Forex_Global

Forex_Global

The world gold price on the Kitco exchange was at $1,917.42 per ounce, up $18.77 compared to the previous session. Investors expect Powell to note that interest rates are likely to stay higher for a longer period so that inflation could return to 2%. Analysts warn that Powell could warn of an era of higher US interest rates, especially as detection remains high...

Forex_Global

The world gold price increased again after a series of quiet days thanks to the weakening of the USD. The falling greenback volatility gauge has increased gold's appeal to buyers holding other currencies. Looking to the medium term, Adrian Day - President of Investments Adrian Day Asset Management - is optimistic about the gold market when he thinks that the fear...

Forex_Global

Gold prices today fluctuated at the 1889-1904 border with a slight uptrend in the Eurasian session and a decrease in the US session. Gold ended the trading day with a bullish candle and officially crossed the downtrend line. While the market awaits Powell's Jackson Hole Congressional speech, some traders seem to be pricing in a US application wing race and maybe...

Forex_Global Updated 

At the beginning of the session on August 22 on the Comex commodity market of the US, gold price increased strongly back to the threshold of 1,900 USD/ounce after losing this signal in the previous session. Gold bounced back on the back of a halt in the dollar's appreciation and a slight drop in US bond yields. Analysts said that gold prices are showing signs of...

Forex_Global Updated 

On the world market, gold price traded right at Kitco 21/8 (traded at 1,893.2 USD/ounce. The world gold price is being negatively affected, causing the USD to rise. Analysts forecast Yen Thang market waiting for Chairman of the US Federal Reserve (Fed) Jerome Powell to speak at the annual Jackson Hole symposium. Dollar Index (measurement of USD strength with 6...

Forex_Global

Gold price may be limited this morning without much correction. The main reason is that the USD and bond yields are still high. The Dollar-Index - measuring the strength of the USD in the Basket of 6 major currencies increased by more than 0.02% compared to the previous session, up 103.390 points, at 8:30 am this morning (Hanoi time). 10-year US government bond...

Forex_Global

This week, growing concerns that the US Federal Reserve (Fed) will keep interest rates high for longer than expected are expected to take a toll on gold as prices end the week near their lows. lowest in 5 months. While there's still plenty of optimism that gold could recover later this year, analysts are warning investors that a lot of short-term technical damage...

Forex_Global Updated 

While there is still plenty of optimism that global gold could regain its luster later this year, analysts warn investors that a lot of short-term technical damage has been done and the metal quarter has the potential to decrease in the near term. Analysts note that despite high economic uncertainty as China's economy shows signs of stress, the precious metal has...

Forex_Global

World gold price in the early morning increased slightly with spot gold increasing by 4.4 USD to 1,965.5 USD/ounce. December gold futures were last traded at $2,009.2 per ounce, up $9.3 from the previous day's dawn. The world gold market in the first trading session of the week was relatively quiet due to the lack of information to promote the market. Currently,...

Forex_Global Updated 

Australian gold producer Evolution Mining (ASX: EVN) reported Thursday that for the year ended 30 June 2023 (FY23), its gold production was 651,155 ounces, up 1.7% compared to FY22 (640,275 ounces). In a press release, the company noted record annual production at Cowal of 276,314 ounces with a further ~15% increase guided in FY24, adding that Ernest Henry...

Forex_Global Updated 

The world gold price was radiant today, August 18, the radiant world gold now continued to decline with spot gold down 2.5 USD to 1,888.9 USD/ounce. December gold futures last traded at $1,919.1 an ounce, down $9.2 from the previous morning. World gold continued to trade at the lowest level within 5 months as bond yields continued to increase after the minutes of...

Forex_Global

Minutes provide little information on the September monetary policy decision as said by the Federal Open Market Committee (FOMC), rate hike options will remain data dependent. However, the minutes showed a slight tightening trend. The Federal Reserve's aggressive monetary policy tightening is the biggest drag on gold and precious metals. The FOMC minutes also...

Forex_Global

World gold price on the morning of August 17 in Vietnam time traded at 1,892 USD/ounce, down 11 USD per ounce compared to the previous day. The aggressive monetary policy tightening by the US Federal Reserve (FED) is becoming the most feared for gold and the precious metal continues to struggle in this environment. However, amid short-term selling pressure, there...

Forex_Global Updated 

Gold prices fluctuated with key support at $1,900 as investors awaited the minutes of the Federal Open Market Committee (FOMC) to determine when to release and when to top interest rates. Precious metals continue to find offers from market participants as the US Dollar and Treasury yields rise on the resilience of the US economy, in contrast to the poor economic...

Forex_Global

World gold price today 16/8 fell with spot gold down 3.1 USD to 1,903.7 USD/ounce. Gold futures in December last traded at $1,935.4 per ounce, up $0.2 from the previous session. Gold price is retreating to 1,900 USD/ounce, trading in the lowest price range of 2 months, raising concerns about rising interest rates and China's economic slowdown. Investor sentiment...

Forex_Global Updated 

The world gold price in the short term is forecasted to be supported by a stronger USD as many Asian currencies are still under downward pressure. The yuan is quite light when the Chinese economy has not shown any signs of recovery. The country's real estate market is still in a gloomy situation. The greenback was also supported by signals that the Fed will raise...

Forex_Global Updated 

The market saw significant selling pressure even as the US Federal Reserve (Fed) reported a sharp decline in the region's manufacturing activity. The gold market did not see any life line behind the disappointing manufacturing data. The report also noted that pressure to use inflation continues to increase, which is detrimental to gold as it forces the Fed to...

Forex_Global

Gold and silver prices edged lower in early trading on Monday, amid quieter US markets and hitting six-week lows overnight. Speculators watching gold and silver prices are still listening as US Treasury yields rise and the US dollar strengthens in the foreign exchange market. Technical analysis shows a short-term bearish bias for both metals, opening the door for...