NicoTradingMaster

NicoTradingMaster Updated 

Gold costs are predicted to growth due to the fact hobby prices will decrease and the USD will weaken. Gold costs are trying out degrees above 2,four hundred USD/ounce. Indicators display that gold costs have an upward trend. Gold costs are predicted to preserve to growth withinside the close to future. Gold rate for August shipping is coming near 2,four hundred...

NicoTradingMaster Updated 

The market will also pay close attention to US CPI in June This morning, world gold prices are still trading around the high mark of last week's session. The world gold market will likely be more exciting this week Currently, optimism is covering the gold market, as recent data shows cracks in the US economy, a weakening US labor market and falling inflation. The...

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The number of initial applications for unemployment benefits in the US increased last week, while the number of unemployed people continued to increase to the highest level in 2 and a half years at the end of June 2024, consistent with the labor market being gradually cool down. Following US economic data, the dollar fell to a two-week low, making gold more...

NicoTradingMaster Updated 

World gold prices increased more than 1% to the highest level in nearly two weeks in the trading session on Wednesday (July 3) due to increasing expectations that the US Federal Reserve (Fed) will cut interest rates. in September, after recent US data showed the labor market was weakening. Closing the session, daily gold price increased 1.2% to 2,357.06 USD an...

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The US central bank still needs more data before cutting interest rates to ensure the recent weak inflation figures accurately reflect underlying price pressures. Previous data showed U.S. jobs rose to 8.14 million in May. Friday (US time), which will be important in assessing whether the US labor market remains resilient amid decades of high interest rates.

NicoTradingMaster Updated 

US Federal Reserve (FED) Chairman Jerome Powell and expect US employment data to be released later this week for further signals on US interest rate cuts. Yields on 10-year Treasury notes hit a one-month high and remained high, making non-yielding bullion less attractive. The market remains very sensitive to any discussion about interest rates or anything related...

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Gold costs rose greater than 1.0% on Thursday, way to a pointy drop in US authorities bond yields after records at the US hard work marketplace became released. Specifically, the range of packages for unemployment blessings withinside the 2nd week of November improved better than expected, achieving 231,000, better than the forecast of 220,000. The range of humans...

NicoTradingMaster Updated 

Gold prices rose more than 1.0% on Thursday, thanks to a sharp drop in US government bond yields after data on the US labor market was released. Specifically, the number of applications for unemployment benefits in the second week of November increased higher than expected, reaching 231,000, higher than the forecast of 220,000. The number of people receiving...

NicoTradingMaster

Gold costs will remain caught until "some thing shakes up the marketplace as a whole." to get better again to 2,340 USD/ounce. This absolutely offset final week`s losses. Investors need to now no longer promote at the moment due to the fact "in case you are preserving gold long-term, there's no purpose to promote due to the fact the charge remains above 2,2...

NicoTradingMaster

Gold prices will continue to be stuck until "something shakes up the market as a whole." to recover back to 2,340 USD/ounce. This fully offset last week's losses. Investors should not sell at this time because "if you are holding gold long-term, there is no reason to sell because the price is still above 2,200 USD/ounce".

NicoTradingMaster

US economic data on June 27 was not very positive: the number of applications for unemployment benefits reached the highest level since November 2021, the number of durable goods orders showed a bad signal for Q2 GDP, sales Pending home sales hit a record low, and finally, the Kansas Fed's manufacturing activity stagnated for the 21st straight month. Keeping...

NicoTradingMaster

In the market, investors are currently waiting for important US economic data later on June 27 on growth and unemployment data to gather more clues about the future of monetary policy. Data released earlier this week showed that US consumer confidence eased in June amid concerns about the economic outlook, but households remained optimistic about the labor market...

NicoTradingMaster Updated 

Gold fees are forecast to range strongly withinside the last days of the week. In the fast term, the treasured steel`s help stage is 2,three hundred USD/ounce and the resistance stage is 2,340 USD/ounce. This treasured steel is attracting cash managers and hedge funds. Look at this need Fed Governor Michelle Bowman on Tuesday reiterated her view that maintaining...

NicoTradingMaster Updated 

Gold prices are forecast to fluctuate strongly in the remaining days of the week. In the short term, the precious metal's support level is 2,300 USD/ounce and the resistance level is 2,340 USD/ounce. This precious metal is attracting money managers and hedge funds. Look at this need Fed Governor Michelle Bowman on Tuesday reiterated her view that keeping policy...

NicoTradingMaster

World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world In the long term, the upward trend in gold prices remains unchanged. However, in the short term, precious metals continue to be under selling pressure due to a strong USD and the rather cautious monetary policy of the US Federal Reserve...

NicoTradingMaster

Gold prices continue to be influenced mainly by US interest rate expectations. And the stability in recent sessions reflects the lack of strong signals on the Fed's monetary policy. World gold prices plummeted as the USD continued to demonstrate its strength compared to most other currencies in the world Gold price dropped sharply mainly due to the increase in...

NicoTradingMaster

Yesterday, lower-than-expected monthly CPI and Retail Sales data in the US supported the possibility of multiple interest rate cuts by the Fed in 2024. US CPI decelerated to 0.3% in April, lower than the expected level of 0.4%. While Retail Sales were flat, missing the expected increase of 0.4%. The DXY index fluctuates around 104.20. The decline in US government...

NicoTradingMaster Updated 

According to my analysis of today's gold trend, there will be a recovery at the 2030 price range and gold may go down again and start Sideways at the 2020 range.