Xayah_trading

Xayah_trading

Last week, although the OANDA:XAUUSD had a sharp decrease in the last 2 sessions of the week, overall, the gold price this week continued to increase for the 3rd consecutive week. After opening at 2,985 USD/oz, the gold price increased to 3,057 USD/oz, but then dropped sharply to 2,999 USD/oz in the last session of the week, then recovered and closed the week at...

Xayah_trading Updated 

OANDA:XAUUSD have now fallen to around $3,048/ounce, down $9 from the historic high reached in early Asian trading today, March 20. On Thursday, the US Federal Open Market Committee (FOMC) announced its interest rate decision and summarized economic expectations; Federal Reserve Chairman Powell held a press conference on monetary policy. The FOMC kept its...

Xayah_trading

OANDA:XAUUSD rose more than 1% on Tuesday to a new record high and are currently trading around $3,035/oz, close to yesterday's peak. Trade uncertainty due to rising tensions in the Middle East and US President Trump's tariff plans have boosted investor demand for safe-haven assets. Israeli airstrikes kill more than 400 in Gaza Early Tuesday morning local...

Xayah_trading Updated 

Last week, the international OANDA:XAUUSD increased sharply, from 2,880 USD/oz to 3,005 USD/oz. Then, profit-taking pressure caused the gold price to drop to 2,978 USD/oz and closed the week at 2,986 USD/oz. The reason for the sharp increase in gold prices in recent days is that US inflation figures (CPI, PPI) have decreased more sharply than expected,...

Xayah_trading Updated 

OANDA:XAUUSD continued to rise in the short term, with gold prices just hitting a new all-time high of $3,014/oz. As investors focused on US economic data, which raised concerns about an economic slowdown, and escalating tensions in the Middle East, the precious metal's appeal as a safe haven was highlighted. Israel Strikes Hamas Targets Across Gaza, Killing...

Xayah_trading

TVC:USOIL prices rose slightly by about 1% in Asian trading on Monday before falling sharply, largely due to the continued US military crackdown on Houthi militias. US Pete Hegseth said on Sunday that the US military will continue to fight the Houthis until they stop attacking international shipping lanes. The US has previously conducted airstrikes in Yemen,...

Xayah_trading

OANDA:XAUUSD have surged to an all-time high, just shy of the key $3,000-an-ounce mark as global trade tensions and expectations of a Federal Reserve rate cut push them closer to a record high. They have risen nearly 14% this year, following a 27% gain in 2024. WASHINGTON (Reuters) - President Donald Trump on Thursday threatened to impose 200% tariffs on wine,...

Xayah_trading Updated 

As tariff uncertainty pushed money into safe havens, cooling US inflation kept market expectations of a Fed rate cut intact and optimism over a ceasefire between Russia and Ukraine cooled, OANDA:XAUUSD surged and broke out of its recent sideways consolidation trading range. OANDA:XAUUSD surged past the $2,942/oz target on safe-haven demand. Weaker US CPI...

Xayah_trading

OANDA:XAUUSD rebounded, driven mainly by safe-haven flows as trade war concerns dampened market risk sentiment and markets focused on US inflation data. TVC:DXY hit a four-month low, making gold more attractive. Meanwhile, the main event of the week is the US CPI report today (March 12), which could cause major market moves. Positive data could lead to a...

Xayah_trading Updated 

OANDA:XAUUSD has stabilized and recovered after falling more than $20 yesterday and is now trading around $2,900. Earlier, investor concerns about a US economic slowdown caused a broad decline in stocks and commodities, dragging down precious metals, especially gold. OANDA:XAUUSD held above $2,880 after falling nearly 1% on Monday. US President Donald Trump...

Xayah_trading

OANDA:XAUUSD has just dropped to around $2,912/ounce, down nearly $10 from the intraday high of $2,918/ounce reached earlier in the session. The recovery of the US Dollar can be seen as the current pressure causing gold prices to slightly decline from the intraday high. Overview of data and event news The Labor Department report showed the U.S. economy...

Xayah_trading

OANDA:XAUUSD have recovered strongly this week, rising from $2,858/oz to $2,930/oz before adjusting to $2,910/oz. The main reason is political tension when US President Donald Trump stopped military aid to Ukraine and threatened to sanction Russia if it did not negotiate a ceasefire. This increased instability, supporting gold prices. However, if Russia and...

Xayah_trading

In the Asian trading session on Friday (March 7), the spot OANDA:XAUUSD maintained a very slight decline during the day and the current gold price is around 2,911 USD/ounce. On this trading day, investors will pay attention to the US non-farm payrolls report, which is expected to impact the main trends in the gold market. The US non-farm payrolls are expected...

Xayah_trading

OANDA:XAUUSD Spot trading fluctuated strongly due to the impact of US jobs data and news of Trump's tariffs. ADP's national jobs report, also known as the "small nonfarm" report, showed that private-sector job growth in the United States slowed in February, with just 77,000 jobs created, well below the expected 140,000 jobs. "Policy uncertainty and slowing...

Xayah_trading

Influenced by US President Trump's imposition of new tariffs on imports from Canada and Mexico and the doubling of tariffs on Chinese goods, the situation has raised fears of a global trade war. OANDA:XAUUSD found support after fresh tariff concerns and rebounded to target $2,900 and above it the momentum is waning. Trump's tariff policy continues to boost...

Xayah_trading Updated 

OANDA:XAUUSD Spot delivery remains high after yesterday's strong increase and the current gold price is at about 2,887 USD ounce, equivalent to a decrease of 0.20% on the day, limited by the lower edge of the technical price channel and the EMA21. Geopolitical tensions and impending tariffs have boosted gold prices. Gold prices continue to rise again, but no...

Xayah_trading Updated 

OANDA:XAUUSD Continuing to endure a fierce sell-off fueled by market profit-taking and a stronger US dollar, the US Dollar Index rose to a 10-day high on Friday of 107.66 amid concerns about US trade policy and data that raised fears of a recession. US President Trump confirmed 25% tariffs will be imposed on Mexican and Canadian products next week, March 4....

Xayah_trading

OANDA:XAUUSD this week were under pressure to take profits. After opening this week at 2,934 USD/oz, gold prices rose to 2,956 USD/oz, but then continuously dropped to 2,832 USD/oz and closed the week at 2,858 USD/oz. Thus, gold prices this week dropped sharply after 8 consecutive weeks of increases. The reason why gold prices dropped sharply this week is...