MrTrongVo

MrTrongVo Updated 

Gold is losing ground as traders lock in the time aggressively. The US Dollar tested a multi-month high today. Normally, a strong dollar would lower gold prices, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions. In case gold falls back below $2,350, it will head towards the nearest support,...

MrTrongVo Updated 

With gold reaching many consecutive price records, the current investor situation is as follows : Net-short exposure to yen futures rose to a 16-year high among large speculators Large speculators increased long gold exposure by 15.7% (+10.1k contracts) and reduced shorts by -7.1% (-8.4k contracts), whereas asset managers are on the cusp of flipping to net-long...

MrTrongVo Updated 

The rise in gold prices may be driven by geopolitical tensions in Ukraine and the Middle East, as well as stubborn global inflation. Despite concerns about the delay in the Federal Reserve's easing of US interest rates, investors have focused on protecting themselves against rising price pressures. Now, market attention will turn to the upcoming release of the...

MrTrongVo Updated 

Gold has pulled back a bit in today's Tuesday trading session as it looks like we will continue to try to get higher. Regardless, I think this is a slightly stressed market and it might be worth noting that the relative strength index is well above the 70 level. All in all, I think the $2,200 level below would be an excellent support barrier similar to the 50-day...

MrTrongVo

Historically, gold has been a way of shielding cash from inflation, a way of accumulation. It is enormously valued as a herbal useful resource this is hard to take advantage of and extraordinarily hard to destroy. This valuable steel is utilized in industry, earrings manufacturing and in part for superior technology. About 7% of the gold recovered is used to...

MrTrongVo

Gold examined new highs as gold call for stays robust beforehand of americaA inflation document due out tomorrow. Gold is overbought, however it stays to be visible whether or not buyers will need to withdraw earnings as vital banks retain to shop for gold for reserves. Spot gold hit $2,365.25 on Tuesday, a brand new document excessive amid persisted weak spot...

MrTrongVo

Gold rallied very strongly remaining week, forming a huge bullish candlestick that closed proper on the pinnacle of the weekly fee range. Prices closed at all-time highs in opposition to each foremost currency, even the robust USD. The sharp growth additionally mirrors nearly precisely what took place remaining week. Gold could be very robust proper now, having...

MrTrongVo Updated 

History indicates that once the Fed honestly cuts hobby charges for the primary time, marketplace hobby charges generally tend to transport barely higher (chart above). In fact, it is usually a sale due to the fact the preceding rumor has been believed. But sooner or later because the Fed endured to cut, the 10-12 months yield endured to fall and discovered a...

MrTrongVo Updated 

Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally. Gold is still in an overbought state so there may be more downward momentum in the near future. Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but...

MrTrongVo

Today, April 4, 2024, the sector grew to become down pretty sharply after many consecutive days of peaking. However, with instability withinside the international at the side of robust call for from different countries, the outlook for valuable metals continues to be bright. Finance Banking Gold fee nowadays April 4, 2024 threatens to plummet after many...

MrTrongVo

constantly skyrocketing, breaking all records, specialists provide some arguments to explain. Finance and BankingHot: Gold charge exceeds 2,three hundred USD/ounce, why? Yen Nguyen • April 4, 2024 07:01 Gold charge constantly skyrockets, breaking all records, specialists provide some arguments to explain . Gold increases, gold charges "peak"... had been...

MrTrongVo Updated 

Hopes for an early Fed price reduce had been dashed once more on Monday after upbeat records became launched from the US. The ISM production PMI rose greater than predicted in March, mountain climbing above 50 into enlargement territory for the primary time considering September 2022. Furthermore, the fees paid index additionally rose, accomplishing its maximum...

MrTrongVo Updated 

The private intake expenditures (PCE) fee index, which the Fed makes use of to set its 2% inflation target, rose at a 2.5% annual price in February, up from 2.4% visible in January. Core inflation, which strips out risky meals and electricity prices, rose 2.8%, down barely from a revised 2.9% boom in January. Neither parent is possibly to reinforce growth. boosted...

MrTrongVo Updated 

PCE inflation measures for December and January had been raised, signaling that inflation changed into worse than to start with estimated. For example, the center index alternate changed into revised to 0.5% in January, up from the formerly mentioned 0.4%. To apprehend the importance of the upward push in inflation, it's miles crucial to don't forget that the...

MrTrongVo Updated 

Investors are watching for US financial records to be launched later this week to greater definitely decide whilst americaA Federal Reserve (Fed) will start its hobby fee discount cycle. Recently, indicators have end up an increasing number of clearer approximately the opportunity that the Fed will lessen hobby quotes at its assembly in June. According to...

MrTrongVo Updated 

At the stop of the buying and selling consultation on March 27, the spot gold settlement expanded 0.5% to 2,189.89 USD/oz. Gold futures contracts introduced 0.6% to 2,212.7 USD/oz. Core US non-public intake expenditures (PCE) fee index statistics for February might be launched on March 29. This index expanded 0.3% in January 2024. “We must see whether or not US...

MrTrongVo Updated 

Gold awaits PCE information - the Fed`s desired inflation measure - due out this Friday. This information is broadly anticipated to persuade the Fed's outlook on hobby quotes. Gold is anticipated to stand a few resistance withinside the close to term, in particular if difficult inflation information indicates the Fed's plans to reduce hobby quotes this yr can be...

MrTrongVo Updated 

World gold charges elevated with spot gold growing via way of means of 7.five USD to 2,170.eight USD/ounce. Gold futures remaining traded at 2,173 USD/ounce, up 13.2 USD as compared to the day prior to this morning. Prices for the yellow steel rose barely in early buying and selling as traders awaited key financial information and feedback from US Federal Reserve...