Forex Signal Bullish

Forex Signal bullish

Gold at Two-Week High as Treasury Yields Dip, Fed Minutes in Focus

Gold prices hit a near-two-week peak on Wednesday, supported by a dip in U.S. Treasury yields and dovish remarks from Federal Reserve officials. The Fed’s latest policy minutes are due at 1800 GMT, and traders are also awaiting U.S. Consumer Price Index data on Thursday for more clues on the interest rate path. Spot gold …

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Gold, Copper Price Plunge to Multi-Month Lows as Rate Hike Fears Mount

Gold and copper prices tumbled to their lowest levels in several months on Tuesday, as investors grew increasingly concerned about the prospect of aggressive interest rate hikes from central banks around the world. Three-month copper futures fell 1.2% to $7,968.50 a metric ton, their lowest level since late May. Aluminum futures also fell 1% to …

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Dollar strength keeps yen under pressure, but intervention unlikely

The yen remains under pressure as the dollar strengthens against its major peers, with investors jittery about the prospect of aggressive interest rate hikes by the US Federal Reserve. Japanese Finance Minister Shunichi Suzuki has warned that the government is watching the currency market closely and stands ready to intervene, but traders believe that the …

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Gold Prices Likely to Remain Under Pressure as Interest Rates Stay High

Gold Prices Likely to Remain Under Pressure as Interest Rates Stay High

Gold prices are likely to remain under pressure as interest rates stay high, according to market analysts. The precious metal is currently trading at a six-month low of $1,913 a troy ounce, and this downward trend is expected to continue as the Federal Reserve and other central banks around the world continue to raise interest …

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Dollar Firms Up on Hawkish Fed View, Antipodean Currencies Falter

The US dollar firmed up on Monday, holding near its highest levels since early March as the Federal Reserve maintained a hawkish outlook on monetary policy due to persistently high inflation. The dollar index, which measures the greenback against a basket of six major currencies, rose 0.5% to 105.6. The index is up over 18% …

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Gold, Gold trading, xausud signals

Gold Stays Below $1,930 as Investors Worry About Hawkish Fed, Global Growth

Gold prices hovered below $1,930 an ounce on Thursday, as investors fretted about a hawkish Federal Reserve, global growth prospects, and weak data from Europe. The US central bank left interest rates unchanged at its latest meeting, as widely anticipated, but signaled another rate increase before the end of the year and fewer rate cuts …

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Market Talk: Dollar Could Rise if Fed Hints at Further Rate Increases

Market Talk: Dollar Could Rise if Fed Hints at Further Rate Increases

UniCredit Research analysts say that the dollar could rise after the Federal Reserve’s policy announcement due at 1800 GMT, even as interest rates are expected to be left unchanged at 5.25%-5.50%, if there are hints that rates could increase further. According to a note from the analysts, the decision shouldn’t dent dollar strength and “might …

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Gold Edges Higher as Investors Await Fed’s Policy Decision

Gold Edges Higher as Investors Await Fed’s Policy Decision

Gold prices edged higher in early Asian trade on Monday, ahead of the Federal Reserve’s September policy meeting on Wednesday. Investors are keenly awaiting the Fed’s decision, as it will have a significant impact on global bond yields and, by extension, gold prices. Lower bond yields tend to boost the appeal of gold, as the …

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