Tag Archives: Gold

Dollar Strengthens Ahead of Key Data The US Dollar extended its rally on Wednesday, reaching a six-month high as investors remained optimistic about the “Trump trade.” The upcoming release of crucial US economic data, particularly the Inflation Rate, is set to be a major market mover. Key Developments:US Dollar Index …

Gold experienced strong selling pressure, maintaining its downward trend and surpassing the target station of 2647, with prices dropping to a low of $2610 per ounce. Technical Analysis: Bearish Outlook: Today’s analysis indicates a continued bearish sentiment, as gold remains below the simple moving averages, which reinforce the likelihood of …

Gold prices remain under continuous bearish pressure, registering a new session low at 2666 per ounce in morning trading. Technical Analysis: Bearish Trend Confirmation: The break below the 2674 level, corresponding to the 61.80% Fibonacci retracement, reinforces the downside momentum. Additionally, the price struggles to overcome the 2700 psychological resistance, …

Last week marked pivotal to financial markets because of the US presidential election results and the Federal Reserve’s interest rate decision. This confluence of events has the potential to significantly shape the trajectory of global asset prices and market trends for years to come. Given the far-reaching political and economic …

Gold prices slipped slightly in Asian trade on Thursday, extending the losses from the previous session, triggered by a sharp rally in the dollar and risk assets following Donald Trump’s victory in the 2024 U.S. presidential election. Despite this recent decline, gold has managed to hold on to significant gains …

The US Dollar Index (DXY) rose to four-month tops north of the 105.00 hurdle on the back of Trump’s win and higher US yields. The Fed’s interest rate decision will be at the centre of the debate, seconded by weekly Initial Jobless Claims and Wholesale Inventories.The US dollar has touched …

Gold prices edged lower in Asian trading on Wednesday, influenced by a surge in the U.S. dollar and Treasury yields amid early 2024 U.S. election results favoring Donald Trump. However, with the election results still too close to call, gold held near its recent highs. Precious Metals Spot Gold: Dropped …

Preparing for Market Volatility Ahead of the US Election As the US election approaches, investors are bracing for potential market moves and fluctuations. Preparing for these shifts involves several strategic steps to mitigate risk and capitalize on opportunities.One of the most important strategies is portfolio diversification. By spreading investments across …

Gold prices have continued their historic climb, reaching $2790 per ounce after surpassing the previous peak of $2758. Technical Analysis: The 4-hour chart shows that simple moving averages continue to support the upward momentum, while the momentum indicator remains strong above the 50 midline, indicating a sustained bullish outlook. For …

Gold, the timeless haven asset, has recently surged to unprecedented heights, reaching a record high of $2,790. This meteoric rise is a testament to its enduring appeal as a safe-haven asset during times of economic uncertainty and geopolitical turmoil.   Gold’s recent surge is a testament to its enduring appeal …