Fundamental Analysis

Concerns Over US Economic Data Keep Gold Prices Near Three-Week Low

On Thursday, gold prices remained close to a three-week low due to concerns about higher-than-expected US economic data. This raised worries that US interest rates may remain elevated for longer, strengthening the dollar and bond yields.  David Meger, director of metals trading at High Ridge Futures, commented, “We observed some inflationary data exceeding expectations, leading Read More…

Fundamental Analysis

Gold Prices Slide as Attention Shifts from Fed Pause to US Economic Strength

Gold prices fell as US data strengthened, overshadowing the Fed’s expected pause. Brian Lan from Singapore dealer GoldSilver Central mentioned, “Market participants seek higher returns, and currently, the dollar appears attractive.” The dollar was heading for its longest weekly winning streak in nine years thanks to robust US economic data. This week’s data revealed a Read More…

Trading Psychology Trading Tips

The Importance of Effective Risk Management in Trading

When it comes to managing risk in trading, it is essential to understand how to do it effectively. Whether you’re a seasoned trader or just starting your journey into the financial markets, understanding the importance of managing risk is essential to safeguarding your capital and achieving long-term success. This guide will explore why risk management Read More…

Fundamental Analysis

Gold Dips as Fed Rate Outlook Remains Unchanged

Gold declined on Thursday, marking another month of losses. As-expected US inflation figures and weaker job data reinforced the anticipation that the Federal Reserve will maintain interest rates at their current levels throughout this year. The price of gold settled down by 0.36% at $1,965.9 per ounce, concluding the month with a 2.16% decrease, marking Read More…