Tag Archives: Gold

Negative trading dominated gold’s movements as anticipated in the previous report, reaching the first target of 2735 and recording its lowest level at $2730 per ounce. Today’s technical outlook suggests the possibility of continuing the downward trend. However, upon closer examination, there appears to be a conflict between technical indicators. …

Gold prices climbed to two-month highs, surpassing $2,740 per ounce troy, driven by heightened uncertainty surrounding potential policy announcements. 1 Silver prices also gained momentum, trading closer to the $31.00 mark per ounce. WTI crude oil prices extended their decline, approaching the $75.00 per barrel mark, driven by the stronger …

Wildfires Ignite Inflation Fears as Economic Headwinds IntensifyThe recent wildfires in Los Angeles have ignited concerns beyond the immediate human and environmental toll. Economists warn that these infernos will not only scorch the land but also fan the flames of inflation, further complicating the Federal Reserve’s fight to bring prices …

Last week was eventful, marked by a series of significant developments. These included policy directions anticipated from President-elect Donald Trump’s administration, future paths for central banks, particularly the Federal Reserve, and the impact of key US economic releases. The Eurozone has seen significant developments, particularly CPI front. Several European leaders …

As markets prepare for another US NFP jobs report that is expected at the end of the week, the US dollar depreciated on Monday, allowing other currencies to regain some much-needed ground. With a gentle decline, the US Dollar Index (DXY) dropped again below the 109.00 barrier and lost almost …

Gold prices surged during the previous trading session, successfully breaching the strong resistance level highlighted in the previous report. This breach temporarily halted the downward trend and triggered a rise, with the metal reaching a high of $2665 per ounce, surpassing the initial targets of 2645 and 2657. Technical Outlook:A …

On the first day of trading in 2025, the US dollar surged to the top of the forex pile as wider markets continue to place a strong bet on the safe haven currency. In a world of unstable economic conditions, traders may not be the largest supporters of the US …

Gold prices are attempting a modest upward correction during the early trading sessions of this week, reaching a high of $2636 per ounce in today’s initial trades. Technical Analysis:A closer examination of the 4-hour chart reveals that the Stochastic indicator has entered overbought territory, coinciding with the price’s continued movement …

Gold prices maintained their downward trend, albeit with weakened momentum, reaching a low of $2611 per ounce by the end of last week’s trading session. Technical Analysis: A closer examination of the 4-hour chart reveals the Stochastic indicator losing upward momentum, while prices remain stable below the 50-day simple moving …

The US stock market experienced a decline in the holiday-shortened week, with the S&P 500 and Nasdaq Composite declining by 1.1% and 1.5% respectively largely due to the performance of the communication services and information technology sectors. However, US Treasury yields have continued to rise, surpassing the 4.6% mark, largely …