TheLeader_WOLF

TheLeader_WOLF

At least 30 US citizens died in the Israeli-Palestinian conflict According to CNN, on October 15 local time, a US State Department official said at least 30 US citizens were killed in the conflict between Palestinians and Israel. The official said the United States is "cooperating with the Israeli government on all aspects of the hostage crisis, including sharing...

TheLeader_WOLF

💥 Technical analysis on October 16: 👉 XAU/USD . Bar D1 last Friday's price increased sharply, causing fear of war in the Middle East to spread throughout the Middle East region. Gold prices increased sharply from 1780 to 1930. Last weekend the market did not create any syntactic GAP, the war information had nothing new to create the next mature Gold market. This...

TheLeader_WOLF

The Fed has raised interest rates 11 times since March 2022, but inflation remains well above target and U.S. central bank officials are taking more aggressive action than in the past. This is thought to be due to a lack of monetary policy adjustment. When Federal Reserve officials say their long-term inflation target is 2%, they are referring to the percentage...

TheLeader_WOLF

According to the U.S. Department of Labor, the CPI rose 0.4% in September, exceeding the 0.3% rise in August. However, the annual CPI has declined compared to the peak of 9.1% recorded in June 2022. Traders now believe there is a 38% chance the U.S. Federal Reserve will raise interest rates in December, up from 28% before the inflation report was released,...

TheLeader_WOLF

Global gold prices turned lower this morning, with the spot gold price down $5.2 to $1,868.8 per ounce. Gold futures for December contract were trading at $1,881.1 per ounce, down $1.4 from the previous day. Better-than-expected inflation data released on Thursday wiped out gains gold had made so far from safe-haven purchases. Specifically, the report showed...

TheLeader_WOLF

Gold prices on the international market skyrocketed in the context of the Hamas-Israel conflict, which could adversely affect the security situation in the Middle East, negatively impacting the world economic outlook. Around the world, there are many warnings about the unpredictable dangers from the conflict between Hamas and Israel. Currently, Israel has...

TheLeader_WOLF

There has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates. Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in...

TheLeader_WOLF

There has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates. Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in...

TheLeader_WOLF

Although the conflict between Israel and Hamas has not subsided, it continues to encourage safe haven purchases in the gold market. However, with rising bond yields, this dynamic did not help precious metals maintain their previous gains. Even if gold doesn't shine, City Index market analyst Fawad Razakzada believes the precious metal will still grow stronger in...

TheLeader_WOLF

The current spot price for gold on the global market is approximately $1,856 per ounce. The price of gold delivered at Comex New York in December was $1,872/oz. Gold prices rose after Israel refused to make peace with Hamas. Both Israel and Hamas appear determined to continue their attacks. Talks have begun between the EU, the US, the United Arab Emirates, Saudi...

TheLeader_WOLF

Earlier this week, the safe-haven dollar strengthened against the euro as military clashes between Israel and the Palestinian Islamic militant group Hamas raised concerns that the conflict could spread beyond Gaza. However, the dollar weakened against other major currencies. Yesterday, Israeli Prime Minister Benjamin Netanyahu said Israel's response to the...