Captain-Trading

Captain-Trading Updated 

The price of gold today is having a clear upswing when gold increased by 18.2 USD to 190.4 USD/ounce. The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, fell 0.19%, increasing the attractiveness of gold to buyers holding...

Captain-Trading Updated 

The significant increase in the price of gold this morning is attributed to the economic weakness in Europe, which has supported gold to reach a level of $1921. After the release of PMI data, some experts believe that the European Central Bank (ECB) may halt interest rate hikes from September onwards in order to revive production. If ECB does indeed stop raising...

Captain-Trading Updated 

XAUUSD is experiencing fluctuations around the level of 1,900 USD/ounce in Asian trading on Wednesday, showing signs of recovery after four consecutive weeks of losses. However, increasing risk aversion sentiment and concerns about the Chinese economy are putting pressure on the price of Gold. These factors have the potential to impact the overall trajectory of...

Captain-Trading Updated 

Gold has slightly extended its gains and continues its successful upward trend on the third day. GOLD fluctuates around $1,900 per ounce in Asian trading on Wednesday, showing signs of recovery after four consecutive weeks of losses despite the stronger US dollar. However, a stronger rebound is unlikely at this time. The Relative Strength Index (RSI) indicator...

Captain-Trading Updated 

Gold prices continued to inch higher today as the market awaited information from the Federal Reserve's annual bank meeting, which will be held from August 24th to August 26th. Of particular interest is Fed Chairman Jerome Powell's speech on August 25th, where he will provide insights into the central bank's monetary policy in the near future. Prior to this news...

Captain-Trading Updated 

The current price of gold has surpassed the $1900 mark, indicating a slight recovery. However, many investors are anticipating that Mr. Powell will provide some insights into the monetary policy direction of the US Federal Reserve later this week, which could potentially benefit gold. Analysts suggest that only when there is some indication that the Fed will cut...

Captain-Trading Updated 

The precious metal market is experiencing a decline in sales due to the rise of the US dollar and government bond yields. Market expectations are that Mr. Powell will provide some indication that the US Central Bank has ended its most aggressive tightening path in 40 years and is preparing for cuts. Analysts believe that only then can gold escape its current...

Captain-Trading Updated 

Currently, the price of gold remains stagnant near its five-month low, hovering around $1,896.43 per ounce. This may be attributed to the rising yields on government bonds, putting downward pressure on the precious metal's value. As a result, we can expect gold prices to continue moving sideways or even decline. The market received some support as the USD Index...

Captain-Trading Updated 

The price of gold has experienced a slight increase and currently stands at $1900, but the potential interest rate hike by the US Treasury Department at the beginning of the trading week and the continued downward trend on charts are limiting the metal's upward movement. Trading may be more subdued this week. "Another price increase in the dollar could prolong or...

Captain-Trading Updated 

The current trading price of gold in the market stands at 1898.2 USD per ounce. The Dollar Index has experienced a slight increase of over 0.02% compared to the previous session, with a value of 103.19 points. According to Michele Schneider, who is the director of research at MarketGauge, even just Mr. Powell's upcoming more dovish statements on monetary policy...

Captain-Trading Updated 

Hello everyone, gold prices experienced a slight decrease upon the opening of trading this week, with gold being traded at $1,891 per ounce. This decline follows three consecutive weeks of downward movement in the market. Gold continues to face downward pressure due to the recovery and sustained high value of the US dollar in international markets. The further...

Captain-Trading Updated 

Gold prices continued to decline in the market today (21/8). The US dollar and yields on US government bonds remain high, causing global gold prices to sink. This could put pressure on gold as investment demand decreases, unless there is some kind of instability or if the US dollar weakens due to the Federal Reserve shifting its focus towards interest rate cuts.

Captain-Trading Updated 

World gold weakened because the dollar in the international market soared in the past few days in the context of the US Federal Reserve (Fed) maintaining tight monetary policy. Meanwhile, many Asian countries accelerated monetary easing to revive their economies. The US Dollar Index hit a 9-week high overnight. Rising bond yields have increased the opportunity...

Captain-Trading Updated 

Hello everyone, here is some information about gold that I want to share. The price of gold is experiencing a slight decrease today, currently trading below $1890. Last week, gold saw its third consecutive week of significant declines. This can be attributed to the forecast that the US Federal Reserve (Fed) will maintain high interest rates for an extended period,...

Captain-Trading Updated 

The price of gold has decreased to its lowest level in over a month due to a stronger US dollar and higher bond yields, which have diminished the shine of gold. I continue to observe a significant decline in gold purchases over an extended period and a noticeable increase in short-term trading. Speculators are pulling out of gold, with expectations about interest...

Captain-Trading Updated 

The current price of gold stands at $1,893.34 per ounce. Gold has reached its lowest level in nearly 6 months as on Thursday, the yield on US Treasury bonds rose higher and the dollar strengthened, dealing a heavy blow to gold prices. During the July meeting of the Federal Reserve (Fed), most members of the committee indicated their support for higher interest...

Captain-Trading

Gold price update up to the present day on August 18, gold continued to fall to the price of 1,891.9 USD/ounce. Gold continued to trade at a 5-month low as bond yields continued to rise following the release of the minutes of the US Federal Reserve's July monetary policy meeting (Fed). Rising bond yields have increased the opportunity cost of holding zero-yield...

Captain-Trading Updated 

The price of gold has recently lost its momentum and dropped below the $1,900 mark in yesterday's trading session. This decline is believed to be caused by the rise in US Treasury bond yields, reaching approximately 4.3% after a temporary adjustment. As a result, XAUUSD has shifted into a downward trend. The ability for gold to maintain its value may face...