XAU/USD languishes near YTD low amid Fed rate hike jitters
Share: Gold price drops to its lowest level since January amid sustained US Dollar buying. Bets for additional rate hikes by the Federal Reserve continue to underpin the buck. The fundamental/technical setup supports prospects a slide below the $1,800 mark. Gold price comes under some renewed selling pressure on Friday and drops to […]
Ryan Cohen’s stake helps AMC rally
Ryan Cohen has reportedly taken a large stake in the company. AMC stock is up 3% against a declining NASDAQ. US Dollar strength caused by a hot NFP figure is hurting equities. JWN stock has traded up as much as 35% in Friday’s premarket. As if there was not enough news this week, meme stock […]
XAU/USD bulls could emerge ahead of Federal Reserve
Gold price hourly chart shows that the price is being jammed into the lows of the day. Gold price could see a short squeeze for the day ahead as traders get set for the Federal Reserve. The Gold price has drifted lower for a third day and is testing structure as we head towards key […]
XAU/USD seesaws around $1920s with traders bracing for US FOMC’s decision
Gold is subdued, though barely above its opening price, ahead of the Federal Reserve meeting. United States last week’s data justifies the Fed’s case to slow the size of interest rate increases. Gold Price Forecast: Choppy trading, still mostly sideways with traders sidelined ahead of the Fed’s decision. Gold price trades mostly sideways due to investors preparing […]
INTC down nearly 11% in premarket as poor guidance spreads worries
Intel stock has lost nearly 11% in the premarket INTC dropped on account of Thursday’s evening’s quarterly release. Intel missed earnings expectations by half and revenue consensus by $500 million. CEO Pat Gelsinger said current quarter’s revenue would be $3 billion below expectations. Well, that did not go as planned. Intel (INTC) launched the semiconductors […]
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 […]
XAU/USD bulls approach $1,967 ahead of United States Gross Domestic Product
Gold price takes the bids to renew nine-month high, up for the fourth consecutive day. US Dollar weakness underpins XAU/USD upside amid cautious mood ahead of the key United States Gross Domestic Product. Dovish bias surrounding the Fed contrasts with the hawkish outlook over ECB to weigh on USD and favor Gold buyers. Convergence of […]
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 […]
GOOG jumps on layoffs affecting 6% of search giant’s workforce
Alphabet will lay off about 12,000 employees. GOOG stock has benefited from the news on Friday. Alphabet will focus on AI technolgy. $102 is the next price target for GOOG bulls. Alphabet (GOOG) stock advanced 3.7% to $97.40 on Friday after the paid search and online advertising behemoth announced 12,000 job cuts. Recent data suggests Alphabet, […]