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The global gold price has been under noticeable pressure and volatility recently. Currently, gold is listed at $1,848 per ounce on Kitco, showing an increase of $26 per ounce compared to early morning prices, catching the attention of both experts and investors alike. A recent survey by Kitco News has painted a multifaceted picture of gold's direction this week....

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The British Pound (GBP) managed to regain ground this week, primarily driven by an overall improvement in risk sentiment. This recovery came as a relief, with the Cable benefiting significantly from the improved risk appetite. The halt in protests over the US Dollar Index and stalled discussions regarding US Treasury yields have played a crucial role in supporting...

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In the short term, gold prices are poised for a new wave of activity as the US Dollar (USD) enters a consolidation phase after two consecutive days of decline from its 11-month high. The relatively optimistic sentiment surrounding the US Dollar might be attributed to the mildly positive atmosphere during Friday's Asian trading session, despite the mixed...

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In the broader landscape of the currency market, the yen continues its upward trajectory despite some modest fluctuations. The euro dipped 0.3% to 157.44 yen (EURJPY), while the dollar also experienced a minor decrease of 0.1% to 149.14 yen (USDJPY). Against the US dollar, the euro fell by 0.2% to 1.0566 USD (EURUSD). Caution prevails, providing a soothing effect...

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Hedge funds are intensifying their positions in the final quarter. They are doubling down on two major trades: shorting U.S. Treasury bonds and betting on a strengthening dollar. Data from the Commodity Futures Trading Commission (CFTC) reveals record short positions in two-year Treasury bond futures and a surge in bets on a rising dollar. Funds are capitalizing...

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October has historically proven to be a significant month for Bitcoin and the overall cryptocurrency markets. The increased focus on Bitcoin and crypto trading during this month often leads to substantial gains, with the potential for significant profits in relatively minor trades. However, the path to earning $20 million is not without its challenges. In recent...

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Bitcoin, the kingpin of cryptocurrencies, has recently weathered a storm, slipping below the crucial yellow support line. This descent has left many, myself included, bearish on BTC's future, speculating a downtrend possibly stretching into 2023. Following the initial plunge, Bitcoin astoundingly managed a significant recovery, clawing back a substantial part of...

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After its recent decline, the Euro (EUR) may be preparing for a short-term recovery within the seasonal timeframe indicated by MRCI (highlighted in yellow.). Additionally, 15 years of historical data (depicted by the green line) shows the possibility of a short-term uptrend. The combination of these factors paints an attractive picture, hinting at a possible...

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Today, gold prices experienced a significant surge in response to a decrease in US bond yields, dropping from 4.8% to 4.7%. This shift prompted investors in bonds to redirect their capital towards gold, especially after the precious metal faced a decline in recent days. Simultaneously, the weakening of the USD Index from 106.24 points to 106.1 points caused the...

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The US dollar faced a decline against major currencies on Friday as investors assessed the recent US job report. While the data indicated widespread hiring in September, wage growth appeared to be slowing down. The dollar index, measuring its strength against a basket of six key rivals, dropped by 0.31% to 106.03. Initially, the index had surged to 106.98 in...

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Bitcoin finds itself trapped within the $27,000 to $28,000 range, with a persistent downtrend threatening to push the cryptocurrency towards crucial support levels at $25,762 and possibly as low as $20,431. This situation, occurring on a Friday, underscores the market's increasing unpredictability, exacerbated by liquidity pockets and ongoing consolidation within...

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The EURUSD currency pair is showing more positive signs in the market today If this article is useful to you, don't forget to like and comment !❤️

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Gold prices have finally halted their downward spiral, driven by the weakening US dollar. The greenback continues to suffer losses following weaker-than-expected US employment data. The higher yields on US Treasury bonds have outperformed non-interest-bearing assets like gold. Gold prices put an end to their losing streak on September 25th, trading around $1,830...