On Monday, gold prices modestly declined but remained in proximity to a peak not seen in over a month, attained during the previous session. This movement followed tepid U.S. economic data, which bolstered anticipations of a Federal Reserve interest rate reduction come September. As of 0235 GMT, spot gold saw a minor descent of 0.2%, …
Gold lingers near one-month high on Fed rate-cut bets Read More »
Gold Stabilizes Near $2,330Gold held steady around $2,330 per ounce mark on Wednesday, after declining in the previous session, following softer-than-expected US retail sales data strengthened expectations of imminent Federal Reserve rate cuts. Retail sales in the US rose by 0.1% in May, following a revised 0.2% decline in April, missing the 0.2% forecast and …
In technical analysis, both Doji and Spinning Top are candlestick patterns that represent periods of market indecision, but they have some differences in their formations and implications. Here’s a detailed comparison: Doji Candlestick Spinning Top Candlestick Key Differences Example Both patterns are used by traders to gauge market sentiment and potential future movements, but they …
What is the difference between Doji and Spinning Top candles? Read More »
gold lingers in proximity to a zenith unseen in three months, casting a watchful eye on the forthcoming discourse from Jerome Powell, the Federal Reserve Chair. The precious metal’s stability is anchored by a restrained trajectory in U.S. manufacturing and construction spending. Investors stand in anticipation, eager for Powell’s testimony and pivotal employment data slated …
Gold hovers near 3-month peak as eyes on Jerome Powell’s testimony Read More »
The trade-weighted value of the dollar has risen sharply in recent months, reaching its highest level since May. This has been driven by a number of factors, including the prospect of an end to the Federal Reserve’s tightening cycle, robust risk appetite, and the recent rally in commodities. Some analysts believe that this dollar rally …
COMMENT-This dollar rally may go further than the last Read More »
Gold prices edged lower on Tuesday, but remained near one-month highs hit on Friday, as traders weighed the possibility of a soft landing for the US economy and the timing of any future interest rate cuts by the Federal Reserve. Spot gold was down 0.1% at $1,936.19 per ounce by 0607 GMT. U.S. gold futures …
Gold prices tread water as markets weigh Fed policy path Read More »
The dollar index held below 103.5 on Thursday, after retreating from over two-month highs in the previous session. Investors were cautiously awaiting Federal Reserve Chair Jerome Powell’s address at the central bank’s annual symposium at Jackson Hole, Wyoming this week, for further clues on the monetary policy outlook. On Wednesday, the dollar came under pressure …
Dollar Index Muted as Investors Await Jackson Hole Speech Read More »
Gold prices are on track for their biggest monthly gain in four as expectations grow that major global central banks may be nearing the end of their current monetary policy tightening cycles. Spot gold is up about 1.8% in July, and is trading near $1,955 per ounce. U.S. gold futures are also up about 1.8%, …
Gold Prices Set for Biggest Monthly Gain in Four on Expectations of Rate Hike Lull Read More »
The dollar held steady on Friday as investors awaited a key U.S. jobs report and weighed the prospect of higher-for-longer Federal Reserve interest rates against the economic growth outlook. The closely watched nonfarm payrolls report is due later on Friday, where expectations are for the U.S. economy to have added 225,000 jobs in June. The …
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