On Thursday, gold prices retreated from a two-month high due to a rise in the dollar and bond yields. However, the decline was limited as hopes persisted for a potential pause in US Federal Reserve rate hikes after the July meeting. According to David Meger, director of metals trading at High Ridge Futures, the rebound Read More…
Gold prices neared one-month highs on Thursday as the US dollar and Treasury yields declined. The declines reflected expectations that the US Federal Reserve would soon conclude its rate-hike cycle. The dollar index reached its lowest point in over a year, making gold more affordable for international buyers. Additionally, US Treasury yields fell, reducing the Read More…
Weekly Chart The weekly chart shows a series of bullish candlestick formations. Long wicks to the downside show that there is a high demand for gold even when the sellers try to push the price down heavily. We can take note of this as a bullish signal. There has also been a slight decrease in Read More…
Gold prices declined after a stronger-than-anticipated US private payrolls report, reaching a nearly one-week low on Thursday. The employment report boosted expectations for additional interest rate hikes by the Federal Reserve, resulting in higher Treasury yields. Despite concerns of a recession due to rising interest rates, the June data revealed a greater-than-expected increase in US Read More…
On Tuesday, European equities remained stable in low-volume trading due to the absence of fresh economic data from the region and uncertainty regarding global interest rates. Investors exercised caution as they assessed hawkish signals from central bankers alongside indications of slowing global growth. The pan-European STOXX 600 index closed slightly higher, increasing by 0.1% and Read More…
Gold rebounded on Thursday from a momentary drop below the $1,900 psychological level, which was triggered by a series of strong US economic readings. Following the release of the data, prices dipped below $1,900 for the first time since mid-March. This drop was supported by a 0.4% strengthening in the dollar index, which made gold Read More…
