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short term gold volatility forecastA major US bank, believes that gold is currently a safe investment asset against inflation. They predict that by early 2025, the price of gold could increase to $2,700/ounce, equivalent to VND82 million/tael. Central banks' gold purchases have tripled since mid-2022 due to concerns about US financial sanctions. The upcoming interest rate cut by the US Federal Reserve (Fed) could bring capital from the West back to the gold market, supporting higher gold prices. Geopolitical issues and US public debt also contributed to the increase in gold prices.
TVC:GOLD
by NicoTradingMaster
Expectations that the US Federal Reserve (Fed) will sharply cut US inflation is on the decline, leading observers to expect the US Federal Reserve (Fed) to cut interest rates sharply for the rest of the year. In fact, US inflation remains at 2.9%, far from the Fed's target of 2%. If interest rates are cut too sharply, the monetary easing policy could cause inflation to return quickly. Therefore, as soon as there is a positive signal for the US economy, investors immediately consider the possibility of the Fed delaying the interest rate cut. The USD has a chance to recover.
OANDA:XAUUSD
by NicoTradingMaster
Gold prices edge higher after Fed rate cut possibilityGold traders are calm on the first trading day of the week as there are several important economic events that will impact the price of the precious metal. The USD index has shown strength considering recent data, but gold traders remain optimistic that gold prices will continue to move higher as the precious metal has remained above key levels over the past week. The price of the precious metal has traded above 2,500, a level that many traders consider to be very important for a number of reasons. First, this is an important level because it shows the strength of the overall price trend. Second, gold traders believe that as long as prices continue to trade above these key levels, there is a good chance that they will continue to move higher for the rest of the year.
TVC:GOLD
by NicoTradingMaster
XAU drops around 2500 areaInvestors are worried about the possibility of further declines in gold prices after the US Federal Reserve (Fed) cuts interest rates in September. Recent economic news has led the gold market to shape the high probability of the Fed cutting interest rates by 25 basis points. One of the most worrying things in the short term for gold is that recent positive economic data has prevented the Fed from cutting by 50 basis points in September. One of the big questions for gold investors recently is whether the Fed can cut by 100 basis points after the end of 2024. Therefore, although gold is still trading at a high of $ 2,500 / ounce and may continue to increase, gold investors are hesitant and cannot fully pursue the upward trend of gold prices.
OANDA:XAUUSD
by NicoTradingMaster
XAU is down slightly but still in bullish territoryGold prices surged after Federal Reserve Chairman Jerome Powell spoke. While buyers also are careful approximately how hawkish the Fed will be Caution and profit-taking strain can be elements that save you gold from persevering with to rise. However, many latest forecasts display that the medium and long-time period fashion of gold continues to be pretty bright. Demand for this commodity is forecast to growth. Major finances withinside the global also are growing their gold reserves According to technical analysis, gold charges nevertheless generally tend to growth strongly withinside the quick time period
OANDA:XAUUSD
by NicoTradingMaster
2
Gold faces pressure from investors when in high positionWhile investors are also cautious about how hawkish the Fed will be Caution and profit-taking pressure may be factors that prevent gold from continuing to rise. However, many recent forecasts show that the medium and long-term trend of gold is still quite bright. Demand for this commodity is forecast to increase. Major funds in the world are also increasing their gold reserves According to technical analysis, gold prices still tend to increase strongly in the short term
TVC:GOLD
by TrategySherpa
XAU tends to fall as investors take profitsGold prices surged in the first session of the week after Federal Reserve Chairman Jerome Powell delivered a historic speech at the Jackson Hole conference, marking a reversal in US monetary policy. Accordingly, Mr. Jerome Powell signaled that "it is time to adjust policy", reducing interest rates to support the economy. According to Mr. Powell, inflation has gradually decreased closer to the 2% target, while expressing concerns about the US labor market. The USD immediately fell sharply, thereby pushing gold prices up.
OANDA:XAUUSD
by TrategySherpa
Fed rate cut expectations unlikely to materializeSpot gold rose 0.3% to $2,518.forty seven an oz., barely underneath its preceding top of $2,531.60 an oz. hit closing week. US gold futures additionally rose 0.3% to $2,555.20. Interest charge expectancies and safe-haven call for on Middle East tensions may want to push gold better withinside the quick term, with XAU/USD forecast to go towards $2,six hundred an oz.. China`s latest halt in gold purchases has weighed at the valuable metal. However, Grant stated that although China does now no longer return, primary financial institution call for remains robust and could remain robust.
