The record rise in gold prices is a sign that investors are worried that the Fed will not be able to control inflation when it starts cutting interest rates. Investors should wait for a pullback before buying. Gold may return to the price of 2,150 USD and will attract a number of new investors. The upward trend of world gold prices continues as the market is...
CME's FedWatch probability indicator shows that there is a 62% chance that the US Federal Reserve (Fed) will cut interest rates in June. Lower interest rates often weaken the USD, making gold more attractive for investors holding other currencies. Another important factor contributing to the rise in gold prices is the continued purchase of physical gold by...
as Middle East geopolitical tensions persisted but then fell back as the USD recovered. In the context of investors maintaining caution, precious metals are unlikely to break out before the release of the FOMC minutes and the US CPI on Thursday. The USD did not fluctuate much when the US market was closed for the President's Day holiday
The path back to target inflation, like the path to a soft landing, is always narrow and treacherous. And there are some worrying developments that could shake up the “endless deflation” the US has experienced over the past few months, potentially pushing back policy easing beyond March. Favorable financial conditions: a leading indicator of real GDP, which has...
Gold prices fell sharply after US government bond yields surpassed an important resistance level along with the market reassessing the Fed's interest rate outlook. The 10-year US government bond yield has now increased above the psychological level of 4.0%, which has helped the US dollar increase sharply compared to most other currencies. This also caused a strong...
Gold prices continued to increase in the early trading sessions of the week thanks to escalating tensions in the war in the Middle East. Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market...
XAU is creating a very clear uptrend due to the Middle East conflict and news of US interest rate cuts It is predicted that in the future, gold will continue to increase, but currently there will be a rebound Everyone needs to trade carefully with full SL and TP
The USD decreased in the last trading session The US Federal Reserve (Fed) may begin cutting interest rates when inflation falls closer to the US Central Bank's 2% target. However, trading volumes fell after Christmas as some markets remained closed for the holidays. Many traders globally also take a holiday until Tet. The greenback is on track for its worst...
Gold price, after overcoming the resistance zone at $2,050/oz, continued to increase in the trading session after the Christmas holiday to $2,065/oz, thanks to the weakness of the US dollar. This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to...
after the US Federal Reserve signaled interest rate cuts are coming next year In addition to central bank meetings, investors will likely keep an eye on the European Union leaders' summit in Brussels, starting next Thursday. The summit comes at a critical time for Ukraine, as the Biden administration has so far failed to get a $60 billion aid package through...
XAU has grown in the past three weeks. Experts predict that XAU will continue to grow in the near future. If it surpasses the 2008 threshold, XAU will still grow greatly. According to the minutes of the two-day (October 31-November 1) monetary policy meeting released on November 21, US Federal Reserve officials acted cautiously and did not intend to raise...
Following the Canadian CPI report and related FOMC minutes, the Canadian dollar remained unchanged from its base of 1.3700. In case you missed the data, both headline and core inflation are down slightly, potentially leading the Bank of Canada (BoC) to take a more neutral/accommodative stance. Central bank governor Tiff Macklem is speaking out, and given his...
According to experts, the world price of EURUSD suddenly increased sharply due to recent positive inflation data and the weakening of the USD. There is a high possibility that the EURUSD price has run ahead of the news of the meeting minutes of the US Federal Reserve (Fed) announced tomorrow morning. The USD continues to weaken as the market believes that the Fed...
Gold rose higher after the fund bought 13 tons Gold will likely continue to rise on November 21 but there will be a recovery Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar...
Data released last week raised hopes that the Fed could begin easing monetary conditions sooner than expected after the job market slowed and price inflation showed signs of cooling. Lower interest rates put downward pressure on the dollar and bond yields, increasing the appeal of non-interest-bearing bullion. The decline in the DXY index paused last week. Last...
Similar to NZDCAD, NZDUSD has shown signs of breaking out of the downtrend on the H1 frame, refer to the Buy strategy at current price 0.6040, stop loss 0.5990, target 0.6150.
Gold just posted a massive rally of over 2% last week. Experts predict less dramatic price movements in the coming days, given the sharp and sudden movements in gold prices over the past month. Daniel Pavilonis, senior commodity broker at RJO Futures, said he expects gold to continue to consolidate for an extended period of time as geopolitical risks reduce...
Weak economic data, along with CPI and PPI data released earlier this week, reinforced the view that the Fed's rate hike cycle is over. This has strongly affected US government bond yields and caused the 10-year government bond yield to fall below 4.45%, approaching the lowest level since the end of September. With the market expecting the Fed to gradually loosen...