OANDA:XAUUSD recovered after a slight decline when the latest US CPI report dampened expectations that the Federal Reserve will cut interest rates sharply next month. The U.S. Bureau of Labor Statistics released a report Wednesday saying the U.S. Consumer Price Index (CPI) rose 0.2% month-over-month and 2.9% year-over-year in July. Economists surveyed...
The US dollar and US bond yields rose slightly after US producer price data reinforced hopes of a Federal Reserve rate cut in September, while gold prices hovered near highs all-time record set in July. OANDA:XAUUSD attracted some profit-taking as it approached monthly highs tested earlier on Tuesday and pared Monday's sharp gain of more than 1%. Overall...
On the Asian market on Tuesday (August 13), gold was delivered immediately OANDA:XAUUSD A slight decrease after a pressure increase close to the all-time peak is the price increase target sent to readers recently. Concerns about escalating tensions in the Middle East have fueled safe-haven buying, with gold now aiming for $2,500 an ounce once its all-time peak...
OANDA:XAUUSD closed slightly down last week, but a recovery over the past two trading days has helped gold prices narrow their losses this week. Investors will receive US CPI and retail sales data next week, which is expected to cause major fluctuations in the gold market. In addition, developments in the Middle East are also the focus of investors' attention....
Early in the Asian trading session on August 9, OANDA:XAUUSD slightly down about 5dollars, currently trading at 2,421USD/oz, equivalent to 0.23% on the day. Gold had earlier rallied on Thursday, supported by solid safe-haven demand and growing expectations that the Federal Reserve would cut interest rates sharply in September. Spot gold closed trading on...
As market expectations of the Federal Reserve adopting easing policies continue to solidify, higher US Dollar and US Treasury bond yields have sent gold into a correction cycle. significantly reduced. However, bets on a US interest rate cut in September continuing to increase as well as rising geopolitical tensions in the Middle East will still be a solid...
A sharp shift in Japan's monetary policy, geopolitical tensions in the Middle East and disappointing US jobs data have pressured global markets since last Friday. . The yen's rapid rise began last Wednesday, when the Bank of Japan raised interest rates and laid out a plan to gradually taper its bond-buying program. The US dollar fell nearly 5% against the yen...
OANDA:XAUUSD Right at the opening session (August 7), it decreased by 5Dollar to 2,384USD, equivalent to a decrease of 0.25% on the day, as of the time this article was completed. The strength of the US Dollar and US Treasury bond interest rates are the main reasons leading to the sell-off in gold prices. In addition, the recovery in global equity markets has...
This week, the international gold price has continuously increased sharply after opening the week at 2,382 USD/oz due to increasing concerns about the US economic recession and the FED's announcement that it would cut interest rates in September. The gold price climbed to 2,477 USD/oz at one point, but then fell to 2,410 USD/oz and closed at 2,442 USD/oz. The US...
Due to weaker-than-expected US employment data and market expectations of interest rate cuts, OANDA:XAUUSD increased more than 1% at the beginning of last week's trading session when the market took profit. As tensions in the Middle East lead to increased safe-haven demand and expectations of interest rate cuts by the Federal Reserve, gold has become more...
OANDA:XAUUSD recovered to above the original price of 2,400 USD after suffering a general decline in the market during the bloody trading session on August 5. In general, in terms of basic and technical trends, the uptrend for gold prices is still will prevail. Investors flocked to safe-haven assets and bet that the Federal Reserve now needs to sharply cut...
OANDA:XAUUSD continues to trade with an uptrend, heading towards all-time levels as markets eye upcoming US nonfarm payrolls data, to be released today (Friday) this week. FED Although the US Federal Reserve kept interest rates unchanged at its policy meeting on Wednesday, Chairman Jerome Powell said rates could be cut in September if the US economy grows as...
OANDA:XAUUSD decreased during the trading session on Friday (August 2), because investors took profits after this precious metal had a sharp increase in price during the trading session. Analysts believe that gold prices may soon exceed 2,500 USD/oz because the risk of a US economic recession may cause the Federal Reserve (Fed) to cut interest rates more strongly...
After the Federal Reserve decided to keep interest rates unchanged, OANDA:XAUUSD surged toward all-time highs. Federal Reserve Chairman Jerome Powell suggested that US jobs data will begin to play an important role in setting monetary policy. Economic data U.S. economic data showed private hiring slowed in July, according to ADP's latest jobs change report....
USDJPY continued its upward trajectory on Monday, consolidating above the 156.00 handle. Should this momentum pick up later in the week, resistance appears at 158.00, followed by 160.00. It's important to exercise caution with any ascent towards these levels, considering the possibility of FX intervention by Japanese authorities to bolster the yen. Such a move...
Japanese officials recently intervened in the foreign exchange market as the USD/JPY exchange rate approached the 160 level. However, this time the upward movement has been more gradual and less volatile, prompting no action from Japanese officials. The USD/JPY pair is currently trading above 157.00 and has rebounded strongly off the 50-day SMA in early May. The...
The risk of Japan raising interest rates combined with recent suspected intervention in the foreign exchange market has supported the Yen's recovery. If US second quarter GDP and June PCE data are unimpressive then OANDA:USDJPY is expected to continue to decrease. Even though S&P Global announced on the same day that the US Composite Purchasing Managers' Index...
Traders are preparing for a series of market events this weekend, including policy decisions from the Federal Reserve, Bank of Japan and Bank of England, as well as Friday's jobs report. Six of the United States. The yen is recovering significantly mainly because of growing market expectations that the Bank of Japan will raise interest rates this week and some...