✨On Friday, gold maintained its position around $2,040 per ounce, marking its third consecutive weekly gain. This uptrend was fueled by softer-than-anticipated US inflation data, which strengthened speculations that the Federal Reserve has concluded its tightening cycle and might initiate interest rate cuts in the coming year.
✨The US PCE price index recorded a...
✨On Tuesday, gold surpassed the $2,010 per ounce mark, reaching its highest levels since May. This ascent was propelled by indications of decelerating economic activity in the US, fostering beliefs that the Federal Reserve may halt interest rate hikes and potentially implement cuts in the coming year.
✨Market sentiments imply a 25% likelihood of the US central...
✨Gold has registered an uptick during the early Asian session. Analysts from Phillip Securities Research suggest that there are indications of market participants betting on the Federal Reserve concluding its cycle of interest-rate increases. The commentary highlights that gold surpassed the significant threshold of $2,000 per ounce on Friday. The potential...
Greetings Folks,
today I have prepared a setup of NSE:IDEA on NSE
the analysis is as follows-
- the price is in retracing mode
- having retraced more than 50% , price is ready to start moving up again
- i am using the support below for entry not the current range support because the price has some imbalance to be filled and just to be on safer side
don't play...
✨Gold slipped below the $2,000 per ounce mark on Wednesday following the release of the latest minutes from the US Federal Reserve. The central bank conveyed a commitment to maintaining a restrictive monetary policy, offering no indication of an imminent reduction in interest rates.
✨According to the minutes, Federal Reserve officials reached a consensus to...
✨On Tuesday, the price of gold surged to approximately $1,990 per ounce, reaching its highest levels since May. This upward trend was primarily driven by a significant drop in the value of the US dollar, as there is a growing anticipation that the US Federal Reserve might initiate interest rate cuts in the coming year.
✨The consensus among analysts is that the...
✨Signs of inflation decelerating more rapidly than expected led to an increase in the value of gold and other precious metals. Traders exhibited caution regarding the possibility of an additional interest rate hike by the Federal Reserve, but this concern diminished as the Fed emerged as a less formidable variable. Peter Cardillo from Spartan Capital Securities...
✨The November delivery of Comex Gold's front-month contract experienced a loss of $1.70 per troy ounce, representing a 0.09% decrease to $1960.10 today.
✨Key Metrics:
- Ends a two-session winning streak
- 4.29% below its 52-week high of $2048.00 on Thursday, May 4, 2023
- Shows a 12.82% increase from its 52-week low of $1737.40 on Monday, Nov. 21, 2022
- Records...
