Daily gold newsGold prices turned around and closed steady on Thursday (Feb. 8) at $2,034 after being hit by selling pressure but plummeted. $2,020 on strengthening dollar and US bond yields It is a factor that pressures the market. After several Fed officials commented that the Fed will not cut interest rates until it is … Read more
Gold prices paused after recording new highs in December, before targeting new highs in 2024. Geopolitical conflicts and historical trends point to a favorable period for gold prices between November and the end of February. Explore different ways to invest in gold, with a particular focus on the use of funds and ETFs, and identify … Read more
With the FOMC set to hibernate until March, it is left to fend for itself amid hawkish (or at least not yet easing) echoes of Jerome Powell’s assertion that the market should not expect rate cuts next year. Well, we already know that, sir. The only advantage that will remain, assuming that the “not yet … Read more
Daily gold newsGold prices on the world market turned back to close positive 18usd/oz, closing at 2,023usd/oz on Thursday, January 19th. This was supported by the United States launching a new attack on Houthi strongholds in Yemen amidst tensions in the Middle East that are likely to intensify. Technical data on gold price trendsThis morning’s … Read more
After today’s impactful economic data announcement, bears gained renewed strength, keeping gold below the crucial support level at $2004. Signals from building permits and initial unemployment claims have reinforced dwindling expectations for an interest rate cut. These economic data led to renewed American strength again during today’s session, which makes it likely that the selling … Read more
Michel Salibi. Senior Financial Markets Analyst at FxPro. The US Federal Reserve keeps interest rates unchanged at 5.5%. He also added that there is not a great possibility that interest rates will be raised further and Fed members are talking about the appropriate date to lower interest rates. He announced that the Federal Reserve had … Read more
It rose a little while ago to breach the psychological barrier of 2000 and is still stable above it at the time of writing this article. Let us quickly review fundamental, technical, and price behavior analysis. Price increases… below the rest of the markets Gold price movement recently · Prices rose on Thursday from the … Read more
Daily gold newsGlobal gold prices closed steady at 1980usd/oz, while rising US bond yields also weighed on the market. Investors also slowed trading ahead of the Thanksgiving holiday and kept an eye on Minutes of the Federal Reserve’s Monetary Policy Committee (FOMC) meeting for Oct. 31-November 1 will be released today. To find signs indicating … Read more
Michel Salibi. Senior Financial Markets Analyst at FxPro. It is heading to record weekly gains amounting to 2.56%, with increasing market bets on the Federal Reserve reaching the end of the monetary tightening cycle, especially with the slowdown in the index and indicator in the United States of America. The consumer price index fell more … Read more
Main • The trading week on the Russian foreign exchange market ends with the ruble overweight: foreign currencies have lost more than a percent since last Friday. There was much more, but so far buyers of the dollar, euro and yuan are resisting. • On the Russian debt market, OFZ prices are rising, their yields … Read more