gold as an essential store of value. as America's growing debt becomes a bigger concern. In its announcement, Fitch said it sees a common U.S. government nightmare projected to grow 6.3% of GDP in 2023, up from 3.7% in 2022. nightmare will...