XAU/USD stays defensive above $1,920 support as US Dollar steadies ahead of Fed, NFP
Gold price bounces off intraday low but stays directionless after closely missing the bear’s entry in the week. China’s return boosts Asia-Pacific shares, S&P 500 Futures bear the burden of firmer yields. XAU/USD bulls appear running out of steam even as Fed’s dovish hike, downbeat expectations from US NFP probe bears. Gold price (XAU/USD) aptly […]
US Dollar, Euro, British Pound, Gold, Dow Jones, Fed, ECB, BoE
Body: Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment continued improving this past week. On Wall Street, the Nasdaq 100, S&P 500 and Dow Jones gained 4.32%, 2.47%, and 1.81%, respectively. Across the Atlantic Ocean, the German DAX 40 gained 0.77%. Meanwhile, in the Asia-Pacific region, the Nikkei 225 and Hang […]
GOLD Impulse with Alert USER MANUAL – Trading Systems – 28 January 2023
GOLD Impulse with Alert Indicator USER MANUAL This indicator is part of a complete trading strategy! The 28Pairs Currency Strength Trading System – also known as Double-GAP Strategy – is our primary trading philosophy and is based on exploiting individual currency strength and weakness. Please click here. What is GOLD Impulse with Alert Indicator? https://www.mql5.com/en/market/product/92810 Best Solution for any Newbie […]
XAU/USD slips below $1930 after US PCE and UoM Consumer Sentiment
US Dollar climbs as the Federal Reserve preferred gauge for inflation, with core PCE creeping lower. According to the University of Michigan (UoM) poll, US consumers’ inflation expectations edged lower. Gold Price Analysis: The rally from $1,616.71 to $1,949.16 could end, as a doji emerged in the weekly chart. Gold price falls for the second […]
Russia to Price Silver in Gold Grams?
In this week’s Live from the Vault, Andrew Maguire reports on the accelerating adoption of a gold benchmark price for silver and commodity trades between nations, while examining the main drivers behind the current gold price rally. The lifelong wholesaler reflects on the global implications of Russia’s plan to launch its own gold-pegged stablecoin, evaluating […]
Intel disappoints as PCE meets consensus
Here is what you need to know on Friday, January 27: Intel (INTC) disappointed investors in a big way last night after the close and is slated to open down 10% this morning. That has knocked bulls who were getting excited after GDP data and Tesla (TSLA) earnings. Next up we got the Federal Reserve’s […]
GLOBAL MARKETS-Stocks take breather after January surge, Adani plunges in India
LONDON, Jan 27 (Reuters) – World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls largely in charge ahead of next week’s slate of top central bank meetings.Asia-Pacific shares maintained their best start to a year […]
Gold prices subdued as US economic data backs Fed’s interest rate stance
By Kavya Guduru (Reuters) – Gold edged lower on Friday as robust U.S. economic data was seen as fodder for the Federal Reserve to keep interest rates high for longer, but caution ahead of inflation data and the policy meeting next week put a floor under bullion prices. […]
Gold Finds Resistance at $1950!
Gold price retreated from the $1,950 handle, which is the highest level since April 2022. Modest Dollar strength weighed on the yellow metal as the DXY found some support. Recession fears should limit THE losses for Gold and smaller rate hikes expected by the Fed. Timestamps XAUUSD 01:54 DXY 03:00 The post Gold Finds Resistance […]
China’s Biggest Brokerage Predicts Gold Price Record Run
China’s central bank bought gold in November and December, its first purchases since 2019 to diversify its reserves. Hedge funds also boosted their net-long positions. Are gold prices set for records in 2023? Source link