Acetal-dehyde-fx

Acetal-dehyde-fx Updated 

World gold prices this morning stabilized with spot gold increasing $2.4 to $1,910.6. Gold futures last traded at $1,932.8, up $0.3 from yesterday morning after information from the latest report showed sharp increases in producer price inflation and retail sales. The US producer price index (PPI) in August increased by 0.7% compared to expectations of a 0.4%...

Acetal-dehyde-fx Updated 

Precious metal prices today continue to be suppressed due to the rising USD. Currently, the DXY index has returned to 105 points, pushing gold prices under downward pressure. Investors continue to monitor US inflation data, expected to be announced on September 13, and the Fed's monetary policy decision on September 20. Although investors have focused on hoarding...

Acetal-dehyde-fx Updated 

Gold prices remain flat amid uncertainty over the highest interest rates for the year remaining, while September monetary policy is expected to remain unchanged amid supportive economic data. The world gold price on the Kitco trading floor is at $1,921, up 2.74 USD compared to the previous session. The yellow metal remains lackluster despite some correction in...

Acetal-dehyde-fx Updated 

On the world market, gold price reached $1,909, down $12. Investors are awaiting US inflation data, which could provide an update on the Federal Reserve's interest rate decision in the near future. Although inflation is expected to decline for a while, it may not decline quickly. This causes the Fed to keep interest rates unchanged longer. Continued core...

Acetal-dehyde-fx Updated 

World gold price stood at $1,911, down $10 compared to the same hour yesterday morning. Gold prices hit a 3-week low after bearish technical indicators appeared to stimulate a slight sell-off. Investors are eagerly waiting for the August consumer price index report to be released today. CPI is expected to increase by 4.3% over the same period last year, compared...

Acetal-dehyde-fx Updated 

The world gold price stood at $1,911, equivalent to the price at the same time yesterday morning. Yesterday's trading session, gold struggled to keep its price from plummeting when there was information that the consumer price index rose higher than expected last month. Specifically, US CPI in August increased by 3.7% over the same period last year and core CPI...

Acetal-dehyde-fx Updated 

On the world market, gold price reached $1,909.23, an increase of $0.14. World gold prices are still trading near the lowest level of the past three weeks, as August inflation data of the US economy increases speculation that the Fed will stop raising interest rates next week. After a series of US economic data showed strong increases in manufacturing inflation...

Acetal-dehyde-fx Updated 

The yellow metal rebounded mid-August from quite strong support on the 200-day moving average and the June low of 1890. This was associated with a brief reprieve lower in US real yields, also as data released in the second half of August failed to match up with overly optimistic expectations (the US Economic Surprise Index hit a two-year high at the end of July...

Acetal-dehyde-fx Updated 

World gold price stood at $1,925, a slight increase of $6 compared to the same hour yesterday morning. A drop in 10-year US Treasury yields below a two-week high provided some support for gold. Traders are waiting for further US economic data to guide prices. As expected, the consumer price index report of August will be published on September 13. Several Fed...

Acetal-dehyde-fx Updated 

This week, the international gold price dropped from $1,946 to $1,915 and closed at $1,919. The reason why international gold prices continued to fall sharply this week. As USD and bond yields rise sharply, it is in context that the Fed may keep interest rates high for the remaining months of 2023. It can be seen that the gold price is moving in a downward wedge...

Acetal-dehyde-fx

EURJPY appeared to have rejected a move lower on Monday as it traded at 159.58. The sell-off can be understood as a stop-loss order rather than an emerging bear market. In any case, the ascending trend line remains intact and a short-term range trading pattern appears to be in play. Support may lie in the 156.60 - 157.00 area ahead of the trend line, currently...

Acetal-dehyde-fx Updated 

Precious metal prices have just experienced a week of strong fluctuations with a relatively wide range after a series of data was released. Despite seeing a solid recovery from multi-month lows this week, some analysts note that the precious metal remains unlikely to escape its current range next week amid yields Bonds rose and the dollar strengthened. According...

Acetal-dehyde-fx Updated 

Gold is on track for its worst month since February, but why? The precious metal faces one of its most prominent headwinds, rising real yields. As a non-yielding asset, Gold must compete with the risk-free return that U.S. Treasuries provide. Furthermore, the difference between Treasury rates and the inflation rate provides what is known as the Real...

Acetal-dehyde-fx Updated 

Last week, international gold prices increased continuously from 1,912 to 1,952 and closed at 1,939. The reason why gold prices rose sharply this week was because the US labor market continued to show less positive signals. Specifically, although NFP figures in August reached 187,000 jobs, higher than the expected level of 170,000 jobs, compared to the first...

Acetal-dehyde-fx Updated 

Gold prices increased because the USD reversed sharply at the beginning of this morning's session. The Dolla-Index – which measures the strength of the USD in a basket of 6 major currencies, plummeted by nearly 0.4% compared to the previous session, to 103.220. The dollar depreciated, helping to lower gold deposit and transaction costs, so investors boosted...

Acetal-dehyde-fx Updated 

World gold price stood at 1,936.17 USD/ounce, down 4.5 USD/ounce compared to the previous session's close. Investors all said that the Fed may have finished raising interest rates after the unemployment rate in the US skyrocketed and wages also trended up. Besides, the dollar index fell 0.2%, making bullion more attractive to holders of other currencies. At the...

Acetal-dehyde-fx Updated 

The gold price continues to oscillate around US$ 1,940 going into Tuesday’s trading session as market headwinds might be offset by geopolitical factors that have seen volatility in the precious metal slide lower. US real yields have been on the march higher for the better part of 2023 and recently stretched to a 14-year peak at the 10-year part of the curve,...

Acetal-dehyde-fx

The British Pound may extend lower in the coming trading sessions. That is because GBP/USD confirmed a breakout under a bearish Head & Shoulders chart formation over the past few days. Now, the next obstacle to the downside is the 200-day Moving Average, which is immediate support. This has been maintaining the dominant upside bias. Breaking under could open the...