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Shinobi_Pips Updated 

World gold prices this morning were stable with spot gold increasing by 2.5 USD to 1,922.4 USD/ounce. Gold futures last traded at 1,945.6 USD/ounce, down 1.6 USD compared to yesterday morning. The precious metals market was quiet in the first trading session of the week due to the lack of data and events stimulating the market. Traders are waiting for inflation...

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⭐️Crude oil continues to eye a new high going into Tuesday’s trading session as markets ponder the direction for the US Dollar ahead of US CPI on Wednesday. ⭐️The WTI futures contract is back above US$ 87.50 bbl while the Brent contract is near US$ 91 bbl. ⭐️There are reports emerging today that the US will waive sanctions against Iran which will pave the way...

Shinobi_Pips Updated 

World gold prices this morning fluctuated slightly with spot gold increasing by 2.8 USD to 1,919.3 USD/ounce. December gold futures last traded at 1,942.5 USD/ounce, up 0.9 USD compared to yesterday morning. Traders are waiting for further US economic data to guide prices. As expected, the consumer price index report of August will be published on September...

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World gold prices this morning tended to increase with spot gold increasing by 1.2 USD to 1,919.9 USD/ounce. Last week, gold fell more than 1% due to the lack of economic data and market-stimulating events. Kitco News' latest weekly gold survey shows that the precious metals market has lost optimism as less than half of retail investors expect gold prices to...

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The US Dollar absolutely crushed it against its major counterparts this past week. In fact, the Euro confirmed its 8th weekly loss against the Greenback, matching an identical losing streak back in 2014. A 9th disappointment would mean the longest monthly losing streak since 1997! But, the Chinese Yuan took the cake in terms of being one of the worst...

Shinobi_Pips Updated 

World gold prices this morning continued to decline with spot gold down 9.4 USD to 1,916.5 USD/ounce. Gold futures in December last traded at $1,941.6 per ounce, down $10.1 from dawn yesterday. The world gold price continued to decline when subjected to technical selling in the context that gold lacked supporting factors. In the early morning, the USD and bond...

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Euro steadied again going into Thursday’s trading day but remains within a whisker of the 3-month low seen yesterday near 1.0700. The US Dollar is generally stronger so far today after Treasury yields once again stepped up to loftier levels overnight. The benchmark 10-year note is near 4.30% after having traded at 4.06% a week ago. The European Central Bank...

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The EUR/USD pair attracts some buying during the Asian session on Friday and reverses a major part of the previous day's slide to the 1.0685 region, or a three-month low. Spot prices currently trade around the 1.0720 region, up nearly 0.20% for the day, and draw support from a modest US Dollar (USD) weakness, though any meaningful appreciating move still seems...

Shinobi_Pips Updated 

World gold price continued to decline 11 USD/ounce, down to 1,924 USD. Precious metals fell as the USD index rose sharply and Treasury bonds increased to 4.2%, in addition to investors selling gold. The world's largest gold investment fund SPDR sold 1.16 tons, holding gold down to 889.81 tons. China reported some less-than-optimistic economic data. Its Caixin...

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The factor holding back gold's decline in the midweek session was traders' expectations of an interest rate hike by the US Federal Reserve (Fed). According to the FedWatch tool, there is a 95% chance that the Fed will keep rates unchanged at its September 19 and 20 policy meetings and a 60% chance that interest rates will stay at current levels for the rest of the...

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EUR/USD broke below several support levels yesterday and those levels might offer resistance in the 1.0665 – 1.0670 area. Further up, resistance could be ahead of the prior peaks near 1.0950. If it weres to break above there, it may see a test of potential resistance in the 1.1075 – 1.1095 area where several historical breakpoints reside and just ahead of the...

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The euro depreciated to below $1.08, marking its lowest point in nearly three months driven by investor expectations that the European Central Bank may maintain its current interest rates at the upcoming meeting due to the underwhelming performance of businesses and the slowdown in core inflation. ECB's Chief Economist, Philip Lane, acknowledged that the...

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Of Wall Street analysts participating in Kitco News' gold survey, 64% forecast gold prices will rise higher this week. 67% of retail investors participating in online Main Street polls shared the same view. The latest survey shows that retail investors expect gold to trade around $1,962 an ounce this week. Adrian Day, Chairman of Adrian Day Asset Management, sees...

Shinobi_Pips Updated 

The world gold price rose more than 1 USD/ounce on the morning of September 4th to 1,941 USD/ounce. Gold is up more than 1.25% in the past week. because the United States Revealed some weak economic data, such as the non-agricultural employment report. Unemployment rate increased and the ISM production index decreased. This week, some economic data was released,...

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The gold market is holding almost all of its gains this week and has had little reaction to the steady inflation pressures announced on Thursday. Specifically, according to the US Department of Commerce, the individual consumer spending price index. Core PCE rose 0.2% last month, compared with 0.2% gain in June. Meanwhile, inflation over the past 12 months...

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It can be seen that Bitcoin's recovery wave after Grayscale Digital Asset Management Company won a lawsuit against the US Securities and Exchange Commission (SEC) was short-lived. With Grayscale's announced victory, Bitcoin, which was at $26,000, attempted to rise above $28,000. However, when the wave of excitement ended and the SEC was expected to make a...

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World gold price this morning continued to increase with spot gold increasing by 16.7 USD compared to yesterday's closing level to 1,936.5 USD/ounce. December gold futures last traded at $1,964.9 per ounce, up $16.9 from dawn yesterday. In midday trading on August 29 in the US, gold prices hit a three-week high. The US Employment Turnover (JOLTS) report and...

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World gold price this morning increased slightly with spot gold up 6.5 USD to 1,943 USD/ounce. December gold futures last traded at $1,971.2 per ounce, up $6.3 from dawn yesterday. Gold continues to increase as newly released data shows that the labor market is showing signs of cooling and the world's leading economy is slowing down. Specifically, the report on...