Gold prices march higher on slower US Fed interest rate hike bets
By Arundhati Sarkar (Reuters) – Gold prices advanced on Tuesday as the dollar’s retreat amid expectations for a less-aggressive interest rate hike from the U.S. central bank made bullion a more attractive bet. Spot gold rose 0.3% to $1,936.62 per ounce by 1137 GMT. U.S. gold futures […]
Gold Prices Power Ahead, Will XAU/USD Break $2,000 Soon?
Gold Price (XAU/USD), Chart, and Analysis Recommended by Nick Cawley Get Your Free Gold Forecast The outlook for gold remains positive with the precious metal continuing its multi-month move higher. A weaker US dollar, caused in part by a stronger Euro, global recessionary fears, and growing expectations that the Fed will ease back on interest […]
Gold prices tick lower; growth concerns start weighing on white metals
By Arundhati Sarkar (Reuters) – Gold prices ticked lower on Monday as investors positioned for U.S. economic data this week that could influence the Federal Reserve’s future policy, with a softer dollar cushioning further losses in bullion. Spot gold inched 0.1% lower to $1,925.54 per ounce by […]
Gold Continues Bull Trend! – Orbex Forex Trading Blog
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XAU/USD bulls move in ahead of key events and pending Federal Reserve
Gold price runs higher within the consolidation and towards recent bull cycle highs. Gold price will now depend on key United States economic events ahead. The Federal Reserve is looming and all will be revealed at the start of February. Gold price has been a touch higher at the start of the week, digging into […]
XAU/USD grinds higher ahead of United States Gross Domestic Product
Gold price remains sidelined near nine-month high after a five-week uptrend. Mixed signals from Federal Reserve, mostly downbeat United States data improved sentiment and propelled Gold prices of late. Lunar New Year holidays in China, Fed’s ‘Blackout period’ may challenge XAU/USD traders. Purchasing Managers Indexes, Gross Domestic Product will be crucial for fresh impulse. Gold […]
XAU/USD struggles around $1930s, drops on buoyant US Dollar
Gold price is set to finish the week around $1920s after hitting a multi-month high of nearly $1938. Thursday’s US economic data was mixed, showing that the labor market is far from portraying an upcoming recession. Gold Price Analysis: The 100-DMA crossed above the 200-DMA, further cementing the upward bias. Gold price retreats from multi-month […]
XAU/USD buyers positioned for a test of $1,950
Gold price booked a fifth straight weekly gain. XAU/USD could extend the uptrend to $1,950, as FXStreet’s Dhwani Mehta notes. Daily technical setup favors Gold bulls “Gold price rebound from the horizontal trendline support around $1,897 levels has revived the uptrend, with buyers positioned for a test of the $1,950 psychological level. The next stop […]
Silver to perform well as investors look for cheaper alternatives to Gold – ANZ
Silver prices have risen by 27% since mid-October 2022. Economists at ANZ Bank expect XAG/USD to perform well in 2023. Silver should not be ignored “We expect prices to correct in the short-term, but fundamentals are likely to be supportive over the next 12 months.” “The supply-demand balance looks strong. The growing adoption of green […]
Expect A Mass Die-Off Of Public Companies Later This Year
When the road ahead is uncertain, there’s no wiser choice than to listen to those with experience.To those who have seen enough market cycles to judge what’s most likely to happen next.Today we had the good fortune to interview financial advisor Ted Oakley, managing partner & founder of Oxbow Advisors, who has over 40 years […]