Global gold prices moved slightly, aided by a small depreciation of the US dollar, as market participants grew more confident that the Fed might end its rate hikes.
“The biggest impact on the gold price going forward is the expectation of the first rate cut by the Fed and changes in the pace of rate cuts,” said Craig Earlam, senior market analyst at OANDA. Then...
Gold prices extended their recovery for the third consecutive session and touched $1,950 on Wednesday. This daily increase is due to increased open interest and it suggests that additional profits will emerge in the near future. However, the next important target for the precious metal is the high of USD/troy ounce in July 1987 (July 20).
Our Technical Confluence...
Gold prices were trading at $1,939.6 an ounce this morning as the US market was closed for the Labor Day holiday.
Gold rose more than 1.25% last week as Friday's non-farm payrolls data showed rising unemployment and the ISM manufacturing index showed continued US industrial growth. weakness.
According to Kitco News' latest weekly gold survey, more than two-thirds...
Gold prices were trading at $1,939.6 an ounce this morning as the US market was closed for the Labor Day holiday.
Gold rose more than 1.25% last week as Friday's non-farm payrolls data showed rising unemployment and the ISM manufacturing index showed continued US industrial growth. weakness.
According to Kitco News' latest weekly gold survey, more than two-thirds...
More than two-thirds of retail investors expect precious metal prices to rise, according to Kitco News' latest weekly gold survey. And after weeks of caution and controversy, economic analysts are also optimistic about gold.
Specifically, 64% of Wall Street analysts surveyed expect gold prices to rise this week. Sixty-seven percent of retail investors who took...
Investors' hopes of another rate hike further undermined the precious metal's role as a safety net, and gold continued its 'shocking' decline today. That's why Cleveland Fed Chairman Loretta Mester said the Fed would have to raise interest rates to 4% in early 2023 and hold them there in order to bring inflation down to its target level.
Expectations of higher US...
Spot gold prices have peaked at 1,850 USD/ounce. Then dropped to trade around 1,838 USD/ounce. Also on January 3, US gold futures increased 1% at 1,844.10 USD.
According to CNBC, gold prices have been trending up since the beginning of November 2021 when the market was chaotic.
Mr. Ole Hansen, head of commodity strategy at Saxo Bank (Denmark), commented: "We are...
Data released this week show U.S. economic growth slowing slightly in the second quarter of 2023 from earlier reports, while the number of available jobs in the U.S. fell to low levels. Due to an easing labor market, it is scheduled for July 2023, just under two and a half years later. The dollar index has fallen about 1 percent since the start of the week, U.S....
Gold (XAU/USD) lacks bullish momentum at three-week highs, hovering in the $1,937-38 range by year-end, as traders look for more clues to confirm the dovish trend of gold. The United States Federal Reserve (Fed) globally. Upbeat US data earlier in the day. Also challenging XAU/USD gains are mixed concerns about US-China relations and sluggish US Treasury...
According to Kitco, the world gold price recorded at 5:00 am today in Vietnam time for spot at $1,937,225 per ounce. Converting the current exchange rate at Vietcombank, world gold is about 55,815 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 11,735 million VND/tael.
Gold...
World gold price on Kitco opened the trading session at 1936.6 - 1937.6 USD/ounce. During the weekend session, gold prices fluctuated between 1914 - 1939.2 USD/ounce.
Gold prices hit three-week high. A much weaker-than-expected U.S. job turnover report (JOLTS) and a much weaker-than-expected consumer confidence index boosted buying demand with precious...
Gold prices traded actively for the fourth day in a row on Thursday and are currently hovering just below the $1,920 region, or near a two-week high hit the previous day. However, XAU/USD lacks bullish confidence, needing caution before continuing the recent bounce from the $1,885 region or the lowest since March 13 and hitting this week's top.
Amid worsening...
Gold prices traded near $1,915 per troy ounce during the Asian session on Monday, extending last week's gains. The recent drop in the US Treasury bond yields (US) helped push the yellow metal to recover. Additionally, moderate US economic data released last week along with mixed statements from major central bank officials at the Jackson Hole Symposium,...
According to Kitco, the world gold price recorded at 5:00 am today in Vietnam time for spot at $1,937,225 per ounce. Converting the current exchange rate at Vietcombank, world gold is about 55,815 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 11,735 million VND/tael.
Gold...
Gold price on the world market this afternoon, August 29, fluctuated slightly. The world spot gold price is around $1,922.9/ounce, up $3.10/ounce compared to this morning. December gold futures traded at $1,950.8 per ounce, up $2.8 from this morning.
Forecasting the gold price trend, the latest weekly Gold Survey results of Kitco News show that most retail...
Spot gold rose 0.3 percent to $1,919.41 an ounce. At the same time, US gold futures also increased 0.4 percent to $1,946.80. Accordingly, the depreciation of the dollar has made the price of gold more attractive to holders of other currencies.
Fed Chairman Jerome Powell has said that to contain inflation that is still too high, the central bank may need to raise...
