HDTradingMaster

HDTradingMaster Updated 

World gold price today (August 3) dropped sharply as risk-averse investors in the market did not provide much support for gold after the announcement of a long-term downgrade to the US government from 'AAA'. ' down to 'AA+' of Fitch Ratings. Analysts note that the US dollar and bond yields have benefited from the flow of safe-haven assets. 10-year bond yield has...

HDTradingMaster

In an interview with Kitco News, WGC researcher Juan Carlos Artigas said that the banking crisis in May with the collapse of several regional banks in the US boosted physical demand against Gold lining and coins in North America. Unsurpassed global certainty is supporting jewelry sales in key markets like China. The WGC report shows that increased gold demand...

HDTradingMaster Updated 

According to the World Gold Council, global demand for gold fell 2% in the second quarter to 921 tonnes due to high interest payments on deposits and a stronger US economy. However, the demand for gold by central banks in the first 6 months of 2023 reached a record high of 387 tons. If central banks implement "smart money flow" control, this is a positive signal...

HDTradingMaster

The gold market is having a hard time finding a solid foundation, even though the Federal Reserve is approaching the end of its tightening monetary policy cycle. The Fed's latest Senior Lending Officers (SLOOS) Opinion Survey shows a broad-based tightening signal market. Survey data shows signal conditions continue to tighten, although fears from the Banking...

HDTradingMaster Updated 

For the past week, after stalling for much of the trading week to receive a 25-basis-point gain from the US Federal Reserve, gold was stripped of its strength on Thursday morning after data surged. And the job was better than I expected. However, the precious metal regained what it lost afterwards and returned to near $1,960 per ounce in reaction to usage...

HDTradingMaster Updated 

The IGCS gauge shows that about 63% of retail traders are net-long gold. Since the majority are still biased to the upside, this hints that prices may continue lower down the road. However, downside exposure has increased by 18.68% and 16.94% compared to yesterday and last week, respectively. With that in mind, recent changes in exposure hint that prices may...

HDTradingMaster Updated 

Gold prices fluctuated in a machine range at the start of the week as investors awaited more news on US economic data this week for a clearer view of the US Federal Reserve's main monetary view. (FED). Last week, after cautiously moving sideways for most of the trading week to capture the Fed's response to an additional 0.25 percentage point (25 basis points)...

HDTradingMaster Updated 

The world gold price this morning turned to fall sharply, the dollar rose after the struggle of the Fed's monetary policy when newly released data showed that the growth of the US economy was better than forecast. The dollar rebounded in the last session, after more-than-expected US economic data continued to reduce investors' expectations for a relatively...

HDTradingMaster Updated 

On Friday, gold prices returned to the upside after a cooling day, helped by a slight drop in the dollar as signs of U.S. developments cooled. Money markets are focusing on decisions by the Federal Reserve (Fed) during the likely end of the monetary tightening cycle. Data released on Friday showed that U.S. annual growth slowed significantly in June. The Personal...

HDTradingMaster

Bitcoin's digital currency today hits the $568 billion mark. Bitcoin trading volume on the market reached 10.9 billion USD. Other cryptocurrencies have divergence: ETH down 0.4%, SOL down 0.19%, XRP down 0.26%, DOGE down 0.5%... Gainers include BNB up 0.67 % , ADA up 0.3%... The total market capitalization is 1.180 billion USD, down 0.87% compared to 24 hours...

HDTradingMaster Updated 

U.S. economic data on Thursday morning fell entirely on hawkish monetary policy, suggesting at least one more rate hike may be needed to further cool the U.S. economy and stave off inflation. broadcast. Pricing is problematic. Following the data, the dollar index rose 0.8% against its rivals, making gold more expensive for holders of other currencies. Yields on...

HDTradingMaster Updated 

On Thursday, non-yielding precious metals faced selling pressure amid strong data from the US, which made markets start to place bets on a possible hike by the Federal Reserve (Fed) in September, which increased US treasury yields. It's worth mentioning that Jerome Powell claimed on Wednesday that in September, the Fed may hike or pause, adding that the decision...

HDTradingMaster Updated 

The world gold price continued to increase slightly with spot gold up 7.1 USD to 1,971.2 USD/ounce. Gold futures in August last traded at $1,972.5 per ounce, up $8.8 from dawn the day before. Gold markets stabilized and reacted mildly after the US Federal Reserve (Fed) decided to raise interest rates by 25 basis points at its July meeting, paying the federal...

HDTradingMaster

The world gold price continued to increase slightly with spot gold up 7.1 USD to 1,971.2 USD/ounce. Gold futures in August last traded at $1,972.5 per ounce, up $8.8 from dawn the day before. Gold markets stabilized and reacted mildly after the US Federal Reserve (Fed) decided to raise interest rates by 25 basis points at its July meeting, paying the federal...

HDTradingMaster Updated 

Gold breaks out of a flag pattern, showing bullish potential with solid support at 1,952 and upside targets at 1,997 and 2,010. Aiming for new record highs eventually. The recent retracement low of 1,952 yesterday provided solid support given the several technical confirmations of that price zone being a key pivot. It includes the 34-Day EMA, the 61.8% Fibonacci...

HDTradingMaster

According to Reuters, gold prices rose on the back of a weaker dollar, while investors were waiting for fresh signals at the Fed's two-day meeting. The Fed meeting will begin on July 25 and end on July 26 (US time). Specifically, the USD index dropped from a two-week low to 101.27 amid investors' high expectations for this week's three central bank policy...

HDTradingMaster Updated 

Markets will focus on comments by Fed Chair Jerome Powell on Wednesday (July 26) and European Central Bank (ECB) President Christine Lagarde on Thursday (July 27) on the policy outlook. currency. Gold price always reacts to my dynamic scaling modes. By increasing interest rates will help the USD strengthen, but create the attractive attraction of non-profitable...

HDTradingMaster Updated 

World gold price reversed to increase slightly with spot gold up 9.7 USD to 1,964.1 USD/ounce. August gold futures last traded at $1,963.7 per ounce, up $6.4 from dawn the day before. The gold market remains resilient as it continues to maintain solid support above $1,950 an ounce even as the US Federal Reserve unleashes its strongest tightening cycle in more...