ForexGlobal

ForexGlobal

On Wednesday, the price of gold remained above $1,930 per ounce, following a nearly 1% increase in the prior session. This uptick was supported by softer-than-expected economic data from the United States, which has increased expectations that the Federal Reserve will likely halt its interest rate hikes. The weakening of the U.S. dollar and the decline in U.S....

ForexGlobal

Gold prices surged by nearly 1% in the last 24 hours due to an unexpected shortfall in US job openings, which has raised expectations of a more dovish Federal Reserve in the long term. Retail traders have swiftly reacted by increasing their bearish positions on XAU/USD, a trend reflected in the IG Client Sentiment (IGCS), often used as a contrarian indicator....

ForexGlobal Updated 

Gold prices have been on an upward trajectory in recent weeks, prompting a cautious response from retail traders who have been increasing their bearish bets. This shift in sentiment can be observed by examining the IG Client Sentiment (IGCS), a tool often used as a contrarian indicator. Given this context, one might wonder whether there is potential for further...

ForexGlobal

"Saxo Bank pointed out that Powell restated the Federal Reserve's commitment to achieving its long-term 2% inflation target. However, he also indicated that the Federal Open Market Committee (FOMC) would approach future rate decisions with caution and did not rule out the possibility of additional rate hikes. This has led to a shift in expectations, with the first...

ForexGlobal

Gold prices advanced on Tuesday as both the dollar and Treasury yields retreated from recent highs. This shift in financial markets comes just ahead of critical U.S. inflation and job data releases scheduled for this week, which have the potential to significantly influence the future direction of interest rates. **Key Points:** - **Spot Gold:** As of 0113 GMT,...

ForexGlobal

The Australian dollar climbed above the $0.64 mark, distancing itself from multi-month lows. This upturn in sentiment can be attributed to several factors, including the US Federal Reserve's cautious approach to additional interest rate hikes, as well as China's unveiling of new measures aimed at strengthening its capital markets and bolstering investor...

ForexGlobal Updated 

September is well-known in the world of finance for its distinctive seasonal trends, some of which have substantial statistical and theoretical backing that can warrant strategic investments. One of the most widely recognized adages associated with September is its reputation as a challenging month for stock markets. What might be less familiar, however, is that...

ForexGlobal

Gold found stability at approximately $1,915 per ounce on Monday. This comes as investors continue to assess the implications of Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole symposium. They are also eagerly anticipating upcoming economic data releases in the United States, which will play a crucial role in shaping the outlook on interest...

ForexGlobal

Gold remained relatively subdued, trading below the $1,920 per ounce mark on Friday. This lack of upward momentum can be attributed to the strength of the U.S. dollar, with investors closely monitoring Federal Reserve Chair Jerome Powell's forthcoming speech at the Jackson Hole symposium for insights into the trajectory of U.S. monetary policy. Analysts...

ForexGlobal Updated 

Gold prices remained stable close to their two-week peak on Friday and were on track for their strongest week in the past six weeks. This stability came as U.S. Treasury yields retreated from their recent highs in anticipation of upcoming speeches by prominent central bankers, including Federal Reserve Chair Jerome Powell. These speeches are expected to provide...

ForexGlobal

Gold prices are trading steadily during the morning session in Asia. According to analysts at ANZ, the precious metal is currently navigating through a somewhat uncertain macroeconomic landscape, primarily due to the Federal Reserve's recent decision to potentially consider another rate hike in September. ANZ's research note suggests that altering perceptions...

ForexGlobal

On Thursday, the price of gold climbed to approximately $1,920 per ounce, marking a continued recovery from its lowest point in five months. This upward trend was fueled by business activity data in major economies that turned out to be weaker than anticipated. As a result, there is growing optimism that policymakers might reconsider their plans to raise interest...

ForexGlobal Updated 

Gold prices inched up during the early trading session in Asia, building upon the gains observed overnight. This upward momentum comes as anticipation mounts for the Jackson Hole symposium, where the Federal Reserve is expected to provide further insights into its policy direction. Analysts at ANZ point out that a combination of lackluster U.S. economic data and...

ForexGlobal

Gold futures surged on Wednesday, registering a substantial single-session gain of more than 1%, marking their most significant increase since the close of July. Recent weeks had seen gold prices facing mounting pressure due to what analysts at UBS described as "surprisingly resilient U.S. economic data and concerns regarding the Federal Reserve's anticipated...

ForexGlobal

Gold prices strengthened on Wednesday, finding support as the U.S. dollar and Treasury yields experienced a slight retreat, maintaining gold above the critical $1,900 threshold. At 0519 GMT, spot gold displayed a 0.3% increase, reaching $1,902.63 per ounce, distancing itself further from the five-month lows observed last week. Simultaneously, U.S. gold futures...

ForexGlobal Updated 

Gold prices in Asian morning trading have climbed following a recent downturn in bond markets. This decrease in Treasury yields has provided a degree of encouragement to investors seeking the allure of this valuable commodity, as stated in a note by ANZ analysts. The relationship between bond yields and gold prices is inverse, with lower yields typically enhancing...

ForexGlobal

Gold prices saw an increase on Wednesday, finding stability near the crucial $1,900 mark, thanks to a slight retreat in the U.S. dollar and Treasury yields. This development occurred in anticipation of a gathering of central bankers that is expected to provide insights into the outlook for interest rates. Key Points: - Spot gold recorded a 0.2% uptick, reaching...

ForexGlobal

Gold prices managed to stabilize above recent lows on Tuesday, maintaining their resilience as a non-yielding asset, even as U.S. Treasury yields surged to levels not seen in nearly 16 years. Investors were closely watching the central bankers' meeting this week for any hints regarding future interest rates. At 0520 GMT, spot gold, often represented as GOLD, held...