Forex_Global

Forex_Global Updated 

Information about this week's European Central Bank monetary policy meeting will also be of interest to investors. The bank is expected to raise interest rates by a modest 25 basis points. Hedge funds continue to scale back bearish price bets on gold, according to a recent report from the Commodity Futures Trading Commission. However, analysts note that bullish...

Forex_Global Updated 

Information about this week's European Central Bank monetary policy meeting will also be of interest to investors. The bank is expected to raise interest rates by a modest 25 basis points. Hedge funds continue to scale back bearish price bets on gold, according to a recent report from the Commodity Futures Trading Commission. However, analysts note that bullish...

Forex_Global Updated 

Gold prices rose today on the lack of data and events to stimulate the market. Traders are waiting for inflation data for more clues about the upcoming direction of the US Federal Reserve (Fed). Specifically, the consumer price index report for August will be published on Wednesday morning. CPI is expected to increase by 4.3% over the same period last year,...

Forex_Global Updated 

According to some analysts, James Stanley, senior market strategist at Forex.com, believes the CPI and ECB are "likely to be the determining factors" in gold's movement next week. “I enter this week with a bullish bias as spot prices are above the 1903-1910 support.” can sustain $1,900 per ounce. Mark Chandler, CEO of Bannockburn Global Forex, believes gold prices...

Forex_Global Updated 

According to some analysts, James Stanley, senior market strategist at Forex.com, believes the CPI and ECB are "likely to be the determining factors" in gold's movement next week. “I enter this week with a bullish bias as spot prices are above the 1903-1910 support.” can sustain $1,900 per ounce. Mark Chandler, CEO of Bannockburn Global Forex, believes gold prices...

Forex_Global Updated 

Global gold prices rose yesterday, but not by much as they are held back by the strong US dollar. The DXY index is now above 105, its highest level in about six months. “The recent reversal in US economic data from weak to strong has renewed hopes that the Fed will not move yet to raise rates,” said Ole Hansen, head of product strategy at Saxo Bank. commented. ...

Forex_Global Updated 

The falling gold price is the market waiting for the referendum from the US Federal Reserve (Fed) on September 19-20. Recently, the market forecast that the Fed will not raise interest rates between now and the end of 2023. However, some experts get the opposite trend. Because they think that the core utilization and improvement data of the US has not yet allowed...

Forex_Global

World gold prices reversed to decline on August 31, when China announced that the purchasing managers' index of the manufacturing sector in August increased to 49.7 points. Although this is the 5th consecutive month, this index is below the expansion threshold of 50 points, but is much higher than the 49.3 points in July and the 49.4 points previously...

Forex_Global

Forecasting the gold price trend, gold experts believe that gold prices will continue to recover firmly but there are still potential risks in the near future. The cooling labor market is driving growth in the gold market, but it is too early for advisors to see a decisive attitude in the market, according to one market strategist. Meanwhile, according to Randy...

Forex_Global

Gold continues to accelerate as new tools show that the labor market is showing signs of cooling and the world's leading economy is slowing. Specifically, the US Bureau of Economic Analysis' report on second-quarter gross domestic product showed that the economy grew by 2.1%, lower than expectations. According to consensus estimates, economists expect growth of...

Forex_Global

Precious metal prices skyrocketed today in the context that many people are still betting on the possibility that the US Federal Reserve (Fed) will raise interest rates again. Investors are also waiting for some important economic data to be released this week. That is employment data, employee income... This is the influencing factor that has been decided by the...

Forex_Global Updated 

Gold rallied to a three-week high after the US job turnover report and the consumer confidence index report were both much weaker than expected. Neither report supports the view of US monetary policy advocates, who say the Fed has effectively raised interest rates enough to slow US economic growth. This is the start of an important week for US economic...

Forex_Global

Although the initial base gain has dropped to the medium settings, the price has managed to maintain key support levels. According to some analysts, this resilience shows the strength of gold and that is a good sign. In an interview with Kitco News, Christopher Vecchio, head of futures and forex at Tastylive.com, said that the worst days for gold may be over and...

Forex_Global

On the world market, the price of gold traded on the Kitco floor on August 28 traded at 1,915.5 USD/ounce. The gold market could be volatile after macroeconomic data is released this week, analysts say. US economic developments continue to play an important role in investor sentiment. In the short term, gold is stuck by the words of US Federal Reserve Chairman...

Forex_Global

Gold posted modest gains last week and ended a four-week losing streak. Gold remains resilient despite US Federal Reserve Chairman Jerome Powell signaling on Friday that the central bank will maintain its 2% inflation target and not look to cut interest rates anytime soon. Forecasting the gold price trend this week, the latest Kitco News gold survey results show...

Forex_Global

This week, the gold market has undergone a transformation in the face of the opposite formulas for gold prices. Even so, according to some in-depth analysis, the precious metal still needs an appropriate size to overcome the current downtrend. After a four-week losing streak, gold posted a mild week of gains, but the strengthening was still modest. Archive...

Forex_Global

Gold futures for delivery in December 2023 on the Comex New York exchange fell slightly by 1 USD, respectively, down 0.05% to 1,947.1 USD/ounce. The gold market is back to a visit and mildly volatile as traders await the Federal Reserve's annual symposium to be held in Jackson Hole, Wyoming. The dialogue will take place on Thursday evening. Meanwhile, the key...

Forex_Global Updated 

World gold price this morning was stable with gold trading at 1,915.8 USD/ounce. Recently, the gold market continues to face difficulties when the Fed maintains a "modest" monetary policy. U.S. Treasury yields hit the gold market as prices fell below key support around $1,950 an ounce and recently hit a two-month low. However, precious metals have made up some of...