The value of gold steadied near the $2,020 per ounce mark on the closing day of the week. However, it remains poised for a weekly descent, influenced by the ascendancy of the dollar and surging Treasury yields. This trend emerged following robust US data and the adoption of a more assertive tone by the Federal …
Amidst the financial landscape, the intricacies of gold futures experienced an early ascent on Thursday. This elevation was propelled by the juxtaposition of fluctuating treasury yields and the ascension of the dollar. An economic report further fueled this trajectory, revealing a persistent vigor in the US economic engine. In the realm of futures trading, the …
Gold Moves Higher Despite a Rising Dollar as US Jobless Claims Drop to a 16-Month Low Read More »
Amidst the realm of financial intricacies, the ascending momentum of gold finds itself in a state of restraint, grappling with the weight of subdued prospects. Hovering around $2,010 per ounce on Thursday, gold maintains its proximity to the nadir witnessed over the past five weeks. This restrained surge can be attributed to the ascendancy of …
The drop in gold prices on Tuesday was attributed to the strengthening of the US dollar and the rise in Treasury yields. Gold for February delivery experienced a decline of US$13.70, reaching US$2,037.90 per ounce. The increase in the ICE dollar index by 0.85 points to 103.25 played a role in the decline of gold …
Now, as we delve into the nuanced world of financial happenings, we observe the retreat of gold in the face of a resurgent US dollar and climbing yields on Treasury bonds. The dollar, soaring to heights unseen in over a month, exerts pressure on gold prices. Concurrently, the 10-year Treasury yields in the U.S. stand …
based on technical analysisThe dollar index (DXY) reaches a peak surpassing 10 daysYields on 10-Year Treasury notes surge beyond 4%Gold values experienced a subdued Tuesday as the dollar strengthened, and Treasury yields ascended. Traders, in anticipation, awaited insights from various U.S. Federal Reserve speakers scheduled for the week, hoping for a clearer picture of the …
forecast indicates that spot gold might retrace to $2,042 per ounce Read More »
The dollar took a breather on Wednesday, hovering around 102.5 after a recent climb. Investors are holding their breath, waiting for crucial US inflation data that could determine the Federal Reserve’s next move. This data could be the deciding factor: will interest rates start dropping as soon as March, or will they hold steady for …
Is the Dollar Ready to Cool Down? Inflation Data Holds the Key Read More »
Gold prices took a breather above $2,040 on Thursday, halting a four-day decline as investors digested mixed signals about the Federal Reserve’s future moves. The recent dip was fueled by a stronger dollar and rising Treasury yields, reflecting doubts about the pace and extent of potential interest rate cuts by the Fed this year. Meeting …
Gold Pauses Slide After Fed Jitters, Rate Cut Bets Dip Read More »
The US dollar kept its head above water on Wednesday, extending its 0.8% surge from the previous session. Fueling its climb was a general sense of wariness among investors, evident in a rise in Treasury yields and a pullback on Wall Street. Adding to the cautious atmosphere was a flare-up in Middle Eastern tensions. Iran’s …
Dollar’s Grip Tightens as Cautious Mood Grips Markets Read More »
Gold prices climbed on Tuesday, buoyed by expectations of an early interest rate cut by the Federal Reserve. With traders placing an 89% chance of a March 2024 decrease, the precious metal gained as the dollar and bond yields weakened. Looking ahead: Analysts see potential for gold to breach the $2,080 level if the dovish …
Gold Rises on Fed Rate Cut Talk, Eyes $2,080 Level Read More »