News and Information
The gold explosion approached 2100 before the weekend, and next week will face many challenges
This Friday (March 1), the price of gold approached the $2,100/ounce mark, setting a new closing record, and the market is bracing for a week full of major macroeconomic risks. Next week, with the release of the February non-farm payrolls report,...
Gold trading reminder: PCE meets expectations, initial jobless claims increase, and gold prices hit a one-month high
Gold prices hit a one-month high 2050.59 February 29, closing 2043.99, US inflation data in line with expectations, the number of initial jobless claims in the United States increased slightly, providing gold prices with momentum last week. Traders turned their attention to the American League...
[Crude Oil Daily] Haitong Futures: Oil prices continue to operate within the shock range
- Night oil prices rose and fell, especially after the EIA data showed that crude oil construction 4.199 million barrels, the accumulated data was better than the early morning API released inventory but also exceeded expectations, refined oil inventories fell, the overall data lacked bright spots, after the news was announced, oil prices fell and failed to hold on to the rise, continuing the operating pattern within the shock range....
Crude Oil Trading Reminder: U.S. Merchant Ships Attacked, Concerns About Supply Disruption Grow, Oil Prices Rebound More Than 1%
Oil prices rebounded more than 1 per cent on February 26, analysts said, as European diesel demand, constrained by sanctions on Russia and shipping disruptions, pushed prices higher amid concerns that US refinery volumes were being constrained by planned overhauls.
Gold resumes its bearish trend and focuses on whether it can effectively break through $2065!
According to the spot gold market dynamics on Thursday (January 4), the price of gold has shown a slight rebound after yesterday's sharp decline, and the current price is around $2,046/ounce. Technical analysis shows that the price of gold has failed to effectively overcome the key resistance level of 2065.
The US dollar has strengthened for four consecutive days, and the yield on 10-year US bonds briefly exceeded 4%. Gold prices are facing the risk of a sharp decline
Since the beginning of the year, U.S. stocks have continued to decline, while U.S. bonds have started to rise following the release of the Federal Reserve's last meeting notes. The Nasdaq 100 index fell 1.1% on Wednesday (January 3), the longest losing streak in more than two months. Investment...
Gold prices are consolidating and waiting for major news from the United States. In the short term, there is still hope to reach 2100!
The dollar regained momentum and stabilized above the 102 mark, while gold gave up earlier gains and has now fallen below $2,060. The market is awaiting the release of Federal Reserve meeting notes and US economic data to further explore...
The dollar holds on to gains, keeping an eye on Federal Reserve minutes and economic data
In currency markets on Wednesday, the dollar held steady near two-week highs. Yesterday, the dollar had jumped, a rally supported by higher Treasury yields and a cautious turn in investor sentiment. However, currency trading was relatively sluggish, with daily...
Forex market week ahead: dense data to start the new year, focusing on non-farm and euro area inflation
The dollar has had a major rollercoaster ride in 2023, as hopes of a Fed pivot have repeatedly been dented by unexpectedly strong economic data, which tend to come from the strength of the US labour market. But this time traders appear to be...
The five major institutions are unanimously optimistic about gold, and it is expected to challenge $2,250 in 2024!
In the current international political situation, the increase in geopolitical tensions and the possible interest rate cut by the Federal Reserve in 2024 have created great uncertainty for the global economy. This uncertainty provides support for the rise in gold prices....
US political boss: the United States is on the verge of bankruptcy, gold and silver are the most reliable
Ron Paul, the US political boss and a former Republican member of the House of Representatives, said he believes the US is on the brink of bankruptcy and that astronomical monetary expansion and fiscal spending are driving up gold prices, noting that the US national debt has risen in just six months.
Dollar struggles to gain a foothold in light trading, yen stabilizes
The dollar tried to find a bottom in holiday-light trading on Tuesday amid signs that inflation in the world's largest economy is cooling, which could give the Federal Reserve room to cut interest rates next year.
Investors are bearish on the Canadian dollar, with net short positions rising to their highest level in nearly five years
Brad Bechtel said, "The Canadian dollar is still very short as inflation remains stubborn and growth is sluggish. The market has been shorting pro-cyclical G10 commodity currencies this year, including the Australian dollar, Norwegian krone and Canadian dollar....
Gold Outlook: In 2024, three major power sources will support gold to reach a new high, reaching 2525.
In 2024, interest rate cuts by the Federal Reserve, recession fears, and tensions in the Middle East could prompt gold prices to rise. In 2023, the banking crisis and geopolitical tensions have had a significant impact on the gold market, strengthening gold as a safe-haven asset...
This week's economic data reinforces market confidence in the FED's interest rate cut, leading to analysis of major currency pairs next week
On Friday (December 22), data from the Federal Reserve's favorite inflation measure came in below expectations, and the dollar stabilized near five-month lows against 10 currencies in a weekly rout. U.S. bonds rose for the fourth consecutive week, the most since March.
