HamedMarkets

HamedMarkets Updated 

Traders! Gold is making new lows and there are a number of reasons for that. Price after Friday's sell-off is returning to the downtrend boundary, which determines our medium-term outlook. So why is gold falling? The market is negatively affected by the strengthening of the dollar, due to positive Nonfarm Payrolls for the US market, which usually shapes the...

HamedMarkets Updated 

The current situation: On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly. Impact factors: -Global monetary and economic policy: Investors are expecting...

HamedMarkets Updated 

Fundamentally, gold is under dual pressure from both the US and China, which are noted as two very important fundamental impacts on gold prices. On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial...