NicoTradingMaster

NicoTradingMaster Updated 

Gold prices had their best October in nearly half a century, despite strong resistance from rising Treasury yields and a strong US dollar. The yellow metal rose a staggering 7.3% last month, closing at $1,983 an ounce, its strongest October since 1978, when it rose 11.7%. Gold, a non-yielding asset, has historically struggled when bond yields rise. However, an...

NicoTradingMaster

After the latest monetary policy meeting, financial markets reacted to statements from US Federal Reserve Chairman Jerome Powell and the Bank of England (BoE). These reactions led to large changes in bond yields and the value of the dollar. Even though the Fed maintained its hawkish stance after the Federal Open Market Committee (FOMC) meeting, markets tended to...

NicoTradingMaster

GOLD will go down after the previous period of strong war influence. To start a new surge in the nearest future as the war spreads more and more. The US Dollar Index fell to a two-month low of 104.94 while the benchmark 10-year US Treasury yield extended its sell-off, hitting a new five-week high below the key 4.50 level. %. The tapering of the Fed's hawkish bets...

NicoTradingMaster Updated 

Gold prices drop to $2,000 due to market risks from widespread war in Gaza Although a pause in rate hikes was announced at the Fed meeting, interest rates are likely to remain at their current high levels for an extended period of time. H4 gold price shows an ascending triangle pattern The U.S. dollar index fell to a two-month low of 104.94, and the benchmark...

NicoTradingMaster Updated 

Israeli forces have entered Gaza City, ending a siege in areas where the main forces of the Palestinian militant group Hamas are based. However, you will face many challenges when fighting in the city. The city is overcrowded. At the close of trading on November 2, oil prices rose more than $2, ending a three-day losing streak as risk appetite returned in...

NicoTradingMaster Updated 

Gold tried to move above $2000 but it was almost impossible and there is now a deep decline Today's drop to $6.80 may seem insignificant, but given the fact that gold prices have managed to break above $2,000, this is actually significant. That simply isn't happening despite the escalating situation in the Middle East. Gold is likely to peak with an RSI near 70...

NicoTradingMaster Updated 

Demand for gold declined in the third quarter. China's central bank is the world's biggest buyer Global over-the-counter gold demand fell year-on-year in the third quarter of 2023, down 6% from 2022 figures, as central bank purchases fell year-on-year. In the July-September period, central bank demand reached 1,147.5 tonnes, 8% above the five-year average but...

NicoTradingMaster

The industry's strong performance in the first half of this year was due to investments from the Middle East, Turkey and China, the report added. Gold ETFs lost 139 tonnes in the third quarter, but the outflow was smaller than -244 tonnes in Q3 2022. Investment demand in the third quarter was 157 tonnes, up 56% year-on-year, but still weak compared to the...

NicoTradingMaster Updated 

World gold prices are supported by the need for safe haven capital in the context of Israel expanding its military operations on the ground to attack the Hamas group. This could make conflict more widespread in the Middle East region The focus this week is on investors eyeing the Fed's two-day monetary policy meeting and the US monthly jobs report on Friday. They...

NicoTradingMaster Updated 

US Dollar, Swiss Franc, US Treasury and Gold; When you think of a safe haven as a store of value during times of economic and market turmoil, these are the names that immediately come to mind. However, amid current geopolitical tensions, gold has emerged as the only name to claim its reputation, coming at a time when the US dollar and Treasuries are looking...

NicoTradingMaster Updated 

Gold traded near $2,000 an ounce on Friday after crossing the threshold for the first time since May as Israel's ground offensive on Gaza appears to be more cautious than initially announced. Gold bullion fell after rising 1.1% on Friday as Israel ramped up ground operations. Israel has been sending troops and tanks to the northern Gaza Strip in the so-called...

NicoTradingMaster Updated 

The war escalated and reached its climax There has been a US air strike in Syria and developments may be more complicated Experts are suggesting that the war could spread throughout the returning countries Meanwhile, the gold situation is very positive as gold increased sharply to a peak above 2000 Today, gold has a cooling cycle but is still relatively unstable...

NicoTradingMaster Updated 

Global gold prices rose slightly this morning, with spot gold prices up $4.3 to $1,983.9 per ounce. Gold futures traded at 1,997.4 dollars per ounce, up 2.5 dollars from the previous morning. Global gold prices rose slightly this morning compared to yesterday morning, but remained well below the day's highs as a newly released report showed the strength of the US...

NicoTradingMaster

In a year when the US economy beat all recession forecasts, budget ferocity has nearly doubled, and weak budget guidance has been found to be almost more lethal than interstate budget wars. faction in Washington. The government decimated $2.02 billion in the fiscal year through September, after adjusting to remove the impact of President Joe Biden's student debt...

NicoTradingMaster Updated 

The world's gold price today, October 25, is in turmoil as the USD rises sharply, crude oil prices go down, and US bond yields heat up. Gold prices today fluctuated violently as financial investment increased the need to hold "greenbacks". This helped the USD Index increase to 106.27 points, creating momentum for the USD to increase in price very strongly...

NicoTradingMaster Updated 

The dollar index fell below 105.5 on Tuesday, its lowest in a month, as U.S. Treasury yields fell as investors continued to assess the outlook for the Federal Reserve's monetary policy. . The benchmark 10-year Treasury yield fell from 5% on Monday after Pershing Square's Bill Ackman said he hedged short positions in bonds due to geopolitical risks on the day. ....

NicoTradingMaster Updated 

Gold fell back after facing strong resistance near the $2,000 level. After a strong rebound from October lows, gold fell again as traders pared back gains. The RSI has recently moved into calm territory, giving gold plenty of room to gain further bullish momentum if the right catalysts occur.

NicoTradingMaster Updated 

Gold prices are currently trading around $1,975, retreating from near $2,000. Federal Reserve Chairman Jerome Powell and other Fed officials have indicated that interest rates will remain stable at the November meeting. Geopolitical tensions continue to weigh on markets, leading to an outflow of safe-haven assets like gold. Market participants will focus on US...