FoX_PipsPioneer

FoX_PipsPioneer

Gold has not stopped falling when the USD is very strong and US Treasury bond yields are at their highest in 16 years, both of these factors show no signs of decreasing. Metals market bears are jumping on the “higher for longer” US interest rate scenario. Benchmark 10-year Treasury yields are at their highest level since 2007. ✔️ XAUUSD BUY 1820-1822, SL:1918,...

FoX_PipsPioneer

Most Asian currencies were mildly volatile on Friday, as the dollar eased from a 10-month high and Treasury yields fell ahead of key US inflation data due later in the day. Regional currencies have been hit by a jump in the dollar and Treasury yields this week, after tightening signals from the Federal Reserve raised concerns that interest rates of the US will...

FoX_PipsPioneer

The euro suffered a brutal sell-off in September and continued to sell off on Monday after signs of fresh economic trouble in Europe, just as experts warned that the common currency could reach parity. parity with the dollar in the coming months as US interest rates remain higher for longer. The EUR/USD exchange rate fell 0.79% to 1.0487 USD after data showed...

FoX_PipsPioneer

World gold prices continued to decline slightly with spot gold down 5.3 USD to 1,823.1 USD/ounce. Gold futures last traded at 1,839.5 USD/ounce, down 5.1 USD compared to yesterday morning. A strong USD and US Treasury bond yields rising to their highest level in 16 years pushed gold futures prices to a 10-month low in early morning trading this morning (Vietnam...

FoX_PipsPioneer Updated 

World gold prices fell sharply with spot gold down 21.3 USD compared to brightness, falling to 1,828.4 USD/ounce. Gold futures last traded at $1,844.60 an ounce, down $21.50 from the bright spot. The USD reached its highest level in 10 months and US Treasury bond yields increased to their highest level in 16 years, which are factors hindering gold's...

FoX_PipsPioneer

U.S. manufacturing continued to recover in September as employment rebounded, according to a survey by the Institute for Supply Management. In addition, the US Congress issued a temporary budget law last weekend to prevent the risk of a Government shutdown. This act helps allocate funds to ensure the federal government can maintain operations until November 17....

FoX_PipsPioneer

Gold prices have had a difficult week due to the negative impact of the rising US dollar (USD) and climbing US bond yields. Gold prices are expected to end the week at the lowest price in 6.5 months and continue to face many challenges as the US Federal Reserve (Fed) maintains a restrictive monetary policy.

FoX_PipsPioneer

Breaking the 1893 support zone, gold plummeted to 1874 Gold price dropped nearly 40% in just 2 days, this is a huge crisis for XAUUSD traders Is there any chance for gold to return? I am inclined to the trend that gold will return to the 1898-1900 area before plummeting again to form a new "Down Theory". Let's refer to some of the following news: This morning,...

FoX_PipsPioneer

Gold had an uncontrolled downward trend one day when the gold discharge fund made a sudden move to discharge nearly 4 tons of gold. Although all the news is good for gold, it is still not enough for gold to level off. Let's take a look at some news that will affect gold prices right here: Spot gold fell close to the $1,900 mark on Tuesday before recovering...

FoX_PipsPioneer

Gold prices fell as US Treasury bond yields increased and reached their highest level in many years. DXY index reached its highest level in 6.5 months. The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 106.4 points. Daniel Ghali, senior commodity strategist at TD Securities, said investors should pay close...