According to the U.S. Bureau of Labor Statistics, U.S. nonfarm payrolls added 209,000 in June. The number for the month was slightly lower than the consensus estimate of about 224,000. The US unemployment rate fell in line with expectations to 3.6% from 3.7% in May. Overall, the market is still pricing the Fed for another 25 basis point rally this month and this...
Gold price drops after PMI announcement USD benefited and increased to 103.1 reduced the advantage for gold price Currently gold is still continuing its downtrend, the first target will be the 1900USD mark
The precious metal reversed to hot after the US Federal Reserve (FED) left open the possibility of two more interest rate hikes this year. Accordingly, the Fed kept interest rates unchanged at 5 - 5.25%. This is the first time this bank has suspended interest rate hikes after 10 consecutive increases since March 2022 until now. This move has made experts even...
The recent approval of the debt limit agreement and positive market reports indicate that the US Federal Reserve may raise interest rates again in the upcoming season. This change in expectations presents a challenge for the gold market, as it is supporting the US dollar. As a result, the greenback is currently trading at a three-month high.
The price of gold saw a slight increase of $4.2 USD per ounce, reaching $1,966 USD per ounce today. The demand for the precious metal rose due to concerns related to the agreement on raising the debt ceiling that are expected to face obstacles. However, passing the ceiling agreement would not be good news for gold as it would result in significant spending...
Gold is still considered a safe haven when China's economy does not recover as strongly as expected, and the US is sliding to the brink of recession. The World Gold Council (WGC) just surveyed 59 central banks and found that 24% of them plan to buy gold within the next 12 months. The reasons are high inflation, geopolitical uncertainty and interest rate worries.
Gold prices have risen as the value of the dollar drops. The DXY Index, which measures the dollar's volatility against six major currencies, has fallen below the 104-point threshold from its previous position above 104.52 points. According to the World Gold Council (WGC), 24% of central banks worldwide plan to increase their gold reserves by 2023. The reasons...
Dogecoin (DOGE) rebounded off the strong support at $0.12 on Feb. 12, suggesting that the bulls have not yet given up and are buying on dips. The relief rally is likely to face strong resistance at the moving averages but the positive divergence on the RSI favors the buyers. If the bulls push and sustain the price above the 50-day SMA ($0.14), the DOGE/USDT pair...
Reef/USDT about to break out and move forward and make it.
Any opinion is acceptable
Gold Bulls are finding it hard to push pst 1505 (BLUE LITTLE LINE ON CHART SHOWS WHERE TESTED THIS THEORY AND IT HAS GONE DOWN FROM 1505 3 TIMES 2 ARE MARKED) with the support level being at 1496 i believe we will go to this level again to retest with then breaking the support level and potentially dropping to 1480 zone