HL-TradingFX

HL-TradingFX

Gold prices fell during the midday trading session in the US on Thursday following the better-than-expected ADP employment report, which showed double the expected increase in job numbers. The report pushed the US dollar index up from its overnight low and also raised US bond yields. In the end, August gold dropped by $10.50 to $1,916. The June ADP report in the...

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Gold prices in Asian trading on Wednesday dropped below the modest gains from the previous day, hovering around the $1,930-$1,931 range or weekly highs. The precious metal traded around $1,924-$1,923, a decrease of less than 0.10% for the day, as traders eagerly awaited the latest monetary policy meeting minutes from the Fed. The Fed has indicated the need for a...

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The gold market surged to new highs after the U.S. manufacturing sector contracted for the eighth month in a row in June. The Institute for Supply Management (ISM) manufacturing index dropped to 46%, below the expected 47.2%. This index measures economic growth, with readings above 50% indicating growth. In April, there was a sixth consecutive contraction. As a...

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Gold prices ended this week at $1,910, a $17 decrease from the beginning of the week. In June, gold experienced a sharp decline, with spot gold dropping $42.6 and future gold dropping $52.7, marking the worst month since Q3 of last year. Despite briefly dipping below $1,900 this week, gold managed to hold onto this important psychological level and prevent...

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Gold prices have been declining recently due to the possibility of interest rate hikes by the Federal Reserve. The upcoming meeting of the Federal Open Market Committee (FOMC) on July 26 is eagerly awaited by market participants for the central bank's decision. The latest minutes from the previous FOMC meeting showed increasing sentiment among Federal Reserve...

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Gold prices stood at $1,927, increasing by $6 compared to the previous week's closing. The precious metal experienced its strongest percentage decline in four months. Gold is facing downward pressure due to a stronger USD and the cautious stance of US Federal Reserve officials, with no signs of recovery yet. Kitco's gold survey this week shows a decrease in...

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The global gold price is currently at $1,924, a decrease of $2 compared to the same time yesterday. The gold market is being hindered by recent positive monetary policies from central banks. Gold is expected to end June with a decrease of around $47, marking the worst month since February. The precious metal is reacting to the continued hawkish rhetoric from...

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World gold price stood at $1,905, down $10 from the same hour last morning. Gold price is still finding the bottom of 3.5 months. Gold prices are heading for the second consecutive month of decline. The safe-haven role of precious metals has become blurred due to the resilience of the US economy. Even the complicated situation in Russia cannot support gold...

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Gold prices slightly decreased during Thursday's midday trading session but remained higher than the daily low. The metal reached its lowest point in 3.5 months overnight. Positive economic data from the US, including higher US dollar index and increased US Treasury bond yields, have put pressure on gold. The August gold contract dropped $4.8 to $1,917. Final US...

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The world gold price stood at $1,915, down $12 compared to the same hour last morning. Rising bond yields have put downward pressure on gold. This morning, the yield on the US 10 Treasury note rose to 3.83%, increasing the opportunity cost of holding non-yielding assets like gold. Experts forecast gold has a risk of falling to $ 1,900 / ounce in the short term...

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Gold prices hit a three-month low in midday trading on Thursday in the US. Central banks are still focused on their monetary policies this weekend. This trend of falling prices is due to both reduced demand and the increasing attractiveness of government bonds as bond yields rise. In the end, gold for August dropped by $19 to $1,925. The central bank of Norway...

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The red flags have been mounting in gold for a few weeks now - and likely to no surprise to regular readers, my opinion continues to reflect caution; today, more so than over the last month. The below daily chart shows the rejection at the prior upward trendline proving itself stiff. The $1930 spot is once again broken to the downside, and daily momentum looks on...

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World gold prices stand at $1,947, a $10 decrease from yesterday morning. The question now is what will cause gold to break out of the trading range between $1,940 and $1,980, as last week's economic events failed to meet expectations. The recovery of the USD has put pressure on gold. This morning, the US Dollar Index, which measures the fluctuation of the...

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Gold prices could remain in neutral territory in the near term, unable to push to $2,000 an ounce as the marketplace sees lackluster bullish sentiment. While gold prices are ending the week in neutral territory, bouncing from a three-month low following the Fed decision, analysts are not expecting to see any significant price action in the near term. Need to get...

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The current global gold price stands at $1,961, a strong increase of $26 compared to yesterday morning. After a sharp decline yesterday, gold has regained its position by rising significantly since last night. This has made experts more optimistic about gold, with forecasts that the precious metal will sustainably rise above $2,000. Recently, experts from the...

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Gold prices are preparing for another important event - the US Federal Reserve's (Fed) day. The rising yields of US Treasury bonds are causing the US dollar to weaken, allowing gold prices to rise slightly. The US Bureau of Labor Statistics (BLS) reported on Tuesday that the US Consumer Price Index (CPI) increased by only 0.1% in the month, resulting in a sharp...

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Gold prices continued to drop significantly this morning, with spot gold falling $13.4 to $1,943 and August futures trading at $1,956, down $14 from the previous day. This decline is due to reevaluation of rate expectations after the Fed's decision last week. The latest inflation report shows a mixed outlook for the US. While the CPI index has dropped to a low of...

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Gold prices fell during the midday trading session in the US on Monday due to a strong US dollar index, a sharp drop in crude oil prices, and an increase in US Treasury bond yields. The market is relatively calm before the Federal Reserve's FOMC meeting, which will end on Wednesday with Chairman Powell's statement and press conference. Despite earlier...