GSM-Analysis

GSM-Analysis Updated 

Gold prices reversed after yesterday's plunge immediately after the US Federal Reserve (Fed) decided to keep the standard interest rate unchanged at 5.25% to 5.5%. Both Fed Chairman Jerome Powell and state Fed officials in the US have expressed reluctance to start cutting interest rates until they are more confident that inflation is on track toward goal 2....

GSM-Analysis Updated 

Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold. Yesterday, the US economy released more...

GSM-Analysis Updated 

The international market had its second consecutive decline after the US announced more information on employment, unemployment rate and PMI index. The world gold spot price is around the threshold above 2,301 USD/ounce, down more than 4 USD/ounce compared to the previous trading session in this market. During the session, the world gold price increased sharply...

GSM-Analysis Updated 

This week, international gold prices fell quite sharply from 2,346 USD/oz to 2,277 USD/oz and closed at 2,301 USD/oz. International gold prices continued to decline this week because the FED kept interest rates at the current level and warned that they were not ready to cut interest rates to curb inflation. US jobs data released this weekend showed that the US...

GSM-Analysis Updated 

Gold prices lost momentum to recover around $2,295 on Monday during the early Asian trading session. Investors will be watching Fedspeak this week, along with the first reading of the US Michigan Consumer Sentiment Index for May on Friday. From a technical perspective, the daily chart shows sellers rejected upside gains for the second day in a row around...

GSM-Analysis Updated 

The Federal Reserve is expected to announce its monetary policy decision from the April 30-May 1 meeting. It is anticipated that borrowing costs will remain unchanged at 5.25% to 5.50% and forward guidance will stay the same. The focus will be on Fed Chair Powell's press conference for insights into the policy outlook, as there are no new economic projections at...

GSM-Analysis Updated 

Gold prices recorded a slight decline after recent losses as traders continued to price in higher longer-term US interest rates ahead of the US Federal Reserve (FED) meeting over the weekend . The yellow metal fell from record highs reached in early April as safe-haven demand weakened in the absence of any escalation between Iran and Israel. This makes gold...

GSM-Analysis Updated 

Gold prices (XAU/USD) traded slightly lighter near $2,335 on Monday during the early Asian session. Recent US economic data shows that inflationary pressures remain stable, casting doubt on interest rate cuts by the US Federal Reserve (Fed). The Fed's interest rate decision on Wednesday is closely watched. The US Dollar Index (DXY) fell to 106.00, US bond yields...

GSM-Analysis Updated 

OANDA:XAUUSD ANALYSIS - Now that the risk of a broader conflict in the Middle East has subsided, gold attempts bulls look to a softer dollar to prop up prices - Gold (XAU/USD) attempts to lift off of support at $2320 OANDA:XAUUSD BULLS LOOKS FOR INSPIRATION IN THE DOLLAR AFTER TENSIONS SUBSIDE Implied gold volatility (GVZ) has experienced a notable drop...

GSM-Analysis Updated 

Gold prices recovered losses but remained near $2,320 early Thursday. Fresh weakness in the US Dollar and US Treasury yields allow Gold buyers to breathe a sigh of relief. Gold prices remain vulnerable amid Middle East escalation, waiting for US Q1 GDP data. Gold prices steadied on Wednesday below the key 21-day simple moving average (SMA), then at $2,318,...

GSM-Analysis Updated 

Gold prices in recent sessions have fluctuated up and down continuously and are difficult to predict. One day it dropped deeply, the next day it increased dramatically, making investors dizzy. In an unfavorable economic context, gold prices continue to attract investors as the central bank's purchasing power has not stopped. Officials of the US Federal Reserve...

GSM-Analysis Updated 

World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce. The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that...

GSM-Analysis Updated 

Gold prices fluctuate sharply up and down but follow a gradual upward trend and sometimes reach close to 2,400 USD/ounce. Geopolitical tensions in the Middle East tend to increase when Israel announces it will retaliate against Iran. According to Qatar's Al-Jazeera TV channel, a senior US official said that Israel could attack targets deep inside Iranian...

GSM-Analysis Updated 

World gold prices dropped sharply when the US announced that the March CPI increased stronger than expected, both on a monthly and yearly basis. The US March CPI rose by 0.4% month-on-month and 3.5% year-on-year, surpassing forecasts. The core CPI also increased by 0.4% monthly and 3.8% annually, exceeding expectations. US real income in March increased by 0.3%,...

GSM-Analysis Updated 

Precious metals on the world market quickly lost the threshold of 2,400 USD/ounce after achieving this record yesterday. Disappointing economic data is adding to solid safe-haven demand in the gold market. June gold futures last traded at $2,421.60 per ounce, up 2% during the session. According to the report, consumers see inflation in the United States rising...

GSM-Analysis Updated 

World gold prices plummeted despite the rising USD index. Recorded at 9am, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,075 points (up 0.01%). This precious metal is predicted to reach 3,000 USD/ounce - an increase of 30%. Gold prices increased at a time when the USD strengthened and inflation expectations...

GSM-Analysis Updated 

World gold prices hit a record on April 9, thanks to buying activities and geopolitical risks, while attention was directed to the meeting minutes of the US Federal Reserve (Fed) and inflation data of this country. Minutes of the Fed meeting and data on the consumer price index will be published on April 10. Gold is considered a safe haven from inflation and...

GSM-Analysis Updated 

The gold market continued its relentless grind to record highs, hitting an all-time high of $2,339.57 per ounce before the end of the trading week. This is considered the latest recovery of gold that took place after the US economy created 303,000 jobs in March, far exceeding expectations. At the same time, the unemployment rate dropped to 3.8%. Despite strong job...