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Interviewed by Dubai TV, Mohammed Hashad, the Head of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, commented on a number of current market developments, most notably the following:(I) US Dollar’s Performance Interest rates have already been left unchanged by the US …
Read More »Gold rises, defying the strength of USD and the rise in US Treasury yields
Gold prices rose on Friday despite pressure from the strength of the dollar and the rise in US Treasury yields, as investors were evaluating the decisions of major central banks to adhere to high interest rates. Gold rose in spot transactions 0.2 percent to $1,923.29 per ounce by 0350 GMT, …
Read More »Hawkish Fed, soaring T-yields weigh on gold
Spot gold drops 0.56% to $1919.74 as the Fed’s decision to maintain and revise rates upward pressures gold prices.US real yields hit a YTD high at 2.115%, which continues to be a significant headwind for Gold.Mixed US economic data and hawkish stances from other central banks globally add to the …
Read More »Gold surges on neutral Fed bets, hawkish stance
Gold price delivers a range breakout ahead of the Fed’s monetary policy decision. The yellow metal is trading at $1944.34 per ounce at the time of writing, up by %0.67. The US Dollar remains subdued as the Fed is expected to keep the interest rates unchanged.A steady policy announcement is …
Read More »Gold price seeking key move despite US CPI
The price of gold is seen under pressure as investors turn their attention to digest the most recent US inflation data due to worries that increase the chance of a last interest rate hike by the US central bank in the remaining months of 2023 could result from upside risks …
Read More »Financial Markets’ Weekly Recap, July 24-28
More central bank decisions are in the pipeline for the new trading week, with live meetings at the Reserve Bank of Australia and the Bank of England. US data will continue in the spotlight with key employment data, including Nonfarm Payrolls. Canada and New Zealand will also release job market …
Read More »Noor Capital | Mohammed Hashad Interview on Dubai TV – 14 July 2023
Mohamed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on global financial market developments, particularly expectations related to a US interest rate hike and whether the Federal Reserve has reached or about to reach the end of its monetary …
Read More »Market Drivers – US Session – 04/07/2023
On a quiet day marking US holiday, the US dollar posted mixed results. Commodity-linked currencies were the top performers. Markets await new information, and volatility is set to pick up on Wednesday with the release of the FOMC minutes. Then, the focus will turn to US labor market data with …
Read More »Gold slightly rises on anticipated Fed’s interest rate hike
Gold prices rose on Tuesday amid weak trading due to the US Independence Day holiday, but the rise in the dollar limited gains at a time when traders await more economic data later in the week in search of indications about the Federal Reserve’s intentions regarding raising interest rates in …
Read More »Gold climbs to one-week highs after US data
Gold gains momentum after Monday’s US ISM Manufacturing. The Gold Index extends rebounds from monthly lows, tests $1,930 per ounce.US Dollar erases some of its earlier gains, US yields pullback from weekly highs. Following the release of weaker-than-expected US economic data, gold price jumped to $1,931, reaching the highest level …
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