Gold prices experienced a strong rebound on Monday, rising around 1% following last week’s losses, as the U.S. dollar rally showed signs of slowing. The precious metal gained ground amid anticipation of comments from Federal Reserve officials, which are expected to provide clues on future interest rate decisions. As of …
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Gold prices remained relatively unchanged on Friday, showing resilience despite the release of Retail Sales data in the United States. The precious metal, which had dipped to a two-month low the previous day, found support near its 100-day Simple Moving Average (SMA).While US Retail Sales data indicated continued consumer spending, …
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Gold prices have experienced a significant decline, plummeting over 2.5% on Monday as the US Dollar surged to a four-month high. This downward trend is primarily driven by growing concerns over potential trade tensions under a second Trump presidency. The US Dollar Index (DXY) has climbed to 105.57, boosted by …
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Gold price is under considerable downward pressure due to the strong rise in the US dollar since the announcement of Donald Trump, the former US President and Republican candidate, winning the 2024 US presidential election. Financial markets continue to celebrate the victory of former US President and Republican candidate Donald …
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Tuesday saw a little increase in gold prices as investors prepared for political tensions following surveys that indicated Donald Trump and Kamala Harris were tied for the U.S. presidential election, which is likely to be a contentious outcome. The price of spot gold rose 0.2% to $2,740.96 per ounce. At …
Read More »Commenting on key financial assets, in an interview with Dubai TV, Mohamed Hashad, Chief Strategist at Noor Capital and the member of the American Association of Technical Analysts, highlighted that markets are closely watching the upcoming US presidential election.Financial Assets Most Likely Affected by a Potential Trump Victory Regarding the …
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Gold prices, XAU/USD, experienced a sharp decline on Thursday, plummeting 1.5% after reaching a record high of $2,790. This sudden downturn can be attributed to several interconnected factors.Firstly, the surge in US Treasury bond yields has dampened gold’s appeal. Stronger-than-expected US employment data has fueled expectations of further interest rate …
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Shifting Focus: The US Labor Market Takes Center StageThe US dollar maintained a relatively stable position on Tuesday, as market participants digested a slowdown in the rally of US Treasury yields. This cautious stance was further influenced by the impending US election and the anticipation of key economic data releases.Key …
Read More »In an interview conducted by Dubai TV, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analyzed the performance of key assets in the financial markets. What is Driving Oil Prices Amid Geopolitical Tensions? Oil prices …
Read More »In an interview conducted by Alarabiya Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of the U.S. labour market, inflation, and the potential future moves of the Federal Reserve. Are Markets Focusing …
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