Gold futures remained firm on Wednesday, consolidating gains as traders await key US releases ahead that could shape the FOMC meeting next week. Gold Feb futures were trading near $4,230, up 0.25%, at the time of writing. The broad futures markets continue to price in a dovish shift from the Fed, while safe-haven demand for Read More…
Introduction Gold futures (GC) are gaining bullish momentum again, climbing and pushing back above $4,190 and making space between itself and the 50-day moving average. Now the all-time high of $4,398 is back in sight, and GC only needs to rally 4.6% to hit it. Let’s take a closer look at the technicals and what Read More…
Gold futures are poised to extend their upward trajectory as markets lean aggressively into expectations for a Fed rate cut in December. Moreover, softer US economic data, such as sluggish Retail Sales, a cooling Producer Price Index, and weakening Consumer Confidence, have reinforced the view that the Fed has room to ease without threatening the Read More…
Gold futures edged higher on Wednesday as traders weighed shifting expectations for the Fed’s rate, softening labor market data, and an unsettled geopolitical backdrop. The December COMEX gold futures held modest gains above $4,100 area during the European session. Fed’s December rate cut expectations have trimmed to 49%, as reflected by the CME FedWatch Tool. Read More…
Introduction Last time we featured Geoffrey, a registered nurse who traded futures on the side and withdrew $13,000 in just six trading days. Since then, he’s continued his winning streak — his latest withdrawal added $14,000 in only six days, bringing his total withdrawals to $30,500. What makes this even more impressive? Geoffrey balances his demanding Read More…
Gold futures slipped in Tuesday’s New York session, snapping a 3-day winning streak, as US government reopening optimism eased the safe-haven demand. The precious metal saw profit-taking after surging to a 3-week top above $4,150. During today’s Asian session, the gold futures fell to $4,100 area, weighed by a rebound in Dollar Index (DXY), rising Read More…
