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The Euro continues to rise slightly today. Last week, the European Statistics Agency (Eurostat) said that inflation in the 20 countries of the Eurozone fell to 5.3% in July 2023, down nearly 1 percentage point from May. Speaking to Reuters news agency, economist Sebastian Dullien from the Institute for Macroeconomic Policy (IMK) based in Düsseldorf said that the...

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World gold price continued to decline with spot gold down 11.2 USD to 1,913.2 USD/ounce. Gold futures in December last traded at $1,950.6 per ounce, down $9.3 from dawn the day before. 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 showed that...

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According to CoinDesk, the bitcoin price recorded on August 11 reached 29,459.41 USD/BTC, down about 0.41% compared to 24 hours ago. The capitalization of bitcoin today dropped to $573 billion, representing 48.8% of the cryptocurrency market. The total market capitalization recorded at 7:50 am is 1.174 billion USD, down 4 billion USD compared to 24 hours ago. At...

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Looking at the evolution of the euro exchange rate in the global market, the EUR/USD index is currently at 1.0969, down 0.0004 points (0.0365%) compared to the previous trade. Over the past year, other European Union governments have imposed similar taxes on banks. European governments are under tremendous pressure to help those struggling with rising housing...

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Global gold prices continued to fall, with spot gold dropping $11.2 to $1,913.2 an ounce. December gold futures traded at $1,950.6 an ounce, down $9.3 from the early hours of the previous day. Gold fell to a four-week low in early-morning trading after other economic reports from China showed weak consumer and commodity demand. Specifically, China's consumer...

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Gold prices fell to a nearly 1-month low on Tuesday, August 8, as investors turned to the safe-haven dollar following weak China trade data. Cautiousness prevails ahead of the release of US inflation data later this week. Closing the session on Tuesday, the spot gold contract fell 0.6 percent to $1,925.79 an ounce, after touching its lowest level since July 10,...

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Bitcoin has recently held above $29,000, signaling potential positivity, but hasn't reached $30,000 yet. It's been trading between roughly $28,900 and $29,280, reflecting uncertainty. Notably, significant Bitcoin holders are selling less, possibly indicating their confidence in its future value increase. The recent increase in the value of Bitcoin may be...

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World gold prices fell with spot gold down 8.4 USD to 1,936.2 USD/ounce. December gold futures last traded at $1,970 per ounce, down $6.1 from dawn the day before. World gold prices in the first session of the week hit a 4-week low after US Federal Reserve Governor Michelle Bowman said that further interest rate hikes are needed to bring inflation down to the 2%...

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Theo Kitco, the world gold price was recorded at 1,942.655 USD/ounce at 5:00 AM today in Vietnam time for immediate delivery. From the perspective of Reuters, the gold market is facing significant challenges in maintaining a crucial resistance level. This is happening in the context of the US labor market experiencing notable weakness in July, despite lingering...

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Yesterday was a big day for many people. XAUUSD has sideways in a wide range . News on PMI and Unemployment Claims did not affect its direction much. Trading in the 1930 - 1940 price range is very safe. However . Today there will be three important news that strongly influence the upcoming trend of Gold . These are Average Hourly Earnings m/m , Non-Farm...

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Over the past 48 hours, gold prices have weakened almost -1.7 percent. This follows a rise in longer-term US Treasury yields, especially looking at the 10- and 30-year bonds. XAU/USD often trades as the anti-fiat instrument, inversely tracking a combination of the US Dollar and Treasury yields. Now, retail traders are seemingly back to increasing their net-long...

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Before the tsunami, the sea surface was calm. It was the same before Nonfarm today. The market is very quiet. In the first 2 days of August, the Gold market had strong declines because of the good news for the USD. Currently Gold is moving slowly in the zone of 1929 - 1939 . Today's Nonfarm news will determine the next direction of Gold. Let's wait for Nonfarm...

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In its most recent meeting, the Fed embraced a data-dependent approach when making future decisions and evaluating the broader normalization outlook. This flexible guidance has diminished the probability of further policy firming in 2023, but changes in the macroeconomic landscape could prompt a reassessment of the current tightening roadmap. For example, if job...

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Gold prices rose back above the psychologically important level of $1,950 per ounce in the last trading session of the week as US inflation eased in line with expectations. Specifically, the US Department of Commerce reported that the core personal consumption expenditure (PCE) index increased by 0.2% in June. This figure was lower than the 0.3% growth recorded...

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Gold prices on the world market continued their downward trend this morning, with spot gold dropping $15.5 to $1,934.8 per ounce. December futures for gold last traded at $1,971.1 per ounce, down $7.7 from the previous morning. Precious metals are under pressure as the ADP report indicates a strong increase in private sector employment in July. Specifically,...

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According to CoinDesk, as of 7:39 AM on August 3rd, the price of Bitcoin stood at $29,202, marking a 1.81% decrease over the past 24 hours. The market capitalization of Bitcoin has declined to $567 billion today. The 24-hour trading volume in the market decreased by nearly 3.57% to reach $18.3 billion. The decline in Bitcoin's price has led the entire market to...

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Gold price (XAU/USD) discovers support around $1,950.00 as the robust performance of the United States in the April-June quarter was offset by soft consumer spending data. The precious metal is under pressure as the US Dollar capitalizes on upbeat Gross Domestic Product (GDP) numbers and a robust Durable Goods Orders report. United States factory activities have...

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The U.S. Bureau of Labor Statistics will release its July nonfarm payrolls (NFP) report Friday morning. According to Wall Street surveys, U.S. employers hired 200,000 workers last month after adding 209,000 jobs in June. With this result, the jobless rate is seen holding steady at 3.6%, indicating that the labor market remains extremely tight. Economists have...