World gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning. Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled...
World gold prices are still attractive when the world's second largest economy is still facing difficulties in economic recovery. Data on China's manufacturing PMI index in December decreased from 49.4 points in November to 49 points in December, lower than the forecast level of 49.5 points. This is the third consecutive month that China's manufacturing PMI index...
World gold prices rose as the code hit a 2-week high as expectations that the Fed would cut interest rates in the spring increased. World gold prices increased sharply this morning with spot gold increasing by 21.6 USD to 1,980.8 USD/ounce. Gold futures last traded at 1,987.3 USD/ounce, up 23 USD compared to yesterday morning. Gold prices soared to a 2-week high...
The world's gold price today (November 15) soared when the US announced that the October consumer price index fell lower than forecast. The sudden drop in the USD helped investors return to buying gold when deposit and transaction costs decreased. World gold prices continued to skyrocket this morning due to the USD suddenly plummeting. Specifically, the...
World gold prices this morning continued to decline with spot gold down 19.3 USD to 1,949.4 USD/ounce. Gold futures last traded at 1,955.7 USD/ounce, down 17.8 USD compared to yesterday morning. The gold market witnessed its third consecutive decline as investors looked for new signals about the US Central Bank's interest rate stance. Daniel Ghali, commodity...
Last week, gold fluctuated with a narrow range and regularly tested the psychological barrier of 2,000 USD/ounce. However, the metal still failed to hold this level as it was caught between conflicting factors between interest rate expectations and geopolitical concerns. Among Wall Street analysts participating in the survey, 60% expect gold prices to move higher...
Many experts predict that the fall in gold prices is due to profit-taking pressure when last week the precious metal increased by 5%. Two weeks ago, the US and European economies released economic growth reports, in which GDP growth in the US increased more than twice the forecast. As a result, US Government bond yields have increased sharply. The 10-year US...
World gold prices increased slightly this morning with spot gold increasing by 4.3 USD to 1,983.9 USD/ounce. Gold futures last traded at $1,997.40 an ounce, up $2.50 from the bright spot. World gold this morning was calm compared to yesterday's brilliance but has dropped much from the high level it had during the day when the newly released report showed the...
World gold prices are currently increasing again with spot gold prices increasing by 9.3 USD, to 1,979.6 USD/ounce compared to yesterday morning. Gold futures last traded at $1,994.90 per ounce, up $8.80 in today's session. Gold prices in today's trading session increased slightly in the context of the conflict in the Middle East remaining tense and consultants...
Soaring government bond benefits continue to dominate the pair's price action. Investors still need to watch out for Japan which will likely rate closer to 150. USD/JPY fell near 148.80, but quickly recovered to around 149.50 as the Bank of Japan (BoJ) is expected to announce its inflation forecast for fiscal years 2023 and 2024 earlier. On Tuesday, Bloomberg...
The rising USD against PLN has finally broken through its descending trendline. This strength in the dollar can be attributed to rising bond yields (amid an unmoved Federal Reserve) and the prevailing economic challenges in Poland and the European Union (recessions). On a technical note: The USDPLN pair has successfully broken out of a descending trendline on the...
After many consecutive days of rising, the price of gold today, October 13, of the world has decreased as data broadcast in the US cooled, the USD and US interest bonds heated up. Overnight, the US announced that the annual consumer price index (CPI) increased by 3.7%, higher than the forecast of 3.6%. However, the annual core CPI excluding real product and...
Late on Tuesday, US President Joe Biden expressed concerns about China's significant challenges, sparking fears about the global economy and a potential conflict between the US and China. These apprehensions have also prompted gold buyers to take action. Adding to this, the Wall Street Journal (WSJ) reported that the Biden administration is contemplating imposing...
Immediate delivery of gold has experienced a significant weekly increase, the largest since November, due to concerns about the global financial market's widespread contagion this week. Gold has surged to its biggest weekly gain since November, fueled by concerns over the spread of the global financial market this week. The Credit Suisse crisis has further...
NZDUSD is trading at resistance level and also it has continuously trading in Ascending Channel pattern from long time .According to chart pattern analysis , we might see downside in NZDUSD for short time. Trade with Stop loss and own capital risk management views/opinions are welcome to discuss.
USDJPY is trading in short term Ascending Channel pattern within the long term Descending channel pattern. according to chart pattern analysis we might see USDJPY trading in Ascending Channel pattern for while and then breakout from pattern towards the down trendline resistance level as shown in chart. Trade with stop loss and own capital risk management...
Dollar Index is consistently rising due to uncertainty and global supply chain distribution. DXY is trading in channel pattern also it is trading at resistance zone as shown in chart. According to chart pattern analysis we might see further upside in Dollar Index Thank You Vivek S.
Views and opinions are welcome to discuss thank you