ForexGlobal

ForexGlobal Updated 

On Tuesday, gold prices strengthened despite U.S. Treasury yields reaching their highest point in nearly 16 years. This non-yielding asset held its position, as investors eagerly awaited this week's central bankers' meeting for insights into potential changes in interest rates. XAUUSD SELL 1895 -1897🕯 ✅ TP1: 1889 ✅ TP2: 1882 ⚠️ SL: 1905

ForexGlobal

Gold is trading flat in the Asian morning session, following a decline overnight, as investors contemplate the U.S. Federal Reserve's upcoming policy decisions. ANZ analysts suggest that robust recent economic data may prompt the Fed to consider tightening monetary policy. Investors are keenly observing the Jackson Hole symposium this week for additional insights....

ForexGlobal Updated 

In the early Asian trading session, gold is making a recovery after experiencing a period of suppression due to the strengthening of the U.S. dollar. Warren Venketas, an analyst at Daily FX, suggests that as concerns about economic growth in China continue to rise, the appeal of gold as a safe haven asset may also increase. Investors are keeping a close eye on...

ForexGlobal

On Monday, gold remained below the $1,900 per ounce mark, staying in close proximity to its lowest levels in five months. This trend emerged as investors prepared for the annual gathering of central bankers in Jackson Hole, Wyoming later in the week, seeking insights into the economic and interest rate landscape. Furthermore, the metals faced downward pressure...

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Despite GBP/USD confirming a breakout below the significant rising trendline from the previous year, the British Pound held its ground against the US Dollar in the past week. The 100-day Moving Average remained a crucial support level, preserving the broader upward focus. However, a closer examination of the overall price action reveals the potential formation of...

ForexGlobal Updated 

"The US Dollar Dominates, Gold Struggles, and Equity Markets Face Volatility" The US Dollar had a strong week, outperforming other major currencies. Gold prices suffered, primarily due to rising longer-term Treasury yields, as financial markets anticipated a higher terminal rate from the Federal Reserve, supported by robust economic data. Equity markets also...

ForexGlobal Updated 

Gold is experiencing a slight increase in the early trading hours of the Asian market, which appears to be a probable technical recovery. On Thursday, gold futures recorded their ninth successive session of decreases, marking the lengthiest sequence of daily losses since 2017. The diminished strength of the US dollar, a factor that traditionally enhances the...

ForexGlobal

GBP/USD: Data from retail traders reveals that 48.97% of them have taken net-long positions, resulting in a short-to-long ratio of 1.04 to 1. Interestingly, traders have maintained net-short positions since August 1st when GBP/USD was trading around 1.28, and the price has decreased by 0.33% since that time. The count of traders in net-long positions has decreased...

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The gold price is facing pressure once more as Friday's trading session approaches, largely due to the US Dollar's ongoing strength supported by increasing Treasury yields. Overnight, the DXY (USD) index reached its peak since early June, coinciding with spot gold touching its lowest point since March, briefly hitting US$1885 per ounce. The substantial rise in...

ForexGlobal Updated 

Gold remains stable during the early hours of the Asian session, and there's a chance of a technical recovery as a response to the eight consecutive days of price decline observed on Wednesday, with prices reaching their lowest point since July 6. Some experts believe that the potential for Chinese purchasing could also provide support to the precious metal....

ForexGlobal

On Thursday, the U.S. dollar's persistent strength drove the yen further towards a zone that might warrant intervention. This movement was driven by the robust state of the U.S. economy, which highlighted the necessity for maintaining higher interest rates for an extended period. This stood in contrast to the considerably dovish stance of the Bank of Japan. In...

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Gold prices touched a five-month low on Thursday, as both the U.S. dollar and Treasury yields gathered momentum due to recent positive economic data, reinforcing the anticipation that the Federal Reserve would continue its policy tightening trajectory. As of 0335 GMT, spot gold (traded as GOLD) maintained its position at $1,893 per ounce, after descending to its...

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Over the past eight sessions, gold prices have experienced consecutive declines alongside a rise in the benchmark 10-year U.S. Treasury note yield, reaching levels not seen since 2008 earlier this week. The minutes from the Federal Reserve's July meeting revealed that a majority of senior officials expressed the likelihood of requiring further tightening of...

ForexGlobal Updated 

During the early hours of the Asian trading session, gold maintains a stable position, benefiting from the decrease in Treasury yields. This factor enhances the allure of this non-interest-bearing precious metal. Nonetheless, the potential for gold to remain in a challenging situation, often referred to as the "house of pain," persists if the ongoing sell-off in...

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Gold experienced a decline on Tuesday, reaching a nadir of $1,895.50 per ounce, marking its lowest point since the conclusion of June. This drop occurred in conjunction with 10-year U.S. Treasury yields reaching an almost 10-month pinnacle, rendering them more appealing than bullion, which does not yield interest. Tim Waterer, the chief market analyst at KCM...

ForexGlobal

Gold sentiment has been adversely affected this month, with prices experiencing a decline of approximately -3.2%. The concurrent influence of increasing Treasury yields and a stronger US Dollar has placed significant pressure on the value of this precious metal. Should these losses persist, it could mark the most challenging month for XAU/USD since February....

ForexGlobal Updated 

Heading into Tuesday's trading session, the price of gold remains subdued as the US Dollar strengthens, supported by rising Treasury yields. The entire metals sector is experiencing a general decline, hampered by the robust Dollar and diminishing appetite for assets tied to risk and growth. Among the metals, industrial varieties have suffered more pronounced...

ForexGlobal

Mark Yusko, the CEO, CIO, and Founder of Morgan Creek Capital Management, LLC, a prominent investment firm, recently expressed his optimistic outlook on Bitcoin's future trajectory. In a conversation with Michelle Makori, Kitco News' Lead Anchor and Editor-in-Chief, Yusko, drawing from his extensive financial expertise, identified two key drivers that he believes...