Gold prices rose in Asian trading on Thursday, edging closer to record highs as the U.S. dollar’s rebound cooled ahead of key inflation data. The yellow metal also benefited from safe haven demand, which was bolstered by disappointing earnings from NVIDIA Corporation (NASDAQ:NVDA) that shook global equity markets. Gold Holds …
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Gold prices fell on Wednesday, pressured by a stronger U.S. dollar and growing uncertainty ahead of a crucial U.S. inflation report that could influence the Federal Reserve’s decisions at its September policy meeting. Gold Slips But Holds Key Level Spot gold dropped 0.6% to $2,510.39 an ounce by 0953 GMT, …
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USDJPY has broken its traditional inverse correlation with US Treasury yields, driven by a decline in the US dollar following the Federal Reserve’s meeting and Chairman Jerome Powell’s remarks at the Jackson Hole symposium. Powell’s comments hinted at a potential interest rate cut in September, a prospect further reinforced by …
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Gold prices continued to climb on Tuesday, buoyed by a weakening US dollar. The greenback has been under pressure amid expectations of a future path for Federal Reserve interest rates and the release of positive economic data that has boosted risk appetite in global financial markets. The US dollar has …
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The most important US employment data of the month is expected to be released on Friday amid expectations of a significant decline in job growth in the United States, with a stable unemployment rate and a decline in wage growth. On the first Friday of each month, US employment data …
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Oil, Crude, trading
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japanese-yen
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Oil, Crude, trading
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US crude oil futures surged yesterday, reaching a high of $78.70 per barrel. Technically, the 4-hour chart indicates that oil has moved above the 50-day simple moving average, supporting a positive outlook. Additionally, the price is holding above the 78.00 support level. Given this stability, the upward trend appears likely …
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Gold prices saw notable gains in the previous trading session. Previously, we maintained a neutral stance due to conflicting technical signals, noting that a break above 2394 could trigger an upward trend towards targets of 2410 and 2420, with potential further gains extending to 2437. The price has now reached …
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