At the end of the Asian market on Monday, spot gold suddenly experienced another short-term plunge. The price of gold just fell below the US$2,030/ounce mark, falling by more than US$15 within the day. Gold prices were lower on Monday as rising U.S. Treasury yields were positive for the dollar, putting downward pressure on the yellow metal. Gold prices retreated...
The current price of gold is short on the entire Asia-European market. Now the market has started to fall as expected, and gold will remain short in the future. Gold's current downward trend is obvious. The rebound in the Asian and European markets is a repair of yesterday's sharp decline. Moreover, the rebound has not broken through the key watershed of 2050 at...
wwwtradingview.com In European market trading on Wednesday, the US dollar resumed its upward trend and stabilized above the 102 mark, while the price of gold has fallen below US$2,060. The market is awaiting the release of the Federal Reserve meeting minutes and U.S. economic data for further clues on the Fed's interest rate cuts. Gold prices came under slight...
In early trading in the European market on Tuesday, the price of gold rose to $2,073, reaching a maximum of $2,076 during the Asian session. The dovish stance of the Federal Reserve and tensions in the Middle East stimulated risk aversion. This week, the market will usher in the Federal Reserve decision and the non-farm payrolls report (NFP). We need to be...
Gold prices retreated sharply on Friday as gains in the dollar and U.S. Treasury yields eroded support for expectations of a rate cut by the Federal Reserve early next year. There isn't much trading volume in any market right now, so that usually results in smaller moves, especially as we approach big numbers like all-time highs. “The reason prices are back near...
Gold prices started today's trading with more gains and returned to the main bullish channel, which supports the continuation of the expected bullish trend in gold prices today and in the short term, and opens the way for new gains in gold prices. The first bullish target for gold prices is $2,100.00 per ounce, with a higher target looking at the recent high of...
In early trading in the European market on Tuesday, the price of gold rose to US$2,061. The military actions taken by the US military in response to the attacks in Iraq have enhanced the appeal of gold as a safe-haven asset. The price of gold is bullish in the short to medium term and is close to breaking through the resistance level. Gold was trending higher in...
Spot gold resumed trading on Tuesday. Currently, the international gold price is trading above $2,060 and maintains an upward trend. The main driver of this move continues to be rising expectations of a rate cut by the Federal Reserve, increasing the appeal of gold prices. Gold prices rose in thin trading, mainly on rising prospects that the Federal Reserve may...
At the end of the Asian market on Thursday, spot gold suddenly rose rapidly in the short term. The price of gold just broke through 2037 US dollars per ounce. It rose by nearly 10 US dollars during the day and is currently oscillating near the level below 2037. The upside target is the key level of $2040 per ounce. Gold prices attracted some follow-through buying...
Oil prices are falling due to US Consumer Price Index (CPI) data. Both headline and core inflation data were stagnant, suggesting that U.S. inflation is not accelerating or declining rapidly, while inflation is falling in Europe and other major regions. The outlook for oil in 2024 is bleak as the supply glut is too large to be replenished in the short...
Spot gold continued to be under pressure at the end of the Asian market on Wednesday, with gold prices currently around $1,980 per ounce. Gold is under downward pressure. Gold prices have continued their decline recently, and the market is generally cautious ahead of the Federal Reserve's interest rate decision. Judging from the 4-hour trend chart, the risk of...
During the Asian market on Tuesday, spot gold was basically stable, with the price of gold currently trading at around US$1,982 per ounce; on Monday, the price of gold fell by more than US$20. The case for gold has become even stronger after gold prices fell below the $2,000/oz mark. Gold prices are poised to extend their decline. Suffering from the strength of...
Spot gold maintained its modest rebound during the day on Wednesday. Gold prices continue to fall from all-time highs despite falling U.S. Treasury yields. The dollar extended its gains, putting pressure on gold. Bearish pressure on gold remains. Once gold prices fall below $2,010 per ounce, gold may face more downward pressure. The short-term bullish momentum...
Entering the European market on Thursday, spot gold maintained a narrow range and is currently rising slightly. The current weakness has given bulls a breathing space. Although this week's series of employment data strengthened expectations of a Federal Reserve interest rate cut, gold was still hit by a false breakthrough at the beginning of the week. hurt. The...
The bullish direction of gold does not change. It fell back in the evening and bottomed out in the short term. It is still long. Gold, the daily trend is bullish, and the one-hour cycle direction is bullish. The intraday price opened high and then fell deeply. However, the trading is still bullish so far. There is currently no point to rely on for entry, and the...
Spot gold has accelerated its short-term decline, and the current gold price has reached a minimum of around US$2015 per ounce. Stronger-than-expected U.S. data is expected to boost the dollar and hit gold prices. On the other hand, if U.S. data falls short of expectations, the dollar may be suppressed, which will push gold prices to rebound. A fall below $2,000...
In the European market on Thursday, spot gold fell rapidly in the short term. The price of gold just fell below the US$2,040/ounce mark and is currently down to around US$2,038/ounce. On this trading day, investors will receive key U.S. PCE inflation data and a speech by Williams, the Fed’s “number three figure”. These two major events are expected to trigger...
During the European trading session on Tuesday, global stock markets were stable. Supported by investors' belief that the Federal Reserve will not raise interest rates again, the U.S. dollar remained at a three-month low and gold prices remained above $2,000. Looking at this trading day, the market will focus on the Federal Reserve series. Official's speech....