TrendTamer_Trading

TrendTamer_Trading

Analysts identified attack information from Reuters (UK) that the risk of a major increase in value could lead to a tendency to buy more and accumulate assets such as gold and the USD, while at the same time potentially providing as demand competes for US Treasury bonds, which have been sold strongly. Economist Peter Cardillo at Spartan Capital Securities (USA)...

TrendTamer_Trading Updated 

The world gold market was quiet in the early morning trading session this morning (Vietnam time) while waiting for the US Department of Labor's September employment report to be released on Friday morning. The number of nonfarm, critical jobs is expected to increase by 170,000 compared with an increase of 187,000 in the September report. Wednesday's private sector...

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Global gold prices stabilized, with spot gold falling $0.4 to $1,820.6 per ounce. Gold futures were trading at $1,834.4 per ounce, down $0.4 from the previous morning. Global gold markets were quiet in early morning trading this morning. We are awaiting the release of the US Department of Labor's September employment report on Friday morning. The number of...

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Chief market strategist at Lazard in New York commented: “US economic strength continues to surprise the market. The Fed's rate hike cycle may be over, but positive economic data will likely pave the way for additional rate hikes.” For example, positive data exceeding expectations in the US employment report last weekend could strengthen the stance of the US...

TrendTamer_Trading Updated 

World gold prices continued to decline slightly with spot gold down 5.3 USD to 1,823.1 USD/ounce. Gold futures last traded at 1,839.5 USD/ounce, down 5.1 USD compared to yesterday morning. A strong USD and US Treasury bond yields rising to their highest level in 16 years pushed gold futures prices to a 10-month low in early morning trading this morning (Vietnam...

TrendTamer_Trading

Chief market strategist at Lazard in New York commented: “US economic strength continues to surprise the market. The Fed's rate hike cycle may be over, but positive economic data will likely pave the way for additional rate hikes.” For example, positive data exceeding expectations in the US employment report last weekend could strengthen the stance of the US...

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World gold prices dropped sharply with spot gold down 21.3 USD compared to yesterday morning to 1,828.4 USD/ounce. Gold futures last traded at 1,844.6 USD/ounce, down 21.5 USD compared to yesterday morning. December gold futures hit a 10-month low in early morning trading this morning (Vietnam time). The USD reached its highest level in 10 months and US Treasury...

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The dollar rose in recent trading session, after new economic data once again supported the view that the US Federal Reserve (Fed) will maintain higher interest rates for longer. In addition, the US Congress issued a temporary budget law last weekend to prevent the risk of a Government shutdown. This act helps allocate funds to ensure the federal government can...

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The USD remained anchored at a 10-month high, while US government bond yields left a 16-year high. This week, the US will release many important economic reports and are expected to have a direct impact on the Fed's interest rate outlook. Many experts believe that there is a high possibility that the Fed will continue to raise interest rates one more time in the...

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Meanwhile, in the US market, the US Dollar Index (DXY) measuring fluctuations in 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased 0.79%, reaching 107, 02. The US Congress enacted a temporary budget law last weekend to prevent the risk of a Government shutdown. This act helps allocate funds to ensure the federal government can maintain operations until...

TrendTamer_Trading Updated 

Gold has endured six consecutive sessions of declines to hit a near seven-month low as a strong US dollar and the prospect of higher US interest rates have made the precious metal less attractive. Currently, spot gold prices have dropped to their lowest level since early March. US gold futures prices also decreased 1% to 1,847.20 USD. Jim Wyckoff, senior analyst...

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Despite the slight decline at the end of the week, many analysts still believe that the greenback could continue its more positive correction. Win Thin, head of global currency strategy at Brown Brothers Harriman in New York, said that this may just be a temporary correction and investors can take advantage of the opportunity to buy the greenback at low prices....

TrendTamer_Trading Updated 

Verett Millman, market analyst at Gainesville Coins, believes that gold's recent decline is mainly due to seasonal factors. He forecasts that this precious metal will start the fourth quarter with a strengthening level. According to this expert, normally October will witness a reversal in the gold market due to increased demand from China and India for this...

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The USD is currently experiencing a period of strong growth, with the 11th consecutive increase - this is the longest increase in 9 years. This has pushed the price of the greenback higher, thanks to expectations of a strong US economy, especially as interest rates and oil prices remain high. This means the Fed will likely continue to raise interest rates and...

TrendTamer_Trading Updated 

Among Wall Street analysts participating in Kitco News' gold survey, 54% expect to see higher gold prices this week, 31% expect prices to decline. Meanwhile, 45% of retail investors participating in online polls expect gold to rise this week, with 41% predicting lower prices. Retail investors expect gold to trade around $1,872/ounce this week, $64 lower than last...

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USD implements tax reduction according to British plan. After reaching a record level on September 26, the British pound marked its upward momentum the week after the Bank of England decided to buy government bonds. Accordingly, the British pound, after shedding $1.1235, fell 0.06% in the last trading session, at $1,112.

TrendTamer_Trading Updated 

Kitco News' latest gold survey shows that most market analysts are optimistic that gold will recover in the near future, while retail investors are cautious after going through 7 sessions. consecutive losses. Specifically, among Wall Street analysts participating in Kitco News' gold survey, 54% expect to see higher gold prices this week, 31% predict a decrease in...

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The USD is continuing to trade strongly and positively. A surge in US Treasury interest has facilitated higher DXY supply in the last two months. Meanwhile, market expectations that interest rates in the US will continue to remain high for a long time also supported the benefits of Treasury bonds. Overall, the recent appreciation of the USD and treasury bond...