XAU / USD trend forecast September 16, 2024 Traders lifted bets for an oversized interest rate cut by the Federal Reserve amid signs that inflation in the US is subsiding, which continues to act as a tailwind for the non-yielding yellow metal. According to the CME Group's FedWatch Tool, the current market pricing indicates over a 50% chance that the US central...
✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024 🔥 World situation: Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) held onto modest gains early Friday, trading near the record high of $2,565-$2,570. Thursday’s softer US Producer Price Index (PPI) report signaled easing inflation, boosting expectations of a larger Fed rate cut next week. This was supported by falling US Treasury yields and a...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) have pared some intraday gains but remain above the $2,500 mark during early European trading on Thursday. Wednesday's US Consumer Price Index (CPI) report showed persistent inflation, dampening hopes for a larger Fed rate cut. This boosted US Treasury yields and the Dollar,...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) have maintained a positive trend for the third consecutive day on Wednesday, hovering near the weekly high around $2,520. However, buying momentum is limited as traders await the US Consumer Price Index (CPI) data later in the day. This report will be crucial in shaping...
XAU / USD trend forecast September 10, 2024 Gold (XAU/USD) is exchanging hands above $2,500 on Tuesday, sticking within its familiar range of the last few weeks as traders assess the outlook for monetary policy and the future path of interest rates in the US, a key performance indicator for Gold. Recent mixed US jobs’ data brought into doubt market expectations...
XAU / USD trend forecast August 29, 2024 "Gold prices (XAU/USD) are recovering on Thursday after hitting weekly lows below $2,500 per troy ounce. Expectations of US interest rate cuts could boost gold demand, as lower rates decrease the opportunity cost of holding non-yielding assets like gold. Political uncertainty in the US, geopolitical tensions in the Middle...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices surged past $2,500 per ounce on Wednesday, driven by rising tensions in the Middle East. Fed Chair Jerome Powell's recent comments at Jackson Hole, hinting at imminent rate cuts, also boosted the metal, as lower rates make gold more appealing by reducing the cost of holding it. Investors...
The Gold price (XAU/USD) trades with mild losses near the $2,500 psychological support on Monday. However, the downside of the precious metal might be limited amid rising expectations that the US Federal Reserve (Fed) will begin lowering borrowing costs in September. Lower interest rates are generally positive for Gold as it reduces the opportunity cost of holding...
✍️ NOVA hello everyone, Let's comment on gold price next week from 8/26 - 8/30/2024 🔥 World situation: Gold prices rose by over 1% on Friday, reaching $2510, as the US Dollar and Treasury bond yields fell after Federal Reserve Chair Jerome Powell's dovish comments. Powell expressed confidence that inflation is moving towards the 2% target and suggested that...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) saw slight losses on Monday as investors paused after the recent record high, waiting for more clarity on the Federal Reserve's (Fed) policy plans. Attention is now on the release of the July FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) experienced a sharp intraday drop of over 1.5% on Wednesday after coming close to the record high. This decline followed the release of US consumer inflation data, which showed a downward trend in inflation and reinforced expectations for the Federal Reserve (Fed) to begin cutting...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) struggled to build on Thursday's strong 2% gain and edged lower during the Asian session on Friday. A positive mood in global equity markets put some pressure on the safe-haven metal, but various factors should help prevent significant losses. Concerns over a potential Middle East...
✍️ NOVA hello everyone, Let's comment on gold price next week from 8/12 - 8/16/2024 🔥 World situation: Gold prices continued to rise for the second consecutive day as traders remain confident that the Federal Reserve (Fed) might start easing policy at the upcoming September meeting. Rising tensions between Israel, Lebanon, and Iran also support gold ahead of...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price is up on Monday due to a weaker US dollar. The market is reacting to the recent dovish stance from the FOMC and softer US job report. This, along with low US Treasury bond yields and a weak US dollar, is supporting gold prices. Geopolitical tensions in the Middle East are also boosting gold...
✍️ NOVA hello everyone, Let's comment on gold price next week from 8/5 - 8/9/2024 🔥 World situation: Gold prices are under pressure after hitting a two-week high of $2,477 earlier during the North American session. Data showed that the US jobs market feels the effects of higher borrowing costs set by the Federal Reserve as the number of Americans applying...
⭐️ Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price rises to around $2,450 per ounce in Asia on Friday. Traders are waiting for US labor market data for July. Recent data on manufacturing and employment in the US have raised concerns, boosting demand for safe-haven assets like Gold. US ISM Manufacturing PMI fell to 46.8 in July, lower than...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price struggles to rise despite a small increase earlier, trading just below $2,445, almost unchanged today. Investors are more interested in riskier assets due to expectations of the Fed starting to cut rates soon, leading to a positive stock market and weakening demand for gold. The Gold price...