FalCol_TradingMaster

FalCol_TradingMaster

However, the precious metal is under some pressure as the dollar index rose sharply and US Treasury yields rose slightly. The Conference Board reported on Monday that its US consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged....

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At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future. Previously,...

FalCol_TradingMaster

At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future. Previously,...

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The Fed has started its two-day policy meeting and is expected to cut interest rates by another 25 basis points. However, the focus will be on the Summary of Economic Projections (SEP) and dot plot, which provide guidance for interest rates in 2025. While US Treasury yields and real yields both edged lower, the US dollar remained steady. The 10-year Treasury...

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Gold prices continued to weaken today due to stronger-than-expected important US economic news. The US retail sales report for November showed an increase of 0.7%, 0.2 percentage points higher than the forecast increase of 0.5%. This information made some gold investors worry that the FED may postpone the 0.25 percentage point interest rate cut after the end of...

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At the beginning of the trading session on December 16 (US time), world gold prices increased. The market expects the US Federal Reserve (Fed) to cut interest rates by 25 basis points at its meeting on December 17-18 (US time). Investors took advantage of buying gold to get ahead of the uptrend after the Fed's decision. After a series of unusual developments in...

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World gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%). The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates...

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World gold prices decrease when the USD increases. Recorded at 9:40 a.m. on December 16, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,570 points (down 0.11%). According to Naeem Aslam - investment director of Zaye Capital Markets, gold investors should mentally prepare for the possibility of gold prices...

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World gold prices fell more than 1% on Thursday as investors rushed to take profits after prices hit a 5-week high. "Gold still has an upward trend. However, last night's decline may have occurred because investors sold to take profits ahead of next week's meeting of the US Federal Reserve (FED)" - Zain Vawda - analyst market analysis at MarketPulse...

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According to a report by the World Gold Council (WGC), the People's Bank of China (PBOC) bought gold for reserves in November after a 6-month pause. China's gold reserves rose to 72.96 million ounces of pure gold at the end of November, up from 72.8 million ounces the previous month. In November, gold prices dropped sharply due to the sell-off after the US...

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World gold prices were under pressure last week when the USD index increased. Recorded at 7:00 a.m. on December 8, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,040 points (up 0.32%). Kitco News's latest survey shows that experts continue to be divided, while individual investors are optimistic about gold prices...

FalCol_TradingMaster Updated 

Currently, gold prices are said to be "stuck" in a medium-term correction cycle, while the long-term price chart and macro fundamentals still support this safe-haven metal's price increase after the correction. Adjustment lasting 6 weeks ends. According to Kitco's latest survey, with 12 Wall Street analysts suggesting that price fluctuations are unlikely in the...

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World gold prices decreased in the context of an increase in the USD. Recorded at 9:40 a.m. on December 6, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,792 points (up 0.08%). Gold price after the US released weekly unemployment claims data. The number of dependents applying for new unemployment benefits...

FalCol_TradingMaster Updated 

Speaking in an interview with the press hosted by the New York Times yesterday, Chairman of the US Federal Reserve (FED) - Jerome Powell - said the US economy is now stronger than when the FED started cutting interest rates in September. According to Mr. Powell, the positive news is that the FED can be more careful in setting neutral interest rates - interest...

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Gold prices in the international market increase slowly due to large selling pressure every time gold moves up and the USD strengthens as Donald Trump's US presidency approaches. Gold prices increased again mainly because of the previous strong downward adjustment and investors still expect a long-term upward trend of this precious metal product when the US and...

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World gold prices moved sideways in the context of the USD still strengthening. Recorded at 9:55 a.m. on December 3, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,484 points (up 0.09%). Gold prices face difficulties due to the strong rise of the USD. This could be reinforced as activity in the US manufacturing...

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Gold will come under further pressure if the US labor market remains strong, reducing the Fed's interest rate lowering cycle. The gold market is concerned about some of President-elect Donald Trump's policies related to the strength of the USD in the upcoming term. GDP growth at 3% and a lower trade deficit during Mr. Trump's term will not be affected by the...

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The focus of the gold market recently has been developments in the United States after Donald Trump won the 2024 presidential election. In a short period of time, the future cabinet list was announced with all candidates. is considered to have impressive achievements. In addition, Mr. Donald Trump pledged to sharply increase taxes on America's three largest...