Fundamental Analysis

Gold Prices Edge Higher in the Hush of Thinned Trading

On Thursday, gold prices rose as the US dollar weakened, but investors stayed on the sidelines due to holiday-thinned trading and uncertainty about the Federal Reserve’s rate path. However, gold was heading for a second consecutive weekly gain. Financial markets in the past week witnessed declining yields and a weakening US dollar, which favor an Read More…

Funded Traders Funded Trading Interviews Withdrawals

Cesar V. Withdraws Over $75K in 40 Days: The Success Story of a Funded Trader

Who is Cesar V. & His Journey with OneUp Trader Cesar V., a remarkable funded trader from Mexico, has achieved an extraordinary feat in his funded trading account. In under 40 days, Cesar withdrew a staggering $76,500 from his $250K funded trading account with OneUp Trader, and he’s currently managing over $50,000 in unrealized profits. Read More…

Fundamental Analysis

Gold Prices Surge on Speculation of Significant US Interest Rate Cuts

Gold surged Thursday, with investors factoring in nearly 100 basis points of US interest rate cuts in the coming year. Thursday’s weak US economic data supported this expectation. Futures markets now indicate 98 basis points of Fed rate cuts for next year, up from 73 bps a week ago.  US jobless claims (Source: US Labor Read More…

Technical Analysis

Gold Futures (GC) Rally Again As Bulls Accumulate

Introduction As geopolitical tensions continue to simmer, gold’s status as a safe-haven asset is once again coming to the fore, driving buying interest in Gold Futures (GC). With an eye on the short-term trends, let’s look into the daily chart for a technical view of where GC futures stand. Resistance at the $2019.7 high The Read More…

Fundamental Analysis

Gold Prices Climb Despite Powell’s Hawkish Comments

Gold prices increased on Thursday despite Powell’s comments that interest rates may not be high enough to combat inflation. This increase might be because investors had already priced in Fed hawkishness earlier in the week.  Some Fed officials are emphasizing the possibility of further rate hikes if inflation does not decline toward the 2% annual Read More…