FalCol_TradingMaster

FalCol_TradingMaster

World gold spot price stands around 1,822.5 USD/ounce, down 7.5 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,838.9 USD/ounce On the world market, spot gold price on Kitco on October 2 traded at 1,830 USD/ounce. Everett Millman, market analyst at Gainesville Coins, said that according to the annual...

FalCol_TradingMaster

World gold spot price stands around 1,822.5 USD/ounce, down 7.5 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,838.9 USD/ounce On the world market, spot gold price on Kitco on October 2 traded at 1,830 USD/ounce. Everett Millman, market analyst at Gainesville Coins, said that according to the annual...

FalCol_TradingMaster

The dollar starts the week slightly lower, with the DXY dollar index down 0.1% at 106.10, but the falls aren't convincing enough to look like they could mark the start of a downward trend, analysts at UniCredit Research say in a note. "We remain skeptical that a shift in sentiment has occurred," they say. The dollar's falls on Friday could simply represent...

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The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %. Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no...

FalCol_TradingMaster

The decline in gold prices is closely related to the rise of the US dollar and US bond yields, especially the 10-year bond yield which has reached its highest level since October 2007, surpassing 4.6 %. Kevin Grady, President of Phoenix Futures and Options, noted that gold is facing a major challenge due to predictions that the US Federal Reserve (Fed) has no...

FalCol_TradingMaster

In the wider currency market, the euro EURUSD lost 0.07% to $1.0565, after ending the previous quarter with a 3% fall, its worst performance in a year. The Euro fell sharply after breaking the key support level of 1.0580. The currency touched a low of 1.0488 and rebounded from there. Resistance levels for the Euro are at 1.06 and then in the 1.0670-1.0700 zone. If...

FalCol_TradingMaster

Gold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy. The decline in gold prices is closely related to the rise...

FalCol_TradingMaster

Gold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy. The decline in gold prices is closely related to the...

FalCol_TradingMaster

Elsewhere, the euro stood at $1.05625 EURUSD , down 0.04% so far in Asia after climbing off this week's multi-month low of $1.0488. Investors will be looking ahead to Friday's CPI data out of the euro zone for clues into the state of the bloc's economy. OANDA:EURUSD SELL 1.0575- 1.0590 ✔️✔️ ✔️TP1: 1.0545 ✔️TP2: 1.0525 ❌SL: 1.0620

FalCol_TradingMaster

This morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning. Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since...

FalCol_TradingMaster

This morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning. Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since...

FalCol_TradingMaster

The U.S. dollar held its position near a 10-month high against a basket of major currencies on Thursday. The dollar's strength was buoyed by optimistic U.S. economic data and anticipatory remarks from Federal Reserve officials. The U.S. dollar index, which measures the greenback against other major currencies, hovered around 106.58 after hitting an overnight peak...

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This morning, world gold prices dropped sharply with spot gold down 24.1 USD to 1,876.2 USD/ounce. Gold futures last traded at 1,890.9 USD/ounce, down 28.9 USD compared to yesterday morning. World gold slipped from the important psychological support level below 1,900 USD/ounce in early morning trading this morning as the hawkish stance of the US Federal Reserve...

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The U.S. dollar extends gains, hitting another ten-month high against a basket of currencies, helped as investor worries over a potential government shutdown lift safe-haven assets, says Ipek Ozkardeskaya, senior analyst at Swissquote Bank, in a note. "Investors continue to dump stocks and buy U.S. dollars on looming uncertainty regarding whether the U.S....

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Gold fell sharply in the context of US Treasury bond yields reaching a 16-year high and profit-taking activities leading to a sell-off of precious metals. Gold is also under pressure from the USD hanging high near a 6.5-month peak. The DXY index (which measures the movement of the USD against 6 major currencies) is near 106 points Gold also decreased because a...

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World gold spot price stands around 1,902.2 USD/ounce, down 4.8 USD/ounce compared to yesterday. Gold futures price for December delivery on Comex New York floor is at 1,919.6 USD/ounce The world gold price on the night of September 26 is about 4.6% higher (83 USD/ounce) compared to the beginning of 2023. World gold price converted to USD bank price is 56.9...

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TheU.S. dollar index DXY last stood at 106.20, having peaked at a 10-month high of 106.26 in the previous session, while the euro EURUSD languished near Tuesday's six-month low and last bought $1.0569. "The U.S. dollar is stickier to the upside than the downside," said Tina Teng, market analyst at CMC Markets. "It's (been) a shock for markets since last week...

FalCol_TradingMaster

Gold spot price on the international market plummeted from 1,915 USD to 1,900 USD/ounce at 6:00 a.m. on September 27. This is the lowest price on the gold market in September 2023. The USD soared in value as investors were frightened by the commitment of major central banks to maintain high interest rates and control inflation. In particular, policymakers of the...