News and Information
Gold trading reminder: French election spoiler, gold prices slightly under pressure, bulls still looking towards 2450
On the morning of July 8, spot gold weakened slightly and is currently trading around $2385.69 an ounce. The unexpected result of the French election over the weekend, the weakening of the euro, provided a chance for the US dollar to rebound, so the price of gold slightly...
Silver rallied more than 3% to a new high in more than a week, analysts: resistance near the next target of 30.84
On Wednesday (July 3), spot silver rose more than 3% and has broken through the $30.00/ounce mark. FXStreet analyst Christian Borjon Valencia recently wrote an analysis of the technical trend of silver prices....
Crude oil trading reminder: EIA crude oil inventories fell much more than expected, and oil prices remained at more than two-month highs
Foreign exchange platform - International oil prices stayed near more than two-month highs in Asian markets early on Thursday (July 4). Oil prices rose about 1% on Wednesday after reports showed US crude inventories fell more than expected, but concerns about rising global inventories limited gains in light trading ahead of the US Independence Day holiday....
Trump's rise to power could prompt investors to turn to gold, which will benefit from the trade war
Precious metals analysts at Forex Platform said the prospect of a Trump victory in November could drive global investors towards gold, with both bullion and gold prices set to benefit from tariffs and trade disputes.
Oil trading alert: Concerns over Hurricane Beryl ease, gasoline inventories unexpectedly rise
Foreign exchange platform - International oil prices fluctuated slightly in early Asian trading on Wednesday (July 3), and US crude oil is currently trading around $82.98/barrel. Brent crude oil futures and US crude oil futures rose and retreated on Tuesday, correcting gains and closing slightly lower after refreshing more than two-month highs. Concerns about supply disruption caused by Hurricane Beryl gradually eased. Although API inventories fell sharply, API gasoline inventories unexpectedly increased when demand peaked....
The far right won the first round of the French election, and the euro rose to a nearly two-week high on Monday
The latest key data released by Japan on Monday (July 1) showed that the confidence of large Japanese manufacturers has risen compared with three months ago, opening the door for the Bank of Japan to consider raising interest rates later this month....
Confidence among large Japanese manufacturers has risen from three months ago, providing data support for the Bank of Japan to raise interest rates in July
The latest key data released by Japan on Monday (July 1) showed that the confidence of large Japanese manufacturers has risen compared with three months ago, opening the door for the Bank of Japan to consider raising interest rates later this month....
The US PCE inflation data is coming! Gold prices rose nearly $30 overnight. Do bears still have a chance?
On Thursday (June 27), as weak economic data supported expectations that the Federal Reserve will start cutting interest rates this year, weighing on the dollar, spot gold rose sharply by nearly $30 after falling sharply in the previous session....
The Bank of England warns the world that the upcoming election could affect financial stability
The Bank of England warned on Thursday that policy uncertainty related to upcoming elections in France and the United States has increased the risk of market volatility and other economic consequences.
The dollar rose above the 160 mark against the yen, setting a new high in nearly 40 years. Strategist: Further intervention may be equally ineffective
FX Platform - As the yen continues to fall rapidly below milestones, the Japanese authorities face the grim reality that the yen's decline will not stop unless the Federal Reserve abandons its policy path of maintaining high interest rates for a long time. And there is nothing the Fed can do about it....
Forex Analyst: Silver is technically bearish, with the first support level at 28.28.
Spot silver took another hit on Wednesday (June 26), falling to around $28.70 an ounce. FXStreet analysts ChristianBorjonValencia the latest...
Central banks will continue to support gold prices, but the second half of the monsoon could reduce demand for the precious metal in India
Heraeus precious metals strategist says gold prices will continue to be supported by strong central bank buying even if Chinese buying slows. However, demand for silver and gold in India is likely to decline later this year....
A number of Federal Reserve officials have issued warnings of intervention! The dollar/yen has been blocked by more than 160 points, and analysts say the technical signals are still too high
On Wednesday (June 26), the dollar/yen remained long at 159.73, but failed to break through the 160 mark smoothly. A number of senior Japanese officials attacked together and threatened to intervene. The black swan time pricing of Japan's July interest rate hike became more and more intense, and the market kept an eye on Japan's economic indicators, suppressing the dollar/yen buying further higher....
Bank of America: Fed rate cuts and bond market friction could push gold prices up to $3,000
Bank of America, a foreign exchange platform, said the gold market may be in a state of consolidation for now, but it is expected to rise sharply as the Federal Reserve cuts interest rates later this year and rising debt further exacerbates economic uncertainty.
Foreign exchange platform survey: retail investors are still bullish on the gold market, and Wall Street is increasingly divided
Spot gold opened last week at $2332.64, and after falling to a daily low of $2311.50 around noon EST last Monday, there was little change except for a low of $2307.38 next week on Tuesday morning....
