Panter-Trading

Panter-Trading

Gold prices edged higher in the Asian session on Thursday and partially reversed the previous day's decline to the $1933-$1932 region, or three-week lows. XAU/USD is now trading with a slight positive bias around the $1,937-$1.938 region, up nearly 0.20% on the day, though any meaningful upside move seems to remain elusive. The US Dollar (USD) entered a bullish...

Panter-Trading Updated 

Gold price in the market continued to decline, due to the strong impact when the US announced positive data on the US labor market, especially the private sector. According to ADP, the economy added 324,000 jobs in July, much higher than the 191,000 forecast by economists. In the context of the lack of information to boost the market, the strong recovery of the...

Panter-Trading Updated 

Yesterday, the US announced that the ISM Manufacturing Index for the month of July had a maximum performance of 46.4, the number was achieved at 46.0 in June with a peak performance of 46.9 months. The manufacturing sector showed signs of contraction for the ninth straight month, with the main index flat and all sub-sectors declining in activity. In this case,...

Panter-Trading Updated 

After a good first session of the week, Gold yesterday fell sharply again from 1967 to 1942 even though PMI data and job openings were worse than forecast, which did not support Gold's gain. The USD received support at the start of the week after a survey from the Federal Reserve showed US banks reported tighter signal standards and lighter borrowing demand in...

Panter-Trading Updated 

Gold prices have fallen for the past three days, reversing from multi-week highs, as the US Dollar corrects its recovery from its lowest since early 2022. However, the greenback's bulls are less convinced by top US data and the Federal Reserve's (Fed) monetary policy, which in turn allows the bulls to pause on XAU/USD. In the last week, the US housing numbers and...

Panter-Trading

Gas tokens have become the new loophole that hackers exploit to steal money from unsuspecting token holders. The discovery aligns with the recent attack on cross-chain router Multichain.org which saw the threat actors make away with upwards of $130 million in user-supplied tokens.

Panter-Trading Updated 

Gold price (XAU/USD) is demonstrating a dull performance after a wild spike-triggered post the release of the United States Automatic Data Processing (ADP) Employment report. The precious metal has walked briskly to near $1,915.00 and is expected to remain sideways ahead of the US Nonfarm Payrolls (NFP) data. S&P500 futures are consistently extending losses as...