MarcPforex

MarcPforex Updated 

Today, the spot price of gold stands at around $2,327 per ounce, a slight increase of $1 per ounce compared to the end of last week. A survey of 12 analysts reveals that 4 experts (33%) predict a rise in gold prices, 2 analysts foresee a decrease, and the remaining 6 expect prices to remain stable. Currently, gold is trading within a relatively narrow range and...

MarcPforex Updated 

At the start of today's trading session, gold prices continue to rise, driven by strong investor demand. Additionally, the precious metals market is bolstered by a weakening USD and a slight increase in crude oil prices. At the time of writing, gold is hovering around $2,332, up $6 from the same time in the previous session. The gold market is currently in a...

MarcPforex Updated 

World gold prices stabilized with gold down 2.4 USD and trading around 2,330.2 USD/ounce. Rising US Treasury yields and a stronger dollar have put pressure on precious metals as markets await reports for more clues on the US Federal Reserve's (Fed) interest rate path. The market is currently waiting for non-farm employment data to know whether the US labor...

MarcPforex Updated 

EUR/USD spent Tuesday in a ranging pattern, hovering just below 1.075 as the pair struggled to find momentum. Currently, this currency pair is moving around the EMA 34 and 89, so there will be little fluctuation during this time. However, short-term price momentum is still visible with the trendline and price wedge recovering. EURUSD's next moves will focus on...

MarcPforex Updated 

The slight rise in the US Dollar (USD) has led the USD Index (DXY) to register a modest gain, remaining close to the 106.00 mark at the start of the week. However, this modest increase in the greenback has caused the EUR/USD pair to lose some of its previous strong gains, falling back to near a multi-day high around 1.0780. In the short term, the recent rate cut...