TrategySherpa

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Since mid-February, gold prices have increased more than 17%, which surprised observers because they could not find any clear motivation for this push. In particular, investors' confidence in the Fed cutting interest rates three times by 25 bps each time is gradually fading and the market is currently only predicting two cuts. According to many experts, the...

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Use of the Fed's international reverse repo facility - which allows international institutions to deposit money and earn interest - has increased by about $32 billion in the past three weeks, reaching a three-month high of $365 billion. The USD continued to decline as the market maintained caution, pushing up EUR, GBP, and AUD. Currently, traders are waiting for...

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Overall, gold continued to show strength last week, especially with a surge to $2,330 at the end of the week despite the stronger-than-expected NFP report. Lingering geopolitical tensions in the Middle East and Ukraine continue to be a driving factor for precious metals. However, later this morning, gold plummeted to $2,303 before recovering and is currently...

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World gold prices today, April 4, continued their upward momentum and conquered new record levels as Fed Chairman Jerome Powell reiterated that recent data shows a solid job market coupled with "persistent" inflation. will not significantly change the overall picture of economic policy this year. Previously, the report published on April 3 (US time) showed that...

TrategySherpa Updated 

World gold costs today, April 4, endured their upward momentum and conquered new document degrees as Fed Chairman Jerome Powell reiterated that current information indicates a strong activity marketplace coupled with "persistent" inflation. will now no longer extensively alternate the general photo of financial coverage this year. Previously, the record posted on...

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The document upward push in gold expenses is an indication that buyers are involved that the Fed will now no longer be capable of manipulate inflation while it begins offevolved slicing hobby rates. Investors ought to watch for a pullback earlier than buying. Gold can also additionally go back to the fee of 2,a hundred and fifty USD and could appeal to quite a...

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The international gold charge has simply set a brand new anciental top whilst it hit 2,260 USD efforts to increase the prevailing streak to 5 consecutive periods on Friday. However, marketplace liquidity is presently low because of the Good Friday vacation mentality of many traders. Gold will become greater appealing to traders as marketplace sentiment leans...

TrategySherpa Updated 

The world gold price has just set a new historic peak when it hit 2,260 USD efforts to extend the winning streak to five consecutive sessions on Friday. However, market liquidity is currently low due to the Good Friday holiday mentality of many investors. Gold becomes more attractive to investors as market sentiment leans towards the scenario of major central...

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XAU maintained its upward momentum and recorded its highest price ever Today, gold had a strong increase in price to above $2,220 thanks to the weakening of the USD/USD. If PCE inflation continues to rise, the Fed may have to adjust its interest rate reduction schedule in 2024. This will lead to a sharp increase in US government bond yields and the USD....

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During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5 There won't be much major news coming out in the near term, so all eyes will be on the US PCE data, released on Friday as traders look...

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Technically, rising April gold futures have a solid overall near-term technical advantage. A 5-week uptrend has been formed. According to senior market analyst Jim Wyckoff, gold's next upside price objective is to produce a close above solid resistance at the record high of $2,225.30. First resistance is seen at the $2,182.50 high and then at $2,188.00, solid...

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Gold is unlikely to reach a new record high before Easter unless there is significant news that strengthens the case for an earlier rate cut. Reaching record highs later this year and gold price forecast The precious grade will reach 2,350 USD/ounce in the first quarter of 2025. Besides, gold prices are also supported by physical demand from households in China....

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XAU rate is fluctuating across the 2070 threshold XAU improved barely because of the weakening of the USD. However, in line with analysts, in reality, the power of the USD is at a excessive stage, inflicting gold to be below a variety of downward pressure, posing many risks. Expert Aakash Doshi, head of commodity studies in North America at CitiBank, stated that...

TrategySherpa Updated 

XAU price is fluctuating around the 2070 threshold XAU increased slightly due to the weakening of the USD. However, according to analysts, in reality, the strength of the USD is at a high level, causing gold to be under a lot of downward pressure, posing many risks. Expert Aakash Doshi, head of commodity research in North America at CitiBank, said that gold prices...

TrategySherpa Updated 

Last week, gold rose sharply after the FOMC meeting but reversed most of the gain after a series of US economic data at the weekend. Last week, gold prices swept in two directions after economic data, especially after the Fed's interest rate policy meeting. The precious metal rose from $2,154 to $2,222 after the "dovish" message from Chairman Powell before turning...

TrategySherpa Updated 

Last week, gold rose sharply after the FOMC assembly however reversed maximum of the benefit after a sequence of US monetary records on the weekend. Last week, gold fees swept in instructions after monetary records, particularly after the Fed`s hobby charge coverage assembly. The treasured steel rose from $2,154 to $2,222 after the "dovish" message from Chairman...

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As Middle East geopolitical tensions continued however then fell again because the USD recovered. In the context of buyers retaining caution, treasured metals are not going to interrupt out earlier than the discharge of the FOMC mins and the United States CPI on Thursday. The USD did now no longer vary a great deal while the United States marketplace turned into...

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Although it increased slightly in the first trading session of the new week, GBP/USD fell back in the US session and is currently trading around 1.2590. The British pound is still being supported by the BoE's hawkish stance along with the fact that neither the UK nor the US have much important economic data this week. On the daily chart, GBP/USD is still trading...