International gold prices continued to fluctuate and rise on Tuesday. The rise in gold prices on Monday was mainly helped by the fall in the dollar and U.S. Treasury yields. The market continued to digest Powell's speech last week. The focus will be on Thursday's U.S. personal consumption expenditures (PCE) price index report and Friday's U.S. non-farm payrolls...
During the Asian session on Thursday, spot gold fluctuated within a narrow range and is currently around 1922, holding most of the overnight gains. On Wednesday, the price of gold rose by 0.95%, the largest one-day gain in more than a month. It once touched the 1920 mark and closed at around 1915 US dollars. Because the PMI data of European and American countries...
Yesterday the U.S. Department of Labor said initial claims for state unemployment benefits fell by 10,000 to a seasonally adjusted 230,000 for the week ended Aug. 19. Economists polled by Reuters had expected 240,000 new claims in the latest week. The jobless benefits report may have also provided some support for the dollar on the day, but overall the gold...
The current international gold price is around 1895 on Tuesday. DXY hovered near a two-month high, but its five-week winning streak eased as investors bide their time ahead of a Fed seminar in Jackson Hole, Wyoming, on expectations that major central banks could stay relatively low for longer. Gold hovered near five-month lows amid high interest rates and rising...
During the Asian session on Wednesday, spot gold rebounded slightly, currently around 1903, although Fed officials were open to the possibility of "re-acceleration of the economy" yesterday, which helped the dollar index to refresh its high in nearly two months, making gold bulls scruples. But gains in U.S. Treasury yields were capped, and gold remained supported...
During the Asian session on Monday, spot gold dropped slightly, hitting a low of 1884.70 since March 15. Gold prices closed close to flat on Friday, but still fell 1.27% for the week, closing down for the fourth consecutive week, as recent U.S. economic data has boosted market bets that interest rates will remain at higher levels for a longer period of time. DXY...
In early Asian trading on Friday, spot gold rebounded slightly after the recent slump, and the price of gold is now at $1,893. Gold fell towards $1,885 on Thursday, its lowest level since March 13. A stronger DXY and higher U.S. Treasury yields were responsible for gold's decline. Spot gold closed at US$1,889.11 on Thursday, down US$2.80, or 0.15%, with an...
In early Asian trading on Thursday, the U.S. dollar index continued to rise, hitting a more than one-month high of 103.59 at one point. In the early morning, after the minutes of the Federal Reserve meeting showed that most policymakers continued to put the fight against inflation first, spot gold extended its intraday decline, falling below the previous low of...
DXY was flat on Wednesday (August 16) after data showed that U.S. retail sales rose more than expected in July; gold prices stabilized, boosted by a retreat in the U.S. dollar, although the Fed may remain on hold for longer after strong U.S. data was released. Expectations of higher interest rates kept gold prices near six-week lows. Gold reached a new low of 1896...
On Tuesday (August 15th), the U.S. dollar index stood strongly above the 103 mark. Spot gold fell to a low of $1,902.46 overnight, dragged down by higher U.S. dollar and U.S. Treasury yields, its lowest level since July 7. The dollar climbed to its highest level in more than a month on worries about the Asian economy, making dollar-denominated gold more expensive...
Yesterday, oil prices continued to be suppressed technically, running below the 83 mark, showing a trend of shock consolidation. During the Asian-European trading session, the price was hit by the resistance of the 83.1 line, and quickly went down. In the afternoon, the price stabilized at the 82 mark and reversed. In the evening, it rushed up several times in...
Last Friday, crude oil technically showed the characteristics of minor shocks, recovery and recovery. However, the price in the Asian-European trading stage then fluctuated and fell back and fell rapidly, and then stabilized and rebounded after piercing the 82.3 line. In the U.S. market in the evening, the price rose slowly to 83.7 and fell back under pressure,...
Today's Asian market opened at $1913.27 in early trading, with a high of $1915.09 and a low of $1910.03. The minutes of the Federal Reserve FOMC meeting will be the focus of this week. The market is expected to be inclined to pause interest rate hikes in September and November. The dovish stance will put pressure on the dollar to break through the 103 mark. Gold...
Gold yesterday fluctuated and closed down with a small negative line, and the real K line of the daily line was not big. In a narrowing shock. The short-term failed to further extend the rebound at the end of last week. Instead, it was under pressure and fluctuated and closed at a low level. There are signs of weakening in the short term, but it still cannot get...
Wednesday (August 9th) spot gold remained volatile, currently trading around $1,928, the next day spot gold fluctuated downward, fell below the 1930 mark and fell to an intraday low of $1,922.83 in the U.S. session, and the U.S. dollar index climbed across the board European risk-sensitive currencies fell on a worsening global outlook, with gold falling to its...
The international gold price rose slightly and is currently around $1918. Yesterday, spot gold turned around after rising to an intraday high of $1932.39, and accelerated its fall below the $1920 mark in the U.S. market, and finally closed down 0.57% at $1914.35. The dollar fell on Wednesday, trading was quiet and stuck in a range, Investors await Thursday's U.S....
On Friday (August 11), DXY fluctuated within a narrow range and is currently around 102.50. Affected by the lower-than-expected inflation data overnight, spot gold once rose to an intraday high of $1,930.19, but then turned around and accelerated below the $1,920 mark. The U.S. dollar index turned from falling to rising, and investors digested U.S. July inflation...
Crude oil tested high yesterday and fell back. First, the inertia rushed above 85.3 and was under pressure. The European and American markets oscillated and backtested and corrected. Finally, the daily line harvested the Xiaoyin K line. After the daily yang line turned to the small yin K line for correction, the current space is enough to form the top, which is...