TVC:GOLD
by TrategySherpa
Rate cut expectations and geopolitical concernsSpot gold rose 0.3% to $2,518.47 an ounce, slightly below its previous peak of $2,531.60 an ounce hit last week. US gold futures also rose 0.3% to $2,555.20. Interest rate expectations and safe-haven demand on Middle East tensions could push gold higher in the short term, with XAU/USD forecast to head towards $2,600 an ounce. China’s recent halt in gold purchases has weighed on the precious metal. However, Grant said that even if China does not return, central bank demand is still strong and will continue to be strong.
OANDA:XAUUSD
by TrategySherpa
Gold likely to hit 2600Gold expenses fell however remained close to their current document highs, supported through a weaker US greenback and growing expectancies of a price reduce on the September assembly following dovish remarks from Federal Reserve Chairman Jerome Powell. Traders have now completely priced in a price reduce subsequent month, with a 64% threat of a 25 foundation factor reduce and a 36% threat of a 50 foundation factor reduce, consistent with the CME FedWatch tool. Zaner Metals senior metals strategist Peter A. Grant stated that price expectancies and safe-haven call for because of issues approximately Middle East tensions may want to push gold expenses better withinside the quick term, and forecasted that XAU/USD may want to pass towards $2,600/ounce.
TVC:GOLD
by NicoTradingMaster
XAU slightly down after US sessionGold prices fell but remained near their recent record highs, supported by a weaker US dollar and rising expectations of a rate cut at the September meeting following dovish comments from Federal Reserve Chairman Jerome Powell. Traders have now fully priced in a rate cut next month, with a 64% chance of a 25 basis point cut and a 36% chance of a 50 basis point cut, according to the CME FedWatch tool. Zaner Metals senior metals strategist Peter A. Grant said that rate expectations and safe-haven demand due to concerns about Middle East tensions could push gold prices higher in the short term, and forecasted that XAU/USD could move towards $2,600/ounce.
OANDA:XAUUSD
by NicoTradingMaster
The gold rally is not over yet, because FEDCurrently, according to the CME FedWatch tool, the market is 36.5% certain that interest rates will be cut by 50 basis points at the monetary policy meeting next month. Experts said that the move to loosen monetary policy will have a negative impact on the USD, which is good support for the upward trend of gold prices. The biggest risk for the precious metal market in the coming time is inflation data, focusing on the US personal consumption expenditure (PCE) index in July. If inflation decreases, it will strengthen the possibility of the Fed easing monetary policy. Conversely, if inflation increases, it will be a drag on precious metals.
TVC:GOLD
by TrategySherpa
XAU price increased in early US sessionWorld gold prices increased, approaching the historical high of 2,531 USD/ounce (set on August 20), due to the demand for safe havens after the military conflict between Israel and Hezbollah last weekend. In addition, experts believe that the gold price increase has not ended yet, because the US Federal Reserve (Fed) is about to begin a monetary policy easing cycle. Recent moves by the Fed show that officials of the US Central Bank clearly support a policy pivot at the next meeting. The Fed Chairman emphasized that it is time to cut interest rates. This information continues to create confidence for investors as the direction of gold prices becomes clearer.
OANDA:XAUUSD
by TrategySherpa
XAU will continue to increase in the coming timesaid the gold market is focused on the Fed's interest rate cut. Since the beginning of the year, gold prices have increased by more than 20%, as investors expect the Fed to cut interest rates soon. "Gold prices are still rising despite high interest rates. Data shows that gold prices have been stable for a long time even before the Fed did not cut interest rates When interest rates decrease, gold tends to increase. Investors see this as a tool to hedge against inflation. The strong gold market is also thanks to central banks actively buying to reduce dependence on the USD. This positively supports gold prices to reach new peaks.
OANDA:XAUUSD
by NicoTradingMaster
XAU price forecast to continue risingkeep an eye on the Fed's next moves The initial jobless claims report and S&P Global PMI data will provide further signals on the health of the US economy. Initial jobless claims for the week ending August 17 are expected to rise to 230K, up slightly from 227K last week. Services activity is expected to contract slightly, while the manufacturing PMI is expected to be flat. The first resistance level for XAU/USD to conquer is the $2,550 area, followed by the $2,600 mark. However, if gold fails to hold above $2,500, key support levels will be at $2,483 (July 17 high), followed by $2,450 (May 20 high). In a stronger bearish scenario, deeper support could be the 50-day simple moving average at $2,395.
OANDA:XAUUSD
by TrategySherpa