Tag Archives: analysis

Gold prices continued to reach record highs for the fourth consecutive session, hitting a new peak during the previous trading session at $2,671.00 per ounce. From a technical analysis perspective today, and looking at the 4-hour chart, gold displayed some bearish bias, retesting the previously breached resistance near $2,650. The …

Positive trading dominated the movements of the euro against the US dollar, reaching its highest level during yesterday’s trading session around 1.1214. Technical Analysis: Today, we observe that the pair failed to maintain stability above the psychological resistance level of 1.1200, resulting in some negative movements. A closer look at …

Gold prices surged to record highs in Asian trading on Tuesday, building on recent gains driven by optimism over U.S. interest rate cuts, while copper prices rallied sharply following a wave of stimulus measures announced by the Chinese government. These developments are setting the stage for a dynamic week in …

Gold prices surged to a new record high in Asian trading, fueled by optimism surrounding recent U.S. interest rate cuts. Investors also exhibited caution ahead of a series of economic events this week, which further supported the yellow metal’s rise. Spot gold climbed 0.3% to reach a historic high of …

Gold prices edged higher in Asian trading on Friday, supported by a weaker dollar following the Federal Reserve’s aggressive interest rate cut. The move has bolstered optimism for more rate reductions, driving demand for the precious metal as a hedge against currency weakness and economic uncertainty. Gold Reacts to Fed’s …

Gold prices edged lower in Asian trade on Tuesday, but remained near record highs as expectations grew for a substantial interest rate cut by the U.S. Federal Reserve later this week. The metal’s strong performance has been fueled by a weakening U.S. dollar and falling Treasury yields, driven by speculation …

Gold prices surged to a record high in Asian trading on Monday, driven by heightened speculation that the Federal Reserve may cut interest rates more aggressively later this week. Adding to the bullish sentiment for safe-haven assets were reports of a second assassination attempt on Republican presidential nominee Donald Trump, …

US dollar has ceased its upward trajectory since the release of US economic data indicating a slowdown in consumer prices. This data has reinforced expectations that the Federal Reserve is likely begin cutting interest rates at its September meeting. This data has fuelled speculation that the Federal Reserve is likely …

Gold prices surged to an all-time high during Asian trading on Friday, driven by persistent speculation that the Federal Reserve will cut interest rates in the coming week. Increased demand for the safe-haven asset amid uncertainties surrounding the U.S. presidential election further boosted the yellow metal’s appeal. Gold continued its …

Gold prices edged higher in Asian trade on Thursday, hovering near record highs as traders speculated that the yellow metal will continue to benefit from a lower interest rate environment. However, expectations of a significant interest rate cut by the Federal Reserve were dampened by a higher-than-expected core consumer price …