KevinNguyen-SimpleTrade

KevinNguyen-SimpleTrade

What is happening, and why do investors continue to choose gold in 2025?** Gold prices hit a two-week high Gold has been bolstered by safe-haven buying activity as markets position themselves ahead of the Federal Reserve’s (Fed) interest rate outlook and the upcoming trade tariff policies of U.S. President-elect Donald Trump. Geopolitical factors, including...

KevinNguyen-SimpleTrade Updated 

The strong buying activity of central banks, geopolitical instability, and monetary policy easing have driven gold to break several record highs in 2024. According to analysis and forecasts, the factors supporting gold in 2024 will continue into 2025, although they also highlight potential obstacles from Trump’s policies, which may increase inflation and slow...

KevinNguyen-SimpleTrade

GOLD UNDER PRESSURE DESPITE INCREASED GEOPOLITICAL RISKS The gold market is experiencing an interesting paradox: While the demand for safe-haven assets has surged due to geopolitical tensions and economic uncertainties, gold prices have yet to break out. The primary reason for this is the strengthening US dollar and the cautious stance of the Federal Reserve...

KevinNguyen-SimpleTrade Updated 

As of December 30, 2024, the gold market opened the week with minimal fluctuations, continuing to trade within a sideways price range. The market has been relatively quiet during the final days of the year. This week marks the transition from the old year to the new, and it is anticipated that the market will continue to move within a narrow range with low...

KevinNguyen-SimpleTrade

Japan's Finance Minister: Appropriate Actions to Be Taken for Excessive Exchange Rate Volatility The Minister declined to comment on the likelihood of achieving the basic budget surplus target in the next fiscal year. Recently, he expressed concerns about strong and unilateral exchange rate fluctuations. Stability in exchange rates is crucial, reflecting the...

KevinNguyen-SimpleTrade

Global Gold Prices Rise on Safe-Haven Demand Gold prices rose on Thursday (December 26), buoyed by safe-haven demand amidst low trading volumes following the Christmas holiday. Investors awaited signals regarding the economic policies under the incoming Donald Trump administration and the Federal Reserve's interest rate strategy for 2025. At the close of trading...

KevinNguyen-SimpleTrade Updated 

Gold Rises as Sydney Session Opens: ld increased from 2615 at the opening of the Sydney session and is now approaching the 2628 zone, which had been highlighted earlier as a resistance level for observation. This zone is expected to attract liquidity. Currently, there is some reaction at this level, but traders should carefully watch whether the price has enough...

KevinNguyen-SimpleTrade Updated 

Global Gold Prices Drop Ahead of Christmas Holiday Gold prices edged lower during Monday's subdued holiday trading session, pressured by the strengthening US dollar and rising US Treasury yields, as investors awaited clearer signals on the Federal Reserve's monetary policy direction for 2025. At the close of trading on December 23, spot gold fell by 0.4% to...

KevinNguyen-SimpleTrade Updated 

A Record-Breaking Year for Gold It can be said that in 2024, gold has been the most attractive investment channel, continuously breaking new records both domestically and internationally. Amid geopolitical tensions and forecasts about the social and economic situation, the price of gold is expected to continue rising in 2025. First, there is the increasing...

KevinNguyen-SimpleTrade

U.S. Data Strengthens Market Expectations for the Federal Reserve's Cautious Approach to Policy Easing Next Year Recent data has reinforced market expectations that the U.S. Federal Reserve (Fed) will adopt a cautious approach to policy easing in the coming year. Earlier reports showed that the U.S. economy grew faster than expected in Q3 2024, while...

KevinNguyen-SimpleTrade

Federal Reserve Chairman Jerome Powell stated that policymakers want to see further progress on inflation reduction before considering any future interest rate cuts. Higher interest rates reduce the appeal of assets that do not yield returns. As a result, the U.S. Dollar Index surged more than 1%, reaching its highest level in two years, making gold more...

KevinNguyen-SimpleTrade Updated 

GOLD Weekly Outlook from 16/12 to 20/12/24: Gold has corrected lower this past week as the Dollar and Treasury yields have rebounded as traders are worried that the Fed will cut rates less next year following higher-than-expected manufacturing PPI data, although the odds of a 25bp cut by the Fed in the middle of this week are unchanged. Currently, selling...

KevinNguyen-SimpleTrade Updated 

🤑Gold Trends Forecast December 11 ✔️ Gold continued its impressive upward momentum during yesterday’s session. This was fueled by investor optimism as China expanded its economic stimulus packages, while geopolitical risks in Syria remain despite opposition forces gaining control over some areas. Notably, there has been no news or economic data strong enough to...

KevinNguyen-SimpleTrade

Gold Trends Forecast December 10 • Gold prices rose to a two-week high on Monday (December 9), gaining more than 1% as China's central bank resumed buying the precious metal after a six-month hiatus, with optimism growing on expectations the US Federal Reserve will cut interest rates next week. • "The most important factor is the news that the People's Bank of...

KevinNguyen-SimpleTrade

Gold trend is unlikely to decline sharply, although the US Non Farm News was very good, Gold still bounced 264x, when it fell to the price range of 2626 - 2627. This week, there was quite a lot of news supporting Gold's increase such as: US CPI news may decrease slightly compared to expectations, creating conditions for the FED to continue to reduce interest...

KevinNguyen-SimpleTrade Updated 

🔽Gold prices rose on Wednesday (December 4), after data showed the number of jobs created by the US private sector increased at a moderate pace last month, ahead of a speech by the US Federal Reserve Chairman Jerome Powell later in the day and the official jobs report on December 6. 🔽The ADP report showed that the US private sector created 146,000 jobs last...

KevinNguyen-SimpleTrade

🕯 Gold Trend Forecast for Next Week (December 2 - December 6) 🔽Last week, gold fell $115 from its peak due to geopolitical and economic reasons, the PCE index increased and the Dollar Index increased sharply, causing the gold market to be distributed by PTCB. However, the increasing instability in Russia, Ukraine and the continuous violation of the agreement of...