Jerome-Leon

Jerome-Leon Updated 

Yesterday, gold had a sharp decline. The Asian market rose slightly, the European market began to fall, and the US market refreshed a recent low of 2,319 US dollars. However, it stabilized and returned to around 2,350 again. Finally, the gold price closed at 2,333 US dollars. The daily line Closed on a negative line. Stronger-than-expected inflation data in the...

Jerome-Leon Updated 

On Wednesday, U.S. CPI was higher than expected, and spot gold fell in the short term, with a minimum of 2,319.34 and a maximum of $2,359.98 per ounce. Gold prices are currently at high levels, with the relative strength index sitting at overbought levels well above 70. In any case, there are certain risks in the current market. The question now is whether gold...

Jerome-Leon Updated 

During the European session on Tuesday, the spot gold market saw significant gains. The price of gold began to rise linearly from around US$2,344/oz, reaching a maximum of US$2,356.81/oz, setting a record high. Gold prices have risen more than 17% since mid-February, a rise that occurred without any apparent trigger, causing confusion among some market watchers....

Jerome-Leon Updated 

The gold market has experienced significant volatility. At the beginning of the Asian market, the price of gold fell to US$2,302.89 per ounce, but then quickly rebounded to a record high of US$2,354.07 per ounce. During the European market, the price of gold was stable at around US$2,338 per ounce. Gold prices hit a new all-time high on Monday based on recent...

Jerome-Leon Updated 

Crude oil prices opened lower on Monday. WTI crude oil prices were at $85.75 per barrel, down 1.05%. Brent crude oil prices were at $89.97 per barrel, down 1.32%. Oil prices retreated on signs of a possible ceasefire between Hamas and Israel. However, Iran's response to the Israeli attack on Tehran's consulate in Damascus remains a factor in rising oil prices,...

Jerome-Leon Updated 

WTI crude oil futures fluctuated higher, trading at $84.89 per barrel, an increase of 1.09%. Since March 27, oil prices have continued to rise and have hit a five-month high. During the European session, WTI crude oil prices continued to rise, hitting $85.42 during the session, before falling slightly during European midday trading. To some extent, oil's rally is...

Jerome-Leon Updated 

The price of gold hit $2,288 again this morning, setting a record high, and the overall market showed a strong trend. Although the market is showing strength, it is not recommended to blindly chase long prices, especially when it is close to historical highs. Such an operation may not be rational enough. The price of gold continued to rise and stabilized...

Jerome-Leon Updated 

Gold prices hit new highs for a third consecutive session on Tuesday, as demand from momentum-tracking funds effectively offset pressure from a stronger dollar and the possibility of higher U.S. interest rates in the longer term. Gold prices continued to climb on Tuesday despite a stronger dollar. It had previously hit a record high of $2,266.81 per ounce. This...

Jerome-Leon Updated 

On Wednesday, Japan's Ministry of Finance, Financial Services Agency and Bank of Japan held an emergency meeting to discuss the financial market. Makoto Kanda warned the market that he might intervene in the market. The USD/JPY and US dollar index subsequently turned from rising to falling. The decline in the U.S. dollar index in turn boosted the gold...

Jerome-Leon Updated 

Spot gold hit a new all-time high of $2,222 in early Asian trading, before falling back slightly to around $2,200. This rally was supported by the Federal Reserve's expectation of maintaining three interest rate cuts. A slight decline in the dollar and U.S. Treasury yields pushed gold prices to record highs. As interest rates fall, the opportunity cost of...

Jerome-Leon Updated 

In early trading in the European market on Thursday (March 21), spot gold continued its intraday gains and was currently trading around 2207, rising by more than $20 during the day. The Federal Reserve said on Wednesday that it would still cut interest rates three times by 25 basis points each time before the end of this year. Federal Reserve Chairman Jerome...

Jerome-Leon Updated 

In the first two trading days of this week, the international gold price showed a weak oscillation and did not show an obvious trend. However, judging from the overall structure of the daily level, the current international spot gold price is still in a strong range, and the general trend has not changed. Although individual U.S. economic data released recently...

Jerome-Leon Updated 

The Federal Reserve's upcoming interest rate decision in March may have a certain impact on the international gold price trend this week. From a technical point of view, after the international gold price has risen sharply for three consecutive weeks, there is still a short-term need for correction and rest. This week, we will focus on the long-short competition...

Jerome-Leon Updated 

Spot gold continued its correction during the Asian session on Monday, once hitting a more than one-week low of $2,145.99 per ounce, as the U.S. dollar strengthened and investors prepared for a series of major central bank policy meetings this week, including the Federal Reserve/Federal Reserve. On Friday, gold prices fell significantly from an intraday high of...

Jerome-Leon Updated 

After a quiet period during the European session, gold prices regained their appeal in the US market and rose to the $2,170 area. After climbing to 4.2% earlier, the benchmark 10-year U.S. Treasury yield erased most of the gains and helped gold prices higher. The Federal Reserve is preparing to cut interest rates, and despite disappointing consumer price indexes,...

Jerome-Leon Updated 

Gold: The price of gold rose by more than 100 US dollars this week, setting a new historical high. It also adjusted the short-term market shape with the help of Friday's non-agricultural data. The non-agricultural data was a perfect ending. In the early stage of the data release, the bullish upward trend was basically continued. The market peaked at the 2195 line,...

Jerome-Leon Updated 

Spot gold has continued its recent volatile upward trend and is currently trading around $2,035. The tense situation in the Middle East has brought avoidance support to gold prices. However, the precious metal is more concerned about the arrival of the Federal Reserve's interest rate decision, especially the remarks of Federal Reserve Chairman Powell. In...

Jerome-Leon Updated 

Spot gold maintained a strong intraday trend, with gold prices currently around $2023 per ounce, and further escalation of the geopolitical situation in the East supported gold prices. U.S. economic data will be relatively light on Monday, so geopolitical developments and positioning ahead of the Fed's interest rate decision may affect gold price trends. Gold...