Fundamental Analysis

Gold Surges as Jobless Claims Jump, Supporting a Fed Pause

Gold prices rose by 1% on Thursday as US weekly jobless claims surged, strengthening the expectation that the Federal Reserve will pause its interest rate hiking cycle.  The surge in new claims for unemployment benefits last week suggests a slowdown in the labor market, indicating potential recession risks. Edward Moya, a senior market analyst at Read More…

Fundamental Analysis

Gold Surges as Dollar Declines Amid Reduced June Rate Hike Bets

On Thursday, gold surged by nearly 1% to reach a one-week peak due to a decline in the dollar’s value amid reduced rate hike expectations. The rise in gold also occurred after the US House of Representatives approved a bill to lift the federal debt limit. Despite opposition from hardline members of both political parties, Read More…

Fundamental Analysis

Gold Plunges to 2-Month Low Amid Progress in Debt Ceiling Talks

Optimism surrounding the US debt ceiling talks and strong economic data exerted downward pressure on gold, pushing it to a two-month low on Thursday. Safe-haven demand for bullion diminished as US President Joe Biden and top congressional Republican Kevin McCarthy neared a potential agreement to cut spending and raise the debt ceiling. The progress in Read More…

Funded Traders Funded Trading Withdrawals

Meet Karan, a funded trader from trader mindset who withdrew $17,500

Meet Karan, a talented futures trader at OneUp Trader from trader mindset. Based in California, in the United States, Karan trades the $250,000 Evaluation. He has withdrawn $17,500 so far with his aggressive scalping style.Karan primarily trades one instrument, NQ. He has become an expert in trading this popular futures contract and has an average Read More…