Henrybillion

Henrybillion

Gold prices hovered below a one-week high hit on Wednesday and remained well supported by concerns over the potential economic fallout from Trump’s trade tariffs and a global trade war. Meanwhile, recent weaker US macroeconomic data has raised expectations of further Fed easing, weighing on the USD and benefiting the yellow metal. The daily chart for XAU/USD...

Henrybillion

Gold prices rose on Wednesday (March 5), supported by a weaker US dollar, as investors awaited official US jobs data due later this week for more details on the Federal Reserve's monetary policy. At the close of trading on March 5, spot gold edged up 0.1% to $2,919.54 an ounce. Gold futures added 0.2% to $2,927.50 an ounce. The US dollar index fell 1.2%, hitting...

Henrybillion

Influenced by US President Trump's new tariffs on imports from Canada and Mexico and the doubling of tariffs on Chinese goods, the situation has raised concerns about a global trade war. Gold XAUUSD found support after the new tariff concerns and recovered to the target of 2,900 USD and broke above this level after which the rally has weakened. Trump's tariff...

Henrybillion

Gold prices are holding steady below $2,900 early Tuesday, consolidating recent gains ahead of the next leg higher. The market remains risk-off as a global tariff war seems inevitable, with US President Donald Trump confirming 25% tariffs on Canada and Mexico to take effect on Tuesday while he signed an order to increase tariffs on China to 20%. There is no news...

Henrybillion

Gold prices are currently hovering around $2,872 an ounce, reflecting the strong market volatility caused by President Donald Trump's tariff policies. On March 1, Trump signed an executive order requesting a national security investigation into imported lumber, bringing the total number of tariff investigations in the past 10 days to three. He previously announced...

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Gold prices today, March 3, on the world market increased sharply in the closing session of the week. Domestic gold prices set a new record of over VND 81 million/tael. Gold prices on the Kitco floor closed the trading week at USD 2,082/ounce, up 1.9% compared to the beginning of the session. Gold futures for April 2024 delivery on the Comex New York floor traded...

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GOLD WEEK (24/02/2025) ❗️Economic analysis: 1. Concerns about global economic instability - The US tariff policy is putting great pressure on the world economy, increasing concerns about stagflation (weak economic growth but high inflation). - This boosts demand for gold from individual investors and central banks, especially the BRICS bloc. 2. Geopolitical risks...

Henrybillion

Gold prices struggled to gain after Tuesday's recovery in the Asian session on Wednesday. Gold buyers tried their luck as safe-haven flows returned following uncertainty over US President Donald Trump's tariffs and a weak US economic outlook. The SW price line is large at 2930 - 2888, all frames show hesitation right at this 2907 area. So at least we need to see...

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Gold (XAU/USD) is hovering around 2,955, a key resistance zone that will determine the next trend. Although gold is still holding its bullish momentum within the price channel, the current momentum is not strong enough to create a clear breakout. On the 2H chart, XAU/USD is still above the EMA 34 and EMA 89, indicating that the buyers are still in control. If the...

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Gold (XAU/USD) continued to retreat from its all-time high hit the previous day and fell to $2,929 in the first half of the European session on Tuesday. In the absence of any fresh fundamental triggers, the intraday decline could be due to some profit-taking and is likely to remain limited. Concerns over the potential economic fallout from US President Donald...

Henrybillion

Gold (XAU/USD) is hovering around 2,955, a key resistance zone that will determine the next trend. Although gold is still holding its bullish momentum within the price channel, the current momentum is not strong enough to create a clear breakout. On the 2H chart, XAU/USD is still above the EMA 34 and EMA 89, indicating that the buyers are still in control. If the...

Henrybillion

Gold Price Hits Record High – Ready to Hit $3,000? Strong safe-haven demand and buying from ETFs pushed spot gold prices up $18 to $2,956/ounce – the 11th highest level this year. The Dollar Index has fallen sharply since the end of the year, making the precious metal “cheaper” for international investors. According to expert Jim Wyckoff from Kitco Metals,...

Henrybillion

On February 24, in the Asian market, the price of goldXAUUSD is close to the record high of last week, mainly due to unexpectedly weak economic data in the United States and high inflation expectations, increasing demand for safe-haven assets. Gold price XAUUSD is currently fluctuating around 2,940 USD, reaching a high of 2,943 USD, close to the all-time record,...

Henrybillion

Hello dear traders! Do you think XAUUSD should be bought or sold? Yesterday, after reaching 2,945 USD/ounce, the gold price in the trading session last night was sold by some investors, taking profits. The gold price at times plunged by tens of USD/ounce. However, immediately after that, money suddenly flowed strongly into the gold market. The reason is said to...

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In the European session, gold prices XAUUSD reversed losses and broke recent historical highs. Progress in peace talks between the United States and Russia is now expected, as the administration of US President Donald Trump has agreed to further discussions with Russia to push for an end to the war in Ukraine. In addition, Trump has threatened to impose 25%...

Henrybillion

Gold (XAU/USD) hovers around $2,900 after a strong rally. This reflects cautious sentiment amid a weakening USD and concerns over trade tensions. On the 4H chart, gold trades within a sideways channel, with key support at $2,853 and strong resistance at $2,943. The weakening USD and the Trump administration’s tariff policy continue to underpin gold. However,...

Henrybillion

Gold (XAU/USD) hovers around $2,900 after a strong rally. This reflects cautious sentiment amid a weakening USD and concerns over trade tensions. On the 4H chart, gold trades within a sideways channel, with key support at $2,853 and strong resistance at $2,943. The weakening USD and the Trump administration’s tariff policy continue to support gold. However,...

Henrybillion

The continued support of the greenback, coupled with a broad-based decline in US bond yields, has supported a further recovery in gold, trading well below record highs. Gold is set to hit a new record high before the weekend. If this trend continues, it will be difficult to resist. However, a positive geopolitical shift could change the picture and no longer...