SantaTradeGold

SantaTradeGold Updated 

(XAU/USD) fell ahead of the European open on Friday following the release of a better-than-expected US non-farm payrolls (NFP) report. This development reduces investor expectations that the Federal Reserve may cut interest rates soon. US nonfarm payrolls increased month over month, exceeding market expectations. Furthermore, wage inflation accelerated to 0.2%...

SantaTradeGold Updated 

The Fed meeting gave all investors the early Christmas gift they've been waiting for. The Fed is expected to cut interest rates, and the dollar will weaken next year, pushing yields lower. This is truly the golden age of precious metals. Going into 2024, the general environment for physical gold remains favorable and the commodity is expected to make good...

SantaTradeGold Updated 

After exiting the all-time high, the price of gold has continued to decline and is now closer and closer to the psychologically important mark of $2,000. Gold may be under selling pressure in the near future. In the short term, gold is under pressure as the US dollar recovers slightly and oil prices fall, but technical analysis suggests that gold prices are...

SantaTradeGold Updated 

After a high rise at the end of last week, gold is showing signs of falling sharply at the beginning of this week Experts say gold will fall sharply this week The FED has moved to increase interest rates for the USD

SantaTradeGold Updated 

XAU fell sharply after a sharp spike during the week could remain above the 2,000 level in the near term, supported by safe-haven demand due to geopolitical instability concerns, a weaker USD and the possibility of interest rate cuts. In addition, gold is being strongly supported by seasonal factors. According to statistics over the past 6 years, gold has always...

SantaTradeGold Updated 

Gold has increased sharply recently because the FED ended its interest rate hike cycle Specifically increased from 2000 to 2052 Experts predict that gold will continue to increase strongly in the near future because at the end of the year there will be many important news as well as many events during this time.

SantaTradeGold Updated 

The US has ended its interest rate hike cycle XAU will continue to increase in the near future but will encounter resistance at 2052 USD weakens on expectations of the US Federal Reserve (Fed) Combined with the recent decline in US Treasury yields, hopes of a Fed pivot and the decline in the value of the USD, gold is in a favorable position and has the potential...