SantaTradeGold

SantaTradeGold Updated 

During the January 2 session, market expectations of the Fed cutting interest rates and geopolitical tensions in the Middle East continued to increase the safe-haven appeal of gold. However, the increase in the DXY index and government bond yields of all terms (with the 10-year yield increasing to 3.93%) may restrain the current upward momentum of precious metals....

SantaTradeGold Updated 

Gold has had wild swings in 2023, rising about 15% from the beginning of the year to May, then falling 13% in October before rising nearly 19% to create a record high in early December. Currently, there are many factors that may affect and cause gold prices to continue to increase in Q1, 2024. Weakness of the USD Gold has an inverse relationship with US...

SantaTradeGold Updated 

Global gold prices rose significantly, supported by a decline in the US dollar price and lower US Treasury yields. The dollar index has fallen nearly 2.9% over the past three months, and the yield on the 10-year U.S. Treasury has fallen about 1.1% since the end of October. At the same time, bond yields and US dollar prices fell, providing double support for...

SantaTradeGold Updated 

If gold can break through resistance, bulls will be in control in the near term. Next target is last week's high of 2,045 and easily reduced Conversely, the seller could target his $2,015 area, then he could target $2,010, then $2,000. If gold successfully tests these supports, it will extend its decline to its 20-day moving average of $1,985, last week's low...

SantaTradeGold Updated 

The Fed's admission that continued subdued inflationary pressures have increased expectations of interest rate cuts, causing bond yields and the dollar to plummet, leading to a rise in the price of XAU The trend of reducing US interest rates is often accompanied by a stronger increase in gold prices and this trend is likely to continue. Experts predict that next...

SantaTradeGold Updated 

Most investors expect gold prices to continue to increase in the near future, while market analysts have a more cautious view. It is forecasted that in the coming time, gold prices may decrease due to the undue impact of expectations that the US Federal Reserve (Fed) will lower interest rates early next year. The US Central Bank will not cut interest rates anytime...

SantaTradeGold Updated 

After the US Federal Reserve announced that it would cut interest rates next year. In addition to the central bank meeting, investors will also be keeping an eye on the European Union (EU) summit, which begins next Thursday in Brussels. The summit comes at a critical time for Ukraine, as the Biden administration has so far failed to pass a $60 billion aid...

SantaTradeGold Updated 

After the US Federal Reserve's last monetary policy meeting in 2023, global gold prices rose. Gold price exceeds $2,000 The Fed's admission that inflationary pressures continue to ease has raised expectations for rate cuts, leading to a sharp fall in yields and the dollar, but gold prices have also risen. The current upward trend in gold will result in...

SantaTradeGold Updated 

(XAU/USD) fell ahead of the European open on Friday following the release of a better-than-expected US non-farm payrolls (NFP) report. This development reduces investor expectations that the Federal Reserve may cut interest rates soon. US nonfarm payrolls increased month over month, exceeding market expectations. Furthermore, wage inflation accelerated to 0.2%...

SantaTradeGold Updated 

The Fed meeting gave all investors the early Christmas gift they've been waiting for. The Fed is expected to cut interest rates, and the dollar will weaken next year, pushing yields lower. This is truly the golden age of precious metals. Going into 2024, the general environment for physical gold remains favorable and the commodity is expected to make good...

SantaTradeGold Updated 

After exiting the all-time high, the price of gold has continued to decline and is now closer and closer to the psychologically important mark of $2,000. Gold may be under selling pressure in the near future. In the short term, gold is under pressure as the US dollar recovers slightly and oil prices fall, but technical analysis suggests that gold prices are...

SantaTradeGold Updated 

After a high rise at the end of last week, gold is showing signs of falling sharply at the beginning of this week Experts say gold will fall sharply this week The FED has moved to increase interest rates for the USD

SantaTradeGold Updated 

XAU fell sharply after a sharp spike during the week could remain above the 2,000 level in the near term, supported by safe-haven demand due to geopolitical instability concerns, a weaker USD and the possibility of interest rate cuts. In addition, gold is being strongly supported by seasonal factors. According to statistics over the past 6 years, gold has always...

SantaTradeGold Updated 

Gold has increased sharply recently because the FED ended its interest rate hike cycle Specifically increased from 2000 to 2052 Experts predict that gold will continue to increase strongly in the near future because at the end of the year there will be many important news as well as many events during this time.

SantaTradeGold Updated 

The US has ended its interest rate hike cycle XAU will continue to increase in the near future but will encounter resistance at 2052 USD weakens on expectations of the US Federal Reserve (Fed) Combined with the recent decline in US Treasury yields, hopes of a Fed pivot and the decline in the value of the USD, gold is in a favorable position and has the potential...