WaggLim

WaggLim

OANDA:XAUUSD continues to benefit as the Israel-Hamas conflict becomes increasingly tense. Gold continues to benefit as the Israel-Hamas conflict becomes increasingly tense. Gold prices rose this morning despite US Federal Reserve Chairman Jerome Powell reiterating his stance that interest rates will have to be higher for a longer period of time. The head of...

WaggLim Updated 

Increasingly tense developments in the Middle East have triggered shelter-in-place buying in the OANDA:XAUUSD market. World gold price stood at 1,947 USD/ounce, up 7 USD/ounce compared to the same hour yesterday morning. There was a time when the gold price reached 1,961 USD/ounce, the highest level in nearly 3 months. Increasingly tense developments in the...

WaggLim Updated 

📖Precious metal prices increased slightly because the conflict in the Middle East between Israel and Hamas is hot and could spread. The conflict has drawn investors into gold to protect their assets. Although gold fell in the first trading session of the week, the precious metal still held above the important floor level of 1,900 USD/ounce. Gold is still...

WaggLim Updated 

📖 FX:EURUSD FORECAST - PRICES, CHARTS, AND ANALYSIS ➡️ Middle East tensions rise, President Biden visits Israel, Fed speakers on tap. ➡️ EURUSD is starting to look trapped in a range. The final Euro Area y/y core inflation reading (September) printed met initial expectations of 4.5%, down from 5.3% in August, while headline inflation fell to 4.3% against a...