News and Information
Gold bears have assembled, waiting for the Federal Reserve to raise interest rates
Daocheng Technology Financial News - On Friday (April 19), spot gold fluctuated slightly below its all-time high level in the Asian session and is currently trading around $2376.49/ounce. Safe-haven gold rose 0.74% on Thursday to close at 23...
The strengthening dollar has weakened the competitiveness of U.S. soybeans, with soybean prices hovering near four-year lows
DAOCHENG TECHNOLOGY FINANCIAL WIRE - Soybean futures in Chicago hovered above a four-year low on Wednesday as a stronger dollar made U.S. exports less competitive in a market plentiful of cheap soybeans in South America. As of 19:50 Beijing time, Chicago futures...
Four Technical Indicators for Trend Trading
Trend trading is the use of technical indicators to determine the trend of an asset to obtain income. In fact, there are various ways to achieve this. Of course, no single technical indicator can directly lead you to the door of wealth. In addition to using...
Iran launched an attack, causing the price of gold to rise by nearly $30 at one point, warning of high volatility and peaking
Daocheng Technology Financial News - Gold prices jumped $13 to $2357.71 an ounce at the start of Asian trading on Monday (April 15), and then continued the rally, reaching a maximum of $2372.45 an ounce.
Too crazy! The price of gold has reached an all-time high again! It turns out that there are three major bullish supports
Daocheng Technology Financial News - In early Asian trading on Friday (April 12), spot gold rose slightly, briefly setting an all-time high of $2379.36 an ounce. Gold prices rose nearly $40 on Thursday, hitting a high of 2377.60 U.S. dollars during the session...
US inflation data has dented hopes of an early rate cut, and gold's decline has only just begun. It is reasonable to go short now
Gold prices rebounded slightly on Thursday (April 11). Spot gold is currently trading around $2341.02/ounce, up about 0.3%, supported by geopolitical concerns. However, the US inflation data released overnight was hotter than expected, cutting...
Gold prices have reached a record high for the seventh consecutive day, and the market outlook is 2,500.
Daocheng Technology Financial News - Huang Tuesday (April 9) Asian morning, spot gold fluctuated narrowly, and is currently trading around $2338.4/ounce. Gold prices hit a record high for the seventh consecutive day on Monday to 2353.83...
The foreign exchange market super week --- the US CPI and the Federal Reserve meeting notes "dance together", the three major central bank resolutions hit
Daocheng Technology Financial News - Last week, the market was volatile, the non-farm payrolls report was released, the Middle East was tense, the Federal Reserve officials made frequent remarks, the price of gold continued to rise, the US Dow Jones index recorded its worst performance this year, and the US dollar continued to be under pressure....
Gold trading reminder: The Federal Reserve may delay interest rate cuts, focusing on three bearish effects
Daocheng Technology Financial News - Gold prices rose last Friday (April 5), hitting a high of $2330.96 an ounce, setting a new record high, despite strong U.S. job growth in March, including U.S. interest rate cut bets, speculative buying...
Gold brushes another record high to $2,274, trading nearly $1.30 billion in one minute
Daocheng Technology Financial News - In the US market on Tuesday (April 2), the short-term gain of spot gold expanded to more than 10 US dollars, setting a record high to 2274.21 US dollars per ounce, rising nearly 23 US dollars in the day. (30-minute chart of spot gold...
Gold trend confusion: After the gold price skyrockets, it may be corrected! Can non-agricultural data hold up?
Daocheng Technology Financial News - Gold prices continued to rise on Monday (April 1), hitting another record high, mainly driven by expectations of US interest rate cuts and the attractiveness of gold as a safe-haven asset. The US PCE price index released last Friday showed no surprises...
PCE data shows that U.S. inflation slowed in February, and gold prices opened more than $10 higher to set a new record high
Daocheng Technology Financial News - Spot gold opened more than $10 higher in Asian morning trading on Monday (April 1), setting a new all-time high of $2245.18 per ounce, as the US February PCE data released last Friday (March 29) showed that the US...
Gold Trading Reminder: Rising Crazy! Two bulls encouraged bulls, and gold prices hit a new record high
Daocheng Technology Financial News - Spot gold was closed on Friday (March 29) for the Good Friday holiday. Gold prices hit another record high on Thursday and recorded their best monthly performance in more than three years, helped by expectations of interest rate cuts from the Federal Reserve and strong safe-haven demand. Spot gold...
Gold trading reminder: the price of gold is three consecutive suns! Before the US data is released, investors are keeping their eyes on it
Daocheng Technology Financial News - Spot gold weakened slightly in early Asian trading on Thursday (March 28), trading around $2190.88 an ounce, down about 0.18%, as Federal Reserve governors said it would take "a few months" to improve inflation.
Gold trading reminder: Gold prices rose slightly, traders wait for inflation data to take the pulse of the interest rate cut window
- On Tuesday (March 26), at the beginning of the Asian market, spot gold fluctuated narrowly, and is currently trading near $2172.36/ounce. Gold prices rose 0.3% on Monday, and spot gold closed at $2171.58/ounce, subject to the American League...
