Spot gold prices continued to decline on Thursday, with the lowest trading level at 2,327.28 USD. The precious metal fell sharply for the second straight week, with the USD initially taking advantage of the hawkish FOMC meeting minutes. Documents released on Wednesday showed officials expressed concern about the lack of progress in achieving the 2% inflation...
After only 2 consecutive falling sessions, world gold price (XAU/USD) has dropped more than 100 USD if calculated from the high on May 22. Since the historic peak of 2,450 USD, XAU/USD has dropped more than 120 USD in just 4 sessions. Gold has been at a disadvantage since Wednesday's hawkish FOMC meeting minutes. Just yesterday, preliminary PMI data were released...
Closing the trading session on May 22, spot gold price decreased 1.8% to more than 2,377 USD/ounce after hitting a historic high of 2,450 USD/ounce on May 20. Calculated from the intraday high of 2,426 USD/ounce, spot gold price has decreased by about 50 USD/ounce. Gold futures contracts also decreased 1.4% to nearly 2,393 USD/ounce. As of the time of writing,...
Gold prices decreased because US government bond yields increased after the Fed meeting minutes. Gold prices fell sharply when US government bond yields increased and the greenback appreciated. The 10-year US government bond yield increased 2 basis points to 4.43%, while the DXY index increased 0.19% to 104.82, an obstacle for gold. FOMC minutes showed that Fed...
Since the shock increase and decrease on Monday following the speeches of Fed officials, the gold price (XAU/USD) has had almost no significant fluctuations, fluctuating around 2,420 USD/ounce. Many experts believe that the reason gold does not fluctuate much after officials' hawkish speeches is because the Fed's monetary policy only has a secondary impact on...
Gold prices have risen to a new all-time high, hitting $2,440 in the morning and $2,450 in the afternoon Vietnam time due to shelter demand as geopolitical tensions increase. According to Reuters, the reason is that Iranian President, Ebrahim Raisi, and other high-ranking Iranian politicians were killed in a helicopter crash in the North of the country over the...
World gold prices (XAU/USD) soared yesterday, reaching 2,440 USD in the morning session, then had another increase, reaching a new high again at 2,450 USD in the afternoon session and holding near this mark before when it fell sharply after the somewhat hawkish speech of Fed officials in the evening session. Kitco Metals experts said that the news that Iranian...
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World gold prices (XAU/USD) skyrocketed this morning, reaching 2,440 USD/ounce before retreating again at around 08:10 Vietnam time. In the absence of information at the beginning of the week and expectations that were almost completely reflected last week, gold prices seem to be reacting with some new momentum. Kitco News' latest weekly gold survey results show...
Gold has just set a new all-time high, as investor demand across the entire market skyrocketed due to growing confidence that the US will cut interest rates this year. Gold bullion increased 1.1%, reaching $2,440.59/oz early in the Asian session, surpassing the previous record set in April. This price increase is said to be due to traders becoming increasingly...
If you haven`t bought SE before the previous earnings: Then analyzing the options chain and the chart patterns of SE Sea Limited prior to the earnings report this week, I would consider purchasing the 65usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $5.45. If these options prove to be profitable prior to the earnings...
If you haven`t bought TCOM before the previous earnings: Then analyzing the options chain and the chart patterns of TCOM prior to the earnings report this week, I would consider purchasing the 55usd strike price in the money Calls with an expiration date of 2024-9-20, for a premium of approximately $6.45. If these options prove to be profitable prior to the...
World gold price (XAU/USD) decreased slightly yesterday after increasing to nearly reach 2,400 USD/ounce. According to experts, the reason may be due to profit-taking pressure after the strong increase the previous day. In addition, the recovery of the USD is also detrimental to gold. In the short term, the combination of stable inflation and weakness in other...
Gold prices are in a slight decline. The reason may be due to profit taking after increasing by more than 1% the previous day. The release of lower-than-expected US CPI and Retail Sales data for April has led to a change in expectations about the Fed's future interest rate path - an important factor contributing to the direction of gold prices....
More progress in deflation remains to be seen Chicago Fed President Austan Goolsbee welcomed the drop in inflation in April but said deflation progress needs to be firmer. Speaking Wednesday after the CPI excluding food and energy prices fell for the first time in six months, Goolsbee expected more such good data to come before making a decision to cut interest...
The USD plummeted as expectations of the Fed lowering interest rates increased after US inflation data The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. US government bonds recovered after economic...
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