The Federal Reserve's upcoming FOMC meeting may result in a temporary pause in raising interest rates for the first time in 10 meetings. However, inflation remains high and has increased further, as shown in the latest PCE report.
The US economy created 339,000 new jobs in May, but the unemployment rate rose to 3.7%. The Congressional Budget Office predicts that...
Gold prices fell during Wednesday's midday trading in the US due to weak economic data from China, suggesting a global economic slowdown that could reduce demand for the precious metal.
The increase in US Treasury bond yields also had a negative impact on safe-haven metals. China's exports have declined more than expected, falling 7.5% in May compared to the...
Gold prices were steady during midday trading on Tuesday in the US, with a slight increase of $5.10 to $1,979 per ounce due to some light safe-haven demand. The demand was caused by news of a dam and a large power plant explosion in Ukraine, which has raised concerns about crop and food damage.
This situation is seen as a significant escalation in the...
Gold prices are currently at $1,965, a slight increase of $6 from yesterday. If the support level below $1,950 is broken, the precious metal may drop sharply to $1,880.
Last month, gold dropped below $2,000 due to the relatively healthy economic sentiment that continues to support the Fed's positive monetary policy stance. However, in recent weeks, gold has held...
Gold price drops to retest its earlier low of $1,959 due to recent lack of catalysts and no statement from the Fed before the FOMC shutdown. The US big banks need to hold more capital to tackle the landing crisis, which is impacting the sentiment and Gold price.
The rising geopolitical tensions between Russia and Ukraine and concerns about hostilities between...
Gold market rebounded strongly from the support level just above $1,950. August gold futures traded at $1,976, up 0.35% on the day. Gold saw new safe-haven demand when US service sector activity fell more than expected in May.
Disappointing economic data may force the Fed to end interest rate hikes. The market sees over an 85% chance that the Fed will keep...
NG Getting Ready for 192 ??
Creating Ascending Triangle Pattern.
Also Buy Confirmation Near Channel Bottom .
Good Opportunity To Go Long Upon Confirmation
Target 192
Gold is about to form head and shoulder pattern so all buyers will came
Firstly they trap sellers who enter at breakdown after breakdown it rally and make head and shoulder otherwise they trap her nor they trap head and shoulder buyers
Gold price extends rebound from an 11-week-old horizontal support zone, as well as the 100-DMA, as it approaches the 50-DMA hurdle surrounding $1,992. Adding strength to the bullish bias is the metal’s upside break of a one-month-old descending resistance line, now support staying within the aforementioned horizontal region surrounding $1,932-40. Furthermore, the...
NFP report: How Will it Shape the Gold Trend?
Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over?
One fundamental indicator that can help answer this question is the nonfarm payrolls, due to be...
