Gold prices hit an all-time high on Thursday after falling for the past five days. Prices were down compared to the previous quarter. The increase in US Treasury yields after the release of data in the United States (US) strengthened the dollar and weighed on the gold metal. Data from
The Gold price witnessed over one percent jumped on Monday. Gold is traditionally seen as a safe-haven asset, meaning that during times of geopolitical uncertainty, like the current conflict in Gaza and potential escalation involving Iran, investors often flock to gold to protect their wealth. This increased demand typically drives
The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, USDJPY. Gold & Silver Soar Dollar Index Sell below $102.500Downside Targets Looks $102.00—101.50Stop loss above $103.00 XAUUSD Buy above $2433Upside Target Looks $2450—$2460Stop-loss below $2417 XAGUSD Buy around $27.50Uside Targets Looks
As the US dollar rose and bond yields rose on Tuesday, gold prices bounced back from this high. days. Precious metals fell as investors looked for new clues, which could explain whether the United States (US) is heading into recession. Market participants are also waiting for clues about how much
The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, USDJPY Dollar Index Sell on rise around 103.20Downside Targets Looks 102.80—102.50Stop loss above 103.60 XAUUSD Sell below 2410Downside Target Looks $2400—$2390Stop-loss above $2420 XAGUSD Sell on rise around $27.35Downside Targets Looks
The U.S. dollar strengthen slightly on Monday, helped by a safe-haven bid as tensions rise in the Middle East, while sterling retreats ahead of this week’s Bank of England policy-setting meeting. Germany Inflation is one of the main triggers The dollar index, which tracks the exchange rate against six other currencies,
Main data today, The dollar fell to a more than two-month low against the yen on Wednesday as short yen futures fell and investors looked hawkish ahead of next week’s Bank of Japan meeting. Start removing financial incentives. Gold prices rose as the dollar weakened and investors turned to US
Gold and silver prices fell sharply on Tuesday after Finance Minister Nirmala Sitharaman announced a cut in customs duties on gold and silver to 6 percent. The tax on platinum was also reduced to 6.4 percent. Prices fall more than five percent in one day, which was the biggest drop
PMI reading and BoC policy take center stage today. The US dollar was broadly higher in quiet trading as investors digested US President Joe Biden’s decision to end his re-election campaign, which could add volatility to currency markets. However, the dollar weakened against the yen after two consecutive days of
With a whirlwind of data on the horizon today the spotlight seems to be shining on the US CPI data. Before discussing about today’s data lets take a recap into yesterday’s market movements. The US dollar was steady in early European trade on Wednesday, hovering near three-week lows as Federal
