World gold prices decreased but still maintained the 2,400 USD/oz mark in the trading session on Friday (July 12) and completed the third consecutive week of increase thanks to expectations that the US Federal Reserve (Fed) will soon interest rate cuts. Some experts predict that gold prices could re-establish an all-time record in the next few days. This week,...
After gold retested the $2,364 level it broke this technical level over the weekend and headed towards the original price point of $2,400. As sent to readers in recent publications, in terms of technical factors, gold price still has enough conditions for a bullish outlook with the main support being noticed at the EMA21 moving average line, The fact that gold...
In the Asian market today, Wednesday (July 10), OANDA:XAUUSD Spot delivery suddenly increased rapidly in the short term, gold prices approached the mark of 2,370 USD/ounce. On Tuesday, Federal Reserve Chairman Powell did not give a clear signal that an interest rate cut was imminent. In testimony before Congress on Tuesday, Powell said that inflation "remains...
OANDA:XAUUSD eased after a significant rise on Wednesday and started to recover in early Asian trading today (July 11). Powell's testimony hinted at expectations of a Federal Reserve rate cut, a stronger dollar and rising bond yields, while investors await June U.S. inflation data to come. announced this weekend. A clearer picture of the path of US interest rates...
During the European market trading session on Monday (July 8), spot gold tended to adjust significantly intraday since the 6-week high reached last week. The current gold price is about 2,372 USD/ounce, down more than 18 USD during the day. Gold prices adjusted gently mainly due to the recovery in Bond Yields, with the 10-year US Bond Yield at 4,308 recovering...
OANDA:XAUUSD Spot trading recovered after falling sharply on Friday, once approaching $2,350 and is now reported at $2,367/oz, a gain equivalent to 0.36% on the day as of press time. Gold prices fell more than 1% in the US trading session yesterday (July 9), due to the rise of the US stock market and profit-taking activities of investors. In addition, China,...
OANDA:XAUUSD is mostly flat as the market awaits important news from US non-farm data to be released today (Friday). Fed rate cut expectations are based on this data. At the same time, affected by the US holiday, market trading volume decreased and gold prices found it difficult to maintain Wednesday's gains, fluctuating in a narrow range but still above 2,350...
OANDA:XAUUSD rallied sharply to test the $2,364 technical level as US economic data performed worse than expected, pressuring the dollar and driving gold prices higher. In addition, tensions in the Middle East showing signs of increasing also stimulate money flows into safe haven assets, and gold is the top choice. Economic data released by the United States was...
OANDA:XAUUSD remained generally stable as markets received information from Federal Reserve Chairman Jerome Powell and continued to look to US jobs data later this week for further signals on the state of the US economy. The Job Openings and Labor Turnover Survey (JOLTS) released on Tuesday by the U.S. Bureau of Labor Statistics (BLS) found that there were 8.14...
Cable had a volatile week, driven almost entirely by top tier US data (US CPI, FOMC forecasts). The welcomed inflation data on Wednesday and subsequent rise in the pair was pulled back a few hours later with more hawkish revisions to the inflation outlook. Since then FX markets have prioritized the hawkish projections over the encouraging inflation data – the...
As weak economic data supports expectations that the Federal Reserve will begin cutting interest rates this year, putting pressure on the USD, spot gold increased sharply by nearly 30 USD in yesterday's trading session. Today (Friday), investors will receive the most important economic data of the week, US PCE inflation data, which is expected to set the market...
World gold prices decreased significantly in the trading session on Friday (June 28), after US statistics showed that inflation continued to deescalate and was in line with forecasts, reinforcing the possibility that the Federal Reserve The Federal Reserve (Fed) may cut interest rates in September. Many experts predict that gold prices will continue to accumulate...
OANDA:XAUUSD today closed weekly at 2,326 USD/ounce. It had previously hit a high of $2,339 when the US PCE inflation data was released. COMEX gold futures closed up 0.01% at $2,336/ounce, with a cumulative gain of 12.8% in the first half of the year. Gold is currently quite neutral fundamentally, but looking at the overall picture, inflation will not disappear...
OANDA:XAUUSD closed Monday's session higher but still limited by the 0.236% Fibonacci level. Currently price activity hovers around the EMA21 level as investors turn their attention to US jobs data due out later this week, which could provide further clues about a rate cut of the Federal Reserve. U.S. manufacturing activity fell for a third straight month in...
OANDA:XAUUSD fell to its lowest in more than two weeks, weighed down by strength in the US dollar and rising bond yields, while traders looked ahead to US inflation data due later in the week. This According to CME "Fed Watch" data, the probability of the Fed keeping interest rates unchanged in August is 89.7% and the probability of cutting interest rates by 25...
On Friday (June 21), when data released by S&P Global showed that US PMI data for June were generally better than expected, the US Dollar strengthened and spot gold plummeted more than 38 USD. Spot gold closed down 1.63% at $2,321.64/ounce; Spot gold prices decreased 0.47% this week, with a total trading range between 2,368.74 and 2,306.68 USD. COMEX gold futures...
OANDA:XAUUSD falling rapidly again after recovering in yesterday's trading session, the current drop is around 9$ on the day to below 2,330$ and reported at the time of publication to be finished at 2,325$ or down 0.40%. . Investors are looking forward to US inflation data later this week, which could influence the direction of the Federal Reserve's monetary...
Despite the increase in the US Dollar and US Bond Yields, spot gold prices still increased by nearly 32 USD in yesterday's trading day, currently reported at about 2,360 USD/ounce. Data released by the US on Thursday showed that the number of initial applications for unemployment benefits in the US in the week to June 15 was 238,000, compared to the previous...