DNA_TradingFX

DNA_TradingFX

Uncertainty over whether the Fed will pause its rate hike cycle persists, as US inflation is still trending well above the central bank's 2% annual target. Other precious metals fell on Monday, with platinum futures down 0.1%, while silver futures fell 0.2%. BUY GOLD zone 1948 - 1952 Stop Loss : 1942 Take Profit 1: 1955 Take Profit 2: 1960 Take Profit 3:...

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Expectations of a pause have negatively impacted the dollar in recent weeks, while benefiting metals markets, especially gold, as the interest rate outlook weakens. Rising interest rates push up the opportunity cost of holding non-yielding assets, reducing the attractiveness of gold as an investment vehicle. But a more stable exchange rate could spur more inflows...

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Gold prices rose in the Asian session on Thursday, hitting their highest in more than two months as weak UK inflation data led many to bet that global interest rates were nearing a peak, while a weaker dollar also helped. The yellow metal is currently about $15 away from $2,000 a wish. GOLD zone 1972 - 1975 Stop Loss : 1980 My taget is: 1968-1955 Note:...

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All eyes are now on the Fed and what they will do with rates when policymakers sit down on July 26 to decide on rates. While the Fed's so-called Federal Open Market Committee decided to pass a rate hike last month, economists think they will most likely vote for a 25 basis point increase this time around. consistent with recent rate hikes. BUY GOLD zone 1962 -...

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Gold bulls were knocked out of their daydreams on Tuesday, sending the yellow metal into bullish mode for the first time in almost a week and to a seven-week high. “Gold may have a hard time rallying at $2,000, but that could change if bond yields continue to fall and the Fed signals it is likely to raise rates next week,” said Ed Moya. next week after delivering...

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In general, inflation data in June 2023 can help the Fed "breathe a sigh of relief". However, central bank officials often focus more on core inflation, which is still well above the Fed's 2% target. As core inflation remains more than double the Fed's 2% target, traders believe the Fed will raise rates by 25 basis points at its meeting on July 25-26, 2023....

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Gold prices regained momentum after a day of stagnation, as the US Dollar Index (DXY) fell to a two-month low near 101.90 in a four-day losing streak. That said, low US inflation expectations followed by disappointment from US jobs data should weigh on the US Dollar and boost XAU/USD Price. The bearish inflation signals raise expectations to see the US Consumer...

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The yellow metal retains support at $1,900 an ounce as a significantly weaker-than-expected nonfarm payrolls report dented the dollar and boosted hopes that the Federal Reserve near the end of the rate hike cycle. However, Fed officials said the bank still needs to raise interest rates in the near term to combat overheating. Markets are broadly pricing in a Fed...

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Gold moved closer to the $1,900 average on Friday after a weaker-than-expected US June jobs report suggested the Fed's hawkishness had eased, as its policymakers The central bank sat down to assess the next rate in three weeks. This week, a daily close below the $1910-$1900 range will prolong gold's correction, pushing it towards $1885 -$1866 -$1845. On the...

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According to the latest jobs data, inconsistent results may not reassure the market. However, the upbeat numbers from the PMI show that the economy is expanding. As the results show positive for the economy, the market fears Jerome Powell's statement may soon become a reality. The outlook for gold has not been better, largely due to policy pressures and the...

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Gold price receives some support as the US Dollar weakens slightly. The USD has been struggling to gain momentum despite a recent recovery, and this is partly due to a decline in US Treasury bond yields. Additionally, concerns about the impact of the failed mutiny in Russia have also contributed to the rise in the safe-haven appeal of Gold. Notably, Russian...

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The US Dollar has seen some modest strength, which is helping to limit the rise of the XAU/USD. In addition, Federal Reserve Chair Jerome Powell, during his recent testimony, emphasized that the central bank plans to raise interest rates gradually to combat high inflation. Powell also stated that rate cuts are not expected in the near future and that the Fed will...

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The US Dollar's moderate strength is playing a role in limiting the rise of XAU/USD. Additionally, Federal Reserve Chair Jerome Powell, in his recent two-day testimony, emphasized that the central bank will likely increase interest rates later this year, but in a cautious manner, to address persistent high inflation. Powell also stated that rate cuts are not...

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The Gold price is getting a boost from economic troubles and a weaker US Dollar. Concerns about a global economic downturn are affecting investor sentiment and causing the equity markets to be generally weaker. Additionally, there is less demand for the US Dollar, which is helping support the safe-haven Gold price. The USD Index is currently near its monthly low...

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Gold prices remained relatively unchanged on Thursday, but were still recovering from four consecutive days of decline. The market was cautious due to the uncertainty surrounding the Federal Reserve's upcoming decision on interest rates, which affected traders' confidence in the precious metal. Yesterday, bullion prices briefly dropped to their lowest point in...

DNA_TradingFX Updated 

Yesterday, the price of gold experienced a significant increase due to a substantial decline in the value of the US dollar, reaching its lowest point in over a month. At present, the gold market is displaying strong resistance following the Federal Reserve's indication of the potential for two additional interest rate hikes this year. This has heightened experts'...

DNA_TradingFX Updated 

The price of gold is being supported by economic troubles and a weaker US Dollar. Concerns about a global economic downturn are affecting investor sentiment, leading to a generally weaker tone in the stock markets. Additionally, the demand for the US Dollar is subdued, which is also contributing to the support for gold as a safe-haven asset. The USD Index, which...

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The price of gold (XAU/USD) remains at a low point for the week, recovering from a three-day decline near $1,937. Investors are getting ready for an important event this week, which is the bi-annual testimony of Fed Chair Jerome Powell. It's important to mention that negative news about China, along with the Federal Reserve's hawkish stance and positive data from...