After reaching a one-month high on the first day of September 2023, the global spot gold price hovered around $1,930 per ounce. Traders' and investors' risk appetite plunged to its lowest level in a short trading week on the back of US holidays and news about the Chinese economy.
History shows that September and October can be volatile for stock and financial...
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...
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...
EUR/USD reverses from the weekly top while posting the first daily loss in three around 1.0860. The Euro pair marks the trader’s positioning for the top-tier German and the US data.
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...
SOUTHBANK breakout - bullish momentum
chart analysis
1) long time resistance is now converted into a support region
2) Breakout - consolidation - breakout
this is just a view and trade at your own risk
Since that meeting, key data has shown that price and wage pressures continue to ease, which should reinforce the possibility of an end to rate hikes. Even so, strong indicators of labor market activity and consumer spending could also make policymakers uneasy about the outlook for inflation to continue to ease.
World gold still traded at the lowest level within...
World gold price in the early morning increased slightly with spot gold up 2.7 USD to 1,894.3 USD/ounce. Gold futures in December last traded at $1,923.7 per ounce, up $0.7 from dawn yesterday.
World gold still traded at the lowest level within 5 months in the first session of the week. The precious metal's rally is still being capped by rising US Treasury...
In the world market, spot gold price on Kitco floor on August 19 (at 2pm, Vietnam time) traded at 1,889 USD/ounce.
The world gold market was under pressure due to the increase in US Treasury bond yields and the USD index. Yields on 10-year US Treasuries hit their highest level in 15 years. The USD index recorded a 9-week high, closing the session at 103...
The world gold price this morning continued its downward trend with spot gold down 2.5 USD to 1,888.9 USD/ounce. Gold futures in December last traded at $1,919.1 an ounce, down $9.2 from the previous morning. World gold continued to trade at a 5-month low as bond yields continued to rise after the minutes of the July monetary policy meeting of the US Federal...
The gold price trend forecast, despite short-term selling pressure, said analysts at Australia-based bank ANZ maintain their medium to long-term bullish outlook for the metal. precious type. Daniel Hynes, senior commodity strategist at ANZ, said that while he cannot rule out a drop below $1,900 an ounce, he sees signs of solid support in the market.
While ANZ...
The gold price trend forecast, despite short-term selling pressure, said analysts at Australia-based bank ANZ maintain their medium to long-term bullish outlook for the metal. precious type. Daniel Hynes, senior commodity strategist at ANZ, said that while he cannot rule out a drop below $1,900 an ounce, he sees signs of solid support in the market.
While ANZ...
World gold price this morning continued its downward trend with spot gold down 10.2 USD to 1,891.4 USD/ounce. December gold futures last traded at $1,928.3 per ounce, down $6.9 from the previous morning.
Gold trades near a six-month low after the minutes of the central bank's July monetary policy meeting were released. The minutes showed that the US Federal...
World gold price this morning continued its downward trend with spot gold down 10.2 USD to 1,891.4 USD/ounce. December gold futures last traded at $1,928.3 per ounce, down $6.9 from the previous morning.
Gold trades near a six-month low after the minutes of the central bank's July monetary policy meeting were released. The minutes showed that the US Federal...
On the world market, the spot gold price on the Kitco floor at 9:46 pm on August 15, Vietnam time was at 1,906.4 USD per ounce. Gold futures are trading at $1,939.5 an ounce.
Gold held its fall below $1910/oz on Wednesday, hovering near a seven-week low as stronger-than-expected US retail sales data supported the Reserve's ability to hold prices. Federal. higher...
The radiant world gold price now continued to decline slightly with spot gold down 5.2 USD to 1,901.6 USD/ounce. December gold futures last traded at $1,933.4 per ounce, down $10.6 from the previous morning.
Gold prices are trading at a five-month low, under selling pressure even as the New York Federal Reserve reported a sharp drop in activity in the region's...
The radiant world gold price now continued to decline slightly with spot gold down 5.2 USD to 1,901.6 USD/ounce. December gold futures last traded at $1,933.4 per ounce, down $10.6 from the previous morning.
Gold prices are trading at a five-month low, under selling pressure even as the New York Federal Reserve reported a sharp drop in activity in the region's...
