GenevieveJulia

GenevieveJulia Updated 

Gold fluctuated in a narrow range in the Asian market on Thursday, and is now around 2510. Gold prices bottomed out and rebounded on Wednesday, falling below 2500 during the session, but then quickly rebounded. The U.S. Department of Labor revised down employment data, and the minutes of the last Fed meeting showed that policymakers strongly preferred to cut...

GenevieveJulia Updated 

In the Asian market on Wednesday, spot gold fluctuated in a narrow range at a high level, and the current price is around 2516. Gold prices continued to rise on Tuesday, once refreshing the historical high to 2531, and stayed above the key level of 2500, helped by the weakening of the US dollar to a new low this year and investors' confidence in the Fed's possible...

GenevieveJulia Updated 

Gold is still hovering around the 2500 mark on Tuesday, and the current price is around 2504. After breaking through 2500 last Friday, gold prices hit a record high of 2510 on Monday, and then investors took profits from the record rally and adjusted their positions based on the Fed's clues and the development of the situation in the Middle East! The market focus...

GenevieveJulia Updated 

On Monday, gold fluctuated within a narrow range, reaching as high as 2,510, further refreshing the historical high set last Friday and standing above the 2,500 mark for the first time in history. As market expectations for the Federal Reserve's interest rate cut in September continue to rise, the dollar weakens and the Middle East is tense. The situation has also...

GenevieveJulia Updated 

In the early Asian session on Thursday (August 15), spot gold fluctuated in a narrow range, and the current price is around 2457. On Wednesday, the price of gold fell 1% to below the 2450 mark, hitting a low of 2437. Earlier data showed that US consumer prices rebounded as expected in July, which poured cold water on the Fed's expectations of a sharp interest rate...

GenevieveJulia Updated 

The dollar and Treasury yields edged lower, with gold hovering near the all-time highs reached in July, after U.S. producer price data solidified hopes for a September rate cut by the Federal Reserve. The generally positive tone in the stock market has weakened demand for traditional safe-haven assets. Traders are now looking forward to the U.S. Consumer Price...

GenevieveJulia Updated 

In the early Asian session, spot gold fluctuated at a high level, hitting a one-week high of 2476; gold prices rose by more than $40 on Monday, driven by safe-haven inflows. In addition, traders are waiting for this week's US inflation data, which may provide more information on the Fed's rate cut path. Gold prices also benefited from safe-haven demand due to...

GenevieveJulia

In the early Asian session on Monday, spot gold fluctuated in a narrow range, around 2427. After a sharp rise last Thursday, gold prices stabilized last Friday. Investors' confidence in the Fed's interest rate cut in September increased, and the US Treasury yield fell last Friday, providing some support for gold prices. The market will also pay attention to the US...

GenevieveJulia Updated 

In the early Asian session on Friday, gold fluctuated in a narrow range and is currently trading around 2424. Gold prices rose by more than 1% on Thursday, ending the previous five consecutive trading days of decline. Despite the rise in the US dollar and US Treasury yields, gold still soared by nearly $45. Helped by strong safe-haven demand and growing...

GenevieveJulia Updated 

Spot gold continued its decline in early Asian trading on Wednesday and is currently around $2,383. Gold prices fell back below the 2,400 mark on Tuesday as market concerns about an impending recession eased, the dollar strengthened and bond yields rebounded, although expectations of a September U.S. rate cut and escalating geopolitical tensions in the Middle East...

GenevieveJulia Updated 

In the Asian market on Tuesday, gold fluctuated in a narrow range and is currently around 2410. Gold prices fell more than 1% on Monday, hitting an intraday low of 2364, which is exactly where the 55-day moving average support is located. Due to the increased economic concerns, the wider global market was sold off. However, analysts said that this was only a...

GenevieveJulia Updated 

On Monday (August 5) in the Asian market, spot gold fluctuated in a narrow range and is currently trading around 2447. Last Friday, the price of gold rose and fell. Earlier, because the US non-farm data was worse than expected, it once rose to around 2477 US dollars, but then the bulls took the opportunity to take profits. The international gold price gave up the...

GenevieveJulia Updated 

In the Asian market on Friday, spot gold fluctuated in a narrow range and is currently trading around 2450. London gold prices rose and fell after the US dollar continued to rebound on Thursday. Earlier in the session, it hit a two-week high of 2462 due to expectations of a rate cut in September and safe-haven demand. The market focus is now shifting to the US...

GenevieveJulia Updated 

Gold continued to rebound and fluctuate in the Asian market on Tuesday, currently trading around 2386. Gold prices fell 0.2% on Monday, dragged down by the rise of the US dollar. In addition, the risk aversion caused by Israel and Lebanon quickly subsided, and investors waited for any signs of interest rate cuts at the Federal Reserve's policy meeting. Wall Street...

GenevieveJulia Updated 

At the beginning of the Asian session on Monday, gold once soared by nearly $15, breaking through the 2,400 mark. The price of gold rose by 1% last Friday because although the US PCE data was stronger than market expectations, it failed to change the market's expectations of the Fed's interest rate cut in September, and bargain hunting poured in to support gold...

GenevieveJulia Updated 

Gold held above the 2,400 mark in the Asian market on Wednesday. Gold prices rose 0.55% on Tuesday, ending a four-day decline. U.S. existing home sales fell more than expected in June, and U.S. bond yields fell, providing support for gold prices. Surveys showed that the Federal Reserve will cut interest rates twice this year, attracting bargain hunting to continue...

GenevieveJulia Updated 

In the Asian market on Tuesday, gold fluctuated in a narrow range and is now around 2391. Gold prices fell to a low of $2383/ounce on Monday. The continued rebound in U.S. Treasury yields put a slight pressure on international gold, but the overall volatility has narrowed. Traders are waiting for more U.S. economic data and speeches by U.S. Federal Reserve...

GenevieveJulia

In the Asian market on Monday, the US dollar index fell significantly, while spot gold climbed strongly and broke through 2410 after Biden announced his withdrawal from the 2024 US presidential election and supported Harris to take over. Traders may be inclined to believe that if Trump wins the election, he will drive the dollar down. In addition to gold's...