Forex Signal Bullish

Forex Signal bullish

Gold prices fall as US dollar strengthens ahead of August inflation report

Gold prices fall as US dollar strengthens ahead of August inflation report

Gold prices fell on Tuesday as the US dollar strengthened, with investors awaiting the release of US inflation data later in the week. Spot gold was down 0.3% at $1,923.50 per ounce by 2:30 pm ET (1830 GMT), while US gold futures fell 0.2% to $1,937.50. The US dollar index, which measures the greenback against …

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Gold prices inched lower on Tuesday as the dollar gained ground ahead of a key U.S. inflation data release.

Gold prices inched lower on Tuesday as the dollar gained ground ahead of a key U.S. inflation data release.

Spot gold was down 0.2% at $1,918.72 per ounce by 2:30 p.m. ET, while U.S. gold futures fell 0.3% to $1,941.70. The dollar index, which measures the greenback against a basket of major currencies, rose 0.2%. A stronger dollar makes gold more expensive for buyers holding other currencies. Investors are awaiting the release of U.S. …

Gold prices inched lower on Tuesday as the dollar gained ground ahead of a key U.S. inflation data release. Read More »

XAUSUD Fundamental Analysis

Gold Prices Set for Weekly Decline as US Economy Shows Resilience

Gold prices are set to end the week lower as the latest batch of data showed that the US economy is still growing strongly, giving the Federal Reserve some room to keep monetary policy restrictive or even raise interest rates further. On Friday, gold prices edged up to $1,921 an ounce, but they are still …

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Cotton Falls to 2-Week Low on Dollar Strength, China Demand Concerns

Cotton prices fell to their lowest level in more than two weeks on Thursday, as the dollar continued to strengthen and concerns persisted about demand from top consumer China. The dollar index, which measures the greenback against a basket of currencies, rose to its highest level since August 2020. A stronger dollar makes cotton more …

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Gold Steadies as Bond Yields Tick Lower, Traders Await More US Data

Gold prices inched higher on Thursday, as a slight pullback in Treasury yields offered some respite from a robust dollar, while investors looked forward to more U.S. economic data to gauge the outlook for interest rates. Spot gold was up 0.1% at $1,918.64 per ounce by 0906 GMT, after hitting a one-week low on Wednesday. …

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Forex Signal Bullish

Dollar Firms Up as Traders Weigh Fed’s Path

Dollar Firms Up as Traders Weigh Fed’s Path The dollar index firmed up around 102 on Tuesday, hovering near its strongest levels in three weeks as traders weighed the Federal Reserve’s path for monetary policy. On Monday, a Federal Reserve survey showed US banks reported tighter credit standards and weaker loan demand from both businesses …

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JPY

Dollar firms, yen wobbles as Japan CPI holds above BOJ target

The dollar held steady on Friday as data pointed to U.S. labor market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen wobbled after Japan’s core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan, and the United States are due next week, with investors …

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