Chloe_Wang

Chloe_Wang

Standard Analysis: It appears that the price of Gold (XAUUSD) has risen for three consecutive days, increasing 1.6% in value to $1,843.43USD per ounce, the highest level since mid-February highs, which is also partly influenced by the downward trend of the USD index falling 0.76% to 90.19 in the same period. This support for gold has also been seen through the...

Chloe_Wang

Fundamental Analysis On Thursday (May 6), the US dollar index continued to fall, US bond yield fell, and supports the London Gold and Silver exchange rate to rise to its highest level since February 2021. The Dow Jones index rose to a record high. The strong economic data aroused the optimistic investor sentiment. In addition, it seems unlikely that the Federal...

Chloe_Wang

Fundamental Analysis Gold price rebounded and were up 0.44% on Wednesday (May 5). Fed officials selectively ignore the risk of rising inflation when the US government vigorously increased spending to support the economic recovery from the COVID-19 pandemic. The decline in 10-year US Treasury yields and the increase in SPDR gold holdings have provided support for...

Chloe_Wang

Fundamental Analysis: At 22:30 Sydney time on Thursday (April 29), U.S. 10-year Treasury bond yield rose to its highest level (1.68%) since April 13, 2021, due to the additional trillions of dollars plan in new spending announced by U.S. President Biden. Data also shows that the U.S. economic growth accelerated in the first quarter of 2021. The yield on U.S....