After an intense week across most financial markets, volatility is unlikely to ease soon. Market participants will continue to digest the latest round of US inflation data, particularly the CPI and PPI data, with a special focus on the upcoming FOMC meetings. The Fed enters its blackout period ahead of …
Read More »Gold is heading for its best weekly gain since April, with the dollar falling
Gold prices were on course on Friday for their biggest weekly gain since April, after rising near a one-month high as market expectations of a US interest rate hike waned, sending the dollar down to its lowest in more than a year. And by 0504 GMT, gold in spot transactions …
Read More »Gold is slowly creeping up 14/7/2023
Quiet, positive trading dominated gold price movements in a bullish context during the previous trading session, recording its highest level at $1963 per ounce. Today’s technical vision indicates the possibility of continuing the rise, depending on the positive impulse from the simple moving averages that support the daily bullish price …
Read More »Gold maintains choppy performance despite dollar’s losses
Gold maintains choppy performance despite US dollar’s losses Given that the market’s expectations for future US interest rate increases have been greatly reduced, the recent decline in gold prices is likely to have come to an end. Even so, we anticipate some additional upside potential for the year’s conclusion. Because …
Read More »Gold is at its highest level in 4 weeks
Gold prices rose on Thursday to their highest level in nearly a month, supported by the decline in the dollar after US inflation data, which raised hopes that the Federal Reserve would soon stop tightening its monetary policy. Spot gold rose 0.2 percent to $1,959.94 an ounce by 0918 GMT, …
Read More »Gold takes advantage of dollar’s weakness. Is $2000 the focus of attention? 13/7/2023
Gold prices recorded significant gains, taking advantage of the weakness of the US dollar, explaining that we are monitoring the price behavior until the breach of the main resistance level of 1945 is confirmed, explaining that this enhances the chances of touching 1961, so that gold prices succeed in recording …
Read More »Gold is waiting for a stronger trend 12/7/2023
Gold prices witnessed an upward trend during the previous trading session as part of the continuation of the positive attempts to stabilize above the 1930 level, explaining that the price’s consolidation, at least an hourly candle above the 1930 level, can consolidate gold’s gains towards 1945, recording the highest $1941 …
Read More »How could CPI data help gold prices?
Economists are busy analyzing gold price expectations ahead of the US Consumer Price Index (CPI) report. Gold prices are finding a footing with CPI data that is awaited on Wednesday, and on that note, markets do expect to witness a below consensus CPI print, which could help the precious metal …
Read More »Gold fluctautes as US dollar ignores Fed’s hawkishness
Gold spot price fluctuated on Monday, reaching a $1,912 daily low before settling at $1,925. On Wednesday, investors weighed mixed nonfarm payroll reports and US inflation data, leading to a fall in US bond yields.The US Dollar index dropped to its lowest point since May at 101.95. The Federal Reserve’s …
Read More »Gold rises after US jobs data
Gold prices rose in early Asian trade on Monday after last week’s US jobs data overshadowed the strength of the labor market, prompting investors to be more cautious about the path of US interest rate hikes. By 0104 GMT, spot gold rose 0.1 percent to $1925.49 an ounce, and US …
Read More »