XAU/USD aims to extend rally above $1,920 as Fed to ease policy tightening pace
Gold price is looking to extend gains above $1,920.00 decisively amid weakness in the US Dollar Index (DXY). The Fed is expected to scale down the policy tightening pace amid declining inflation. S&P500 recorded a four-day winning streak, portraying a risk-on market mood. Gold price (XAU/USD) has turned sideways after a juggernaut rally to near […]
S&P 500, Nasdaq 100, US Dollar, Gold, Japanese Yen, BoJ
Recommended by Daniel Dubrovsky Get Your Free JPY Forecast Global market sentiment improved this past week across stock market exchanges around the world. On Wall Street, the S&P 500 and Nasdaq 100 gained +2.67% and 4.82%, respectively. Turning to Europe, the FTSE 100 and DAX 40 increased 1.88% and 3.26%, respectively. Meanwhile, in the Asia-Pacific […]
NASDAQ underperforms despite CPI boost
Here is what you need to know on Friday, January 13: The equity market finally rallied on Thursday after the CPI caused notable confusion. The number was bang in line with expectations and caused a complete lack of direction immediately after. Inflation is coming down, yes, but the market had priced quite a bit of […]
XAU/USD uptrend extends, bulls eye $1,920
Gold price continued to extend its weekly gains, above the $1,900 mark. Trader’s speculations that the US Federal Reserve would slow rate hikes pace boosted Gold prices. Gold Price Analysis: Daily close above $1,920 could pave the way toward $2,000. Gold price hit a new 9-month high at $1,913.18 on Friday, amidst investors’ speculations that […]
Gold is set for the highest weekly close since April, what’s next
gold daily chart The gold bulls are certainly having a moment. At the start of December, as I always do, I highlighted the seasonal trend towards higher gold. Once again, it worked and remains the single-best seasonal trade I know of. It’s been a ticket to start the year off with a solid gain forever. […]
XAU/USD could make a downward correction in the short term
Gold has climbed above $1,900 for the first time in seven months ahead of the weekend. But the technical outlook suggests XAU/USD eyes correction before extending rally, FXStreet’s Eren Sengezer reports. $1,880 aligns as initial support “XAU/USD’s near-term technical outlook points to overbought conditions with the pair trading slightly above the ascending regression channel coming […]
Gold Prices Break Higher After US CPI Sank US Dollar, Where to for XAU/USD?
Gold, XAU/USD, US CPI, Inflation, Bonds, Fed – Asia Pacific Market Open Gold prices roar higher as in-line US CPI report sinks US Dollar Markets slowly pricing out 2 more Fed rate hikes in months ahead XAU/USD breakout restores upside momentum, hinting at gains Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Asia-Pacific Market […]
Gold, silver prices rise; yellow metal selling at Rs 51,600 per 10 grams
Gold prices rose on Saturday by Rs 220, with 10 grams of the yellow metal (24-carat) trading at Rs 56,290. Silver price also rose by Rs 100 per kilogram from yesterday’s close. The precious metal was selling at Rs 72,000 per kg. The price of 22-carat gold rose […]
Gold at over eight-month high on slower US Fed rate-hike prospects
By Seher Dareen(Reuters) – Gold prices scaled over an eight-month peak on Friday, holding above the key pivot of $1,900 per ounce, as cooling U.S. inflation raised hopes for slower interest rate hikes from the Federal Reserve.Spot gold rose 0.3 % to $1,902.64 per ounce by 9:33 a.m. ET (1433 […]
Gold scales 9-month high above key $1,900 level; highest since late April
By Kavya Guduru(Reuters) – Gold prices firmed above the key $1,900 level on Friday, hitting their highest since late April after a surprise decline in U.S. consumer prices boosted bets for slower Federal Reserve interest rate hikes.Spot gold was up 0.4% at $1,905.19 per ounce, as of 1008 GMT. The […]