Alexia_Putellas

Alexia_Putellas Updated 

Hello everyone! This week we have witnessed a significant increase in the price of gold. At one point, gold reached as high as $2010. Currently, gold is trading around $1983, remaining stable throughout the week. However, the upward momentum of gold has been hindered as the US dollar continues to rise, with many economies around the world facing difficulties and...

Alexia_Putellas Updated 

Dear friends, Gold prices showed positive momentum on Thursday due to a decrease in US bond interest rates and a weaker US dollar. The political tensions and economic difficulties in China also contributed to the positive sentiment, causing gold prices to increase by 0.24% compared to the previous trading session. At the time of writing, gold is trading at...

Alexia_Putellas Updated 

My dear friends, The prolonged weakness of the US dollar, following the extended pause by the Fed and Chairman Powell's non-committal stance, has increased risk sentiment and weighed on the US dollar along with US Treasury bond yields. From the technical analysis chart, we can see that the EUR is maintaining an upward trend, suggesting that it is likely to...