Xayah_trading

Xayah_trading

On Wednesday (July 9) in the Asian market, the spot OANDA:XAUUSD suddenly fell sharply in the short term, and the gold price just fell below 3,290 USD / ounce. Although US President Trump announced that the first tariff letters had been sent to some US trading partners, the gold price fell below 3,290 USD / ounce due to the weakening demand for safe-haven...

Xayah_trading Updated 

Spot CAPITALCOM:GOLD has rebounded strongly from yesterday's lows, currently trading around $3,333/oz. The main reason is that US President Trump announced a 25% tariff on Japan and South Korea starting August 1, which boosted safe-haven demand. However, the strengthening US Dollar has also limited the broader recovery in gold prices. On Monday local time, US...

Xayah_trading Updated 

Investors will be keeping an eye on tariff news from Washington this week as the temporary suspension of punitive import duties is set to expire. If trade tensions do not escalate further after Wednesday’s deadline, that could be good for the market, while downside risks are also a negative for OANDA:XAUUSD in particular. News Around US Tariffs To avoid...

Xayah_trading

OANDA:XAUUSD opened the week at $3,246/oz due to low summer liquidity, easing recession fears and easing geopolitical tensions. However, they later recovered to $3,365/oz due to concerns about a possible re-escalation of the trade war, as some countries faced obstacles in negotiations with the US ahead of the July 9 tariff delay deadline. By the end of the week,...

Xayah_trading

Last week, OANDA:XAUUSD fell sharply from an opening price of $3,392/oz to a low of $3,255/oz and closed at $3,274/oz. The reason was that Israel and Iran had officially ceased fire, although negotiations with the US remained difficult. In addition, FED Chairman Jerome Powell reaffirmed that there was no rush to cut interest rates due to high inflation risks. In...

Xayah_trading Updated 

OANDA:XAUUSD recovered then weakened as it failed to break above $3,350, supported by a weaker dollar and market uncertainty sparked by reports that U.S. President Donald Trump could replace Federal Reserve Chairman Jerome Powell in September or October. The reports raised concerns about the future independence of the Federal Reserve, boosting demand for...

Xayah_trading

OANDA:XAUUSD has recovered slightly and is currently trading around $3,332/oz, supported by a decline in the US dollar and US bond yields. The market is closely watching the fragile ceasefire between Israel and Iran. The US Dollar Index TVC:DXY is near a one-week low, making dollar-priced gold more attractive to holders of other currencies. The benchmark...

Xayah_trading

OANDA:XAUUSD hit a two-week low in yesterday's trading session before recovering, currently trading around $3,330/oz, up slightly by about 0.14% on the day. The main reason was the ceasefire between Iran and Israel, which curbed demand for safe-haven gold. In addition, Federal Reserve Chairman Powell made hawkish comments, which also affected the gold price...

Xayah_trading Updated 

This week, after opening at $3,369/oz, OANDA:XAUUSD prices fluctuated within a fairly narrow range, from only $3,340-$3,374/oz, and closed at $3,368/oz. The fact that gold prices closed this week close to the opening price shows that investors are hesitant in the current context. The reason why gold prices are still fluctuating within a narrow range this week...

Xayah_trading Updated 

On Tuesday (June 24) in the Asian market, spot OANDA:XAUUSD continued to decline. The current price of gold is around 3,340 USD/ounce, down sharply by about 30 USD. Gold traders are awaiting congressional testimony from Fed Chairman Jerome Powell as the ceasefire between Iran and Israel takes place. On Monday evening local time, US President Trump announced...

Xayah_trading

OANDA:XAUUSD is under downward pressure, and ended last week's trading session with a decline. With tensions in the Middle East easing slightly and the Federal Reserve giving a hawkish signal, the safe-haven demand in the gold market tends to weaken, and investors' profit-taking intentions increase, these are the main reasons why gold recorded a significant...

Xayah_trading

OANDA:XAUUSD has been volatile and volatile but has remained broadly stable as investors assess the conflict between Israel and Iran while keeping an eye on this week's Federal Reserve policy meeting. Spot gold was steady at $3.38/oz at press time, down from a high of $3,403/oz yesterday (Tuesday). Israel and Iran traded fire for a fifth day on Tuesday as US...

Xayah_trading Updated 

The unrest in the Middle East this week has boosted safe-haven demand for gold, pushing it above $3,400 an ounce. While gold has broken several recent technical resistance levels, it is unlikely that it will hit a new record high next week. The ongoing conflict between Israel and Iran provides safe-haven support, but historically, gold rallies driven by...

Xayah_trading

On Tuesday (June 17) in the Asian market, the spot price of OANDA:XAUUSD suddenly fell sharply in the short term, and the price of gold once fell below 3,380 USD/ounce. As investors watched the hostile situation between Israel and Iran, US President Trump called for an immediate withdrawal of troops from Iran and ordered officials to be ready in the situation...

Xayah_trading Updated 

The Israel-Iran conflict has increased the safe-haven role of gold, while pushing up oil prices, putting further pressure on inflation alongside the tariff pressure from the Trump administration. Although the Israel-Iran conflict may continue to push gold prices higher this week, investors should be cautious and avoid chasing the development of this conflict....

Xayah_trading

OANDA:XAUUSD rose to a one-week high as weak U.S. inflation data reinforced market expectations that the Federal Reserve will cut interest rates this year, while conflict in the Middle East boosted safe-haven demand. OANDA:XAUUSD recently hit a fresh one-week high, extending its rally. Spot gold had risen to $3,435 as of press time, after hitting its highest...

Xayah_trading

OANDA:XAUUSD rebounded strongly in Asian trading on Wednesday (June 11) after a sharp decline in the New York session on Tuesday. The current gold price is around $3,341/ounce, up nearly $20 on the day. Traders are awaiting the release of the latest US Consumer Price Index (CPI) data for May. Estimates suggest that prices are likely to rise as US households...

Xayah_trading

In the early morning trading session on Tuesday (June 10), the spot price of OANDA:XAUUSD suddenly dropped sharply from around 3,328 USD/ounce to around 3,305 USD/ounce. Bloomberg pointed out that the price of gold fell in the early morning trading session in Asia on Tuesday as both sides in the Sino-US trade talks hinted at their willingness to make...