On the world market, the price of gold traded on the Kitco floor on August 28 traded at 1,915.5 USD/ounce. The gold market could be volatile after macroeconomic data is released this week, analysts say. US economic developments continue to play an important role in investor sentiment. In the short term, gold is stuck by the words of US Federal Reserve Chairman...
World gold price this morning tended to increase with spot gold increasing by 0.7 USD, so compared to last week's trading time increased to 1,915.5 USD/ounce. Last week, gold rallied slightly and ended a four-week losing streak. Gold remained steady despite US Federal Reserve Chairman Jerome Powell signaling on Friday that the central bank will maintain its 2%...
World gold price this morning on August 25 was stable at 1917 USD/ounce, slightly increased by 1.6 USD. Gold futures in December last traded at $1,944.3 per ounce, down $2.8, so it closed today. The world gold market this morning fluctuated in a contraction band, should not react much to the better-than-expected US labor market data released last...
World gold price this morning was stable with gold trading at 1,915.8 USD/ounce. Recently, the gold market continues to face difficulties when the Fed maintains a "modest" monetary policy. U.S. Treasury yields hit the gold market as prices fell below key support around $1,950 an ounce and recently hit a two-month low. However, precious metals have made up some of...
The world gold price this morning increased strongly because the European economic area showed signs of weakness. Specifically, the August purchasing managers index (PMI) of this region was 43.7 points, although higher than 42.7 points in July and forecast at 42.6 points, but this is still staying too far above 50 points is an extension product. This indicator...
The world gold market was under pressure, causing the US Treasury bond yields and the USD index to increase. Yields on 10-year US Treasuries hit their highest level in 15 years. The USD index recorded a 9-week high, closing at 103 points. Bond interest rates increase the possibility that the US Federal Reserve (Fed) maintains the current high interest rates, not...
While there is still plenty of optimism that global gold could regain its luster later this year, analysts warn investors that a lot of short-term technical damage has been done and the metal quarter has the potential to decrease in the near term. Analysts note that despite high economic uncertainty as China's economy shows signs of stress, the precious metal has...
The gold market continues to fall near a 5-month low. According to a report by the US Department of Labor, the number of weekly jobless claims fell by 11,000 to 239,000. This metric provides little insight into the health of the economy. Therefore, the next direction of gold cannot be determined. Despite short-term selling pressure, analysts at Australia-based...
World gold price continued to decline with spot gold down 11.6 USD to 1,924.6 USD/ounce. December gold futures last traded at $1,959.9 an ounce, down $10.1 from dawn the day before. Gold came under pressure and continued to fall as a new report showed China's imports and exports fell more than expected in July while weak demand threatened the second-largest...
The world gold price fell 2 USD/ounce, down to 1,934 USD/ounce. The precious metal was unable to keep its upward momentum in the US session (the night of 7.8) when from 1,934 USD/ounce to 1,942 USD/ounce. Gold's quick turnaround lost $12 per ounce, down to $1,930 before recovering slightly. Investors sell gold. The world's largest gold investment fund SPDR sold...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Consolidation Phase Completed " 12 " Impulsive Wave Strong Support Bearish Channel in LTF Break of Structure
Analysts said that the gold price has not shown any signs of recovery as investor sentiment is being pressured by the jobs report, as well as the distribution of a strong dollar and high bond yields. Experts said that the US jobs report may affect the policy stance of the US Federal Reserve (Fed). In addition, independent analyst Ross Norman said that gold prices...
Thus, today's gold price has started more clearly when it has increased by 8 USD/ounce compared to the early hours of the morning. Experts believe that the gold price will soon recover and have more opportunities to develop when the new data released for the US economy is weakening. Nonfarm payrolls increased by 187,000 in July, but still below the previous...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Head and Shoulder Break of Structure Completed " 12345 " Impulsive Wave and " A " Corrective Wave Demand Zone Bullish Channel as an Correction in Short Time Frame
For now, the market is waiting for the July jobs report for more clarity on the Fed's next monetary policy path. The nonfarm payrolls figure is expected to rise to 200,000 jobs, compared with a gain of 209,000 in the June report. It can be seen that the gold market is facing a kind of "headwind" as the use of resilience, a healthy labor market and strong economic...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Correction in Short Time Frame Fibonacci Level - 61.80% RSI - Divergence Competed " 12345 " Impulsive Wave and " ABC " Correction Break of Structure Falling Wedge in LTF and Rejection from LTL
World gold price today (August 3) dropped sharply as risk-averse investors in the market did not provide much support for gold after the announcement of a long-term downgrade to the US government from 'AAA'. ' down to 'AA+' of Fitch Ratings. Analysts note that the US dollar and bond yields have benefited from the flow of safe-haven assets. 10-year bond yield has...
According to the World Gold Council, global demand for gold fell 2% in the second quarter to 921 tonnes due to high interest payments on deposits and a stronger US economy. However, the demand for gold by central banks in the first 6 months of 2023 reached a record high of 387 tons. If central banks implement "smart money flow" control, this is a positive signal...