KevinNguyen-SimpleTrade

KevinNguyen-SimpleTrade

Gold prices fell on December 17 due to: Stronger USD (+0.1%), making gold more expensive for holders of other currencies. Higher 10-year bond yields, increasing the opportunity cost of holding gold. Key Takeaways from the Fed: A 0.25% rate cut is expected on December 18, but the likelihood of further cuts in January 2025 remains low (only 18%). US Economic...

KevinNguyen-SimpleTrade

🤑Gold Trends Forecast December 10 • Gold prices rose to a two-week high on Monday (December 9), gaining more than 1% as China's central bank resumed buying the precious metal after a six-month hiatus, with optimism growing on expectations the US Federal Reserve will cut interest rates next week. • "The most important factor is the news that the People's Bank of...

KevinNguyen-SimpleTrade

✔️Gold prices fell on Thursday (December 5), as US bond yields rose after the release of weekly jobless claims data, while the market awaits the official US jobs report for fresh insight into the Federal Reserve's stance on interest rate cuts. ✔️Investors' focus now shifts to the official US jobs report on December 6, which could show the US economy added 200,000...

KevinNguyen-SimpleTrade

Gold prices fell on Thursday (December 5), as US bond yields rose after the release of weekly jobless claims data, while the market awaits the official US jobs report for fresh insight into the Federal Reserve's stance on interest rate cuts. Investors' focus now shifts to the official US jobs report on December 6, which could show the US economy added 200,000...