


NicoTradingMaster
A combination of factors dragged gold prices to their lowest in more than a week on Monday. Bets that the Fed will cut interest rates in September provided some support and helped limit losses. #US Q2 GDP on Thursday and US PCE data on Friday will be eyed for fresh momentum.
Gold prices (XAU/USD) continued their recent correction from record highs hit last week and fell to their lowest in more than a week on Monday. US President Joe Biden's withdrawal from the 2024 Presidential election has increased the likelihood of Donald Trump becoming the next US President, increasing expectations of a looser regulatory environment. This, coupled...
World gold prices tend to recover after plunging in the last trading session of last week. While investors are waiting for important reports at the end of the week, experts predict that the gold market may stabilize at the beginning of the week and will witness fluctuations after the inflation report. However, many opinions believe that the June core personal...
XAUUSD charge dropped sharply on the quit of remaining week, however that is the adjustment length of the H1 and H4 frames, long-time period gold remains in an uptrend. Price regions to be aware of subsequent week are the resistance place 2408 - 2410 and the help place 2356 - 2360.
As mentioned to readers in yesterday`s edition, gold has suffered a downward correction after the Relative Strength Index operated withinside the overbought area, indicating that the room for rate will increase is now no longer too great. big and require modifications after a protracted length of rate will increase. Currently, gold is likewise working pretty low...
Interest rate expectations: Investors expect the FOMC will start cutting interest rates from September onwards. Geopolitical instability: Ongoing conflicts in Ukraine and the Middle East continue to destabilize markets, causing investors to seek haven assets such as gold. Central banks diversify reserves: Central banks are proactively increasing the amount of gold...
XAU stays near historic peak, domestic gold skyrockets after more than 2 months of "immobility" World gold prices continue to climb and are at a historic peak due to the further weakening of the USD. According to the CME FedWatch tool, the market is betting on a 100% chance that the US Federal Reserve will cut interest rates on September 18. Earlier this week,...
XAU price increased quite strongly to near historical peak after the instability taking place in the world World gold continues to increase and moves towards the historic peak of 2,450 USD/ounce recorded on May 20 after the US announced that total retail sales remained unchanged in June. In May, revised figures showed total retail sales increased 0.3%. In fact,...
Gold is assessed to benefit in the context of increased risks after the incident of former US President Donald Trump being suspected of shooting during an election campaign in Butler, Pennsylvania on July 13. If Mr. Trump wins the election next November, the USD may weaken, thereby also pushing up gold prices. Macroeconomic data that is no longer bright is the...
Leading professionals are having effective tests approximately the chance of gold charge will increase this week. Specifically, as much as 12/thirteen Wall Street professionals expect that gold charges will boom subsequent week and most effective 1 analyst predicts that charges will decrease. While no professional predicts gold will flow sideways subsequent...
XAU rose to a 7-week high and ended its third consecutive week of gains following dovish comments from US Federal Reserve Chairman Jerome Powell, along with news that inflation is decreasing as expected. wait. The US consumer price index (CPI) report released last week showed that core inflation (excluding volatile food and energy prices) increased by 3% over the...
The market is expecting the first interest rate cut to take place in September. In general, the market believes that Powell's statements do not contain any new hawkish information. Maybe Mr. Powell will not offer any surprises in his comments. Meanwhile, US Treasury Secretary Janet Yellen on Tuesday (July 9) echoed Mr. Powell's comments by saying that the US...
World gold prices today (July 11) continued to increase after the US Federal Reserve Chairman Jerome Powell's report on the health of the US economy. In reporting the nation's economic health to the House panel, Fed Chairman Jerome Powell said the US job market had "cooled significantly". This further increases speculation that the Fed will cut interest rates...
After a pointy decline, gold expenses nowadays extended again, fluctuating round 2,369 USD/oz. whilst the Fed Chairman did now no longer touch upon decreasing hobby charges and worldwide funding price range extended their gold holdings. Fed Chairman Jerome Powell advised a Senate committee that the economic system stays strong. However, he did now no longer make...
After a sharp decline, gold prices today increased again, fluctuating around 2,369 USD/oz when the Fed Chairman did not comment on reducing interest rates and global investment funds increased their gold holdings. Fed Chairman Jerome Powell told a Senate committee that the economy remains strong. However, he did not make any comments on interest rate cuts,...
Although fees have dropped sharply, investors` techniques endorse that gold will upward push better withinside the close to destiny primarily based totally on marketplace predictions approximately hobby price cuts via way of means of americaA Federal Reserve (Fed). The CME Fedwatch device indicates hobby costs will fall in September and will fall in addition in...
Although prices have dropped sharply, traders' strategies suggest that gold will rise higher in the near future based on market predictions about interest rate cuts by the US Federal Reserve (Fed). The CME Fedwatch tool shows interest rates will fall in September and could fall further in November and December, which would benefit gold. According to a report...
Gold is fluctuating round 2,325 USD/ounce. World gold costs moved sideways as buyers waited for US inflation facts, anticipated to be launched later this week with the point of interest at the US middle PCE index. This makes buyers growth their expectancies that the Fed will quickly lessen hobby costs withinside the following couple of months, assisting gold - a...