News and Information
The US GDP data is bright, gold bulls are "blocked", and the market increases bets on interest rate cut expectations or provides support for gold prices
Gold prices retreated from an overnight high above $2,050 an ounce on Wednesday as the market reacted to stronger-than-expected economic activity in the third quarter. As of press time, spot gold was trading at $2041.32/...
The dollar is expected to post its worst monthly performance of the year! A look at the winners and losers in the currency wars
The dollar is having its worst performance of the year, which is good news for countries that rely on commodity imports and those repaying dollar-denominated debt, but U.S. businesses and consumers may have to pay more for imports. So far in November,...
The governors of the British, Japanese and European Central Banks made statements on the same day, all emphasizing that the 2% inflