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In early trading on Asian markets on Thursday (November 21), OANDA:XAUUSD Spot delivery suddenly increased rapidly in the short term and gold prices are currently approaching the 2,660 USD/ounce mark, threatening the trend from the price channel. Growing concerns about the Russia-Ukraine conflict, along with growing uncertainty in global markets, have...

Xayah_trading Updated 

On Wednesday (November 20) on the Asian market, spot gold continued to increase in the short term. Gold price has just retested the mark of 2,640 USD/ounce, increasing sharply to reach nearly 10 USD during the day. Growing concerns about the Russia-Ukraine crisis have caused gold prices to rise further. It is worth noting that geopolitical tensions flared up...

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OANDA:XAUUSD rallied sharply towards a second day of gains after six consecutive days of decline as the dollar's price momentum slowed and growing uncertainty over conflicts in Russia and Ukraine sparked safe-haven demand. As of the time of writing, spot gold has increased continuously the previous trading day to 2,622 USD/ounce, escaping the lowest level in 2...

Xayah_trading Updated 

OANDA:XAUUSD This week suffered an extremely brutal sell-off, falling more than 4%, the largest decline since September 2023. Trump is the biggest overall reason for OANDA:XAUUSD plummet Gold had a pretty good month in October, rising along with the US Dollar which was supported by expectations of a possible victory for Donald Trump. Gold prices had...

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According to CFTC data, the net long position of crude oil speculators decreased by 21,944 lots to 71,587 lots, reflecting that market expectations of rising crude oil prices have cooled. TVC:USOIL fell during the Asian session on Monday (November 18), trading around $66.90/barrel, a drop equivalent to 2.43% on the day. Basically, although the geopolitical...

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This week, international gold prices fell sharply, from 2,686 USD/oz to 2,536 USD/oz and closed the week at 2,563 USD/oz. Thus, from the peak of 2,790 USD/oz, up to now the international gold price has decreased by more than 250 USD per ounce, equivalent to about 9%. The reason why international gold prices have dropped sharply in recent days is because the...

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When the US Dollar index TVC:DXY rose to its highest level this year, which has reduced the investment appeal of OANDA:XAUUSD fell again and gold prices plummeted to a 2-month low. Federal Reserve Chairman Jerome Powell recently suggested that there may not be any interest rate cuts in December. According to data released by the US Bureau of Labor Statistics...

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OANDA:XAUUSD became a "victim" of Trump and the price plummeted to 2,564 USD/oz. CNN and NBC confirmed that Donald Trump has won three consecutive victories and the Republican Party maintains a slim majority in the US House of Representatives. The US Consumer Price Index (CPI) for October was in line with expectations and the Fed's December interest rate cut was...

Xayah_trading Updated 

As the US Dollar strengthens ahead of the release of economic data and comments from Federal Reserve officials, these comments could provide insight into the direction of interest rates under the Trump administration. On Tuesday (November 12), OANDA:XAUUSD dropped to the lowest level in nearly 2 months. By the time this article was completed, gold was trading...

Xayah_trading Updated 

On the Asian market today Tuesday (November 12), spot gold has basically stabilized after yesterday's decline and the gold price is currently at about 2,619 USD/ounce as of the time this article was published. complete. OANDA:XAUUSD Spot delivery has had a large decline as demand for US Dollars continues to increase. Trump's victory in the 2024 election and...

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TVC:USOIL continued to decline during the Asian trading session on Monday (November 11), trading around 70.03 USD/barrel. As the storm's impact on the supply side waned, sentiment in favor of rising oil prices faded. At the same time, the US Dollar index is strong and rising, putting pressure on WTI crude oil and global demand is expected to show no signs of...

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Under pressure from the strengthening of the US Dollar TVC:DXY and as markets digest the potential impact of Donald Trump's victory on US interest rate expectations, OANDA:XAUUSD fell again on Friday (November 8) after recovering. Biggest weekly drop in months. The Federal Reserve cut interest rates by 25 basis points on Thursday but said it would adopt a...

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Last week, after opening at 2,738 USD/oz, gold prices increased slightly to 2,749 USD/oz, but then dropped sharply to 2,643 USD/oz after Donald Trump announced his re-election as President. America. In the next trading session, gold price recovered to 2,710 USD/oz when the FED announced to continue cutting interest rates by 0.25%. However, the recovery momentum of...

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OANDA:XAUUSD Spot trading rose nearly 2% yesterday when the Federal Reserve cut interest rates by 25 basis points as market predicted, causing the US Dollar to plunge and giving gold a boost. The Federal Reserve cut its benchmark interest rate by 25 basis points on Thursday, while policymakers noted a "broad deterioration" in the job market. Officials voted...

Xayah_trading Updated 

OANDA:XAUUSD Spot delivery is basically stable after yesterday's plunge. The current gold price is about 2,660 USD/ounce. Previously on Wednesday (November 6), after Trump was elected President of the United States, investors rushed to buy US Dollar, OANDA:XAUUSD plummeted to its lowest level in 3 weeks. As sent to readers in many articles about the election...

Xayah_trading Updated 

OANDA:XAUUSD volatile without a clear trend, as uncertainty over the US election has fueled market expectations of a controversial outcome and possible political tensions, while investors also Close attention should be paid to the Federal Reserve this weekend during their monetary policy meeting. The US presidential election takes place on Tuesday, with polls...

Xayah_trading Updated 

OANDA:XAUUSD Still waiting for more information from the US Presidential election for a medium-term trend, investors need to prepare for political tensions after polls showed Donald Trump and Kamala Harris are both tied. each other on scores. The presidential election still has a very high possibility of a controversial result, and remember that in the 2020s when...

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Market expectations for the November 7 meeting The Bank of England's (BoE) Monetary Policy Committee (MPC) will meet this Thursday, with 90% of market participants expecting interest rates to be cut by 25 basis points from 5% to 4, 75%. This follows the central bank's first interest rate cut of 2024, which took place at the meeting ending on July 31, 2024. At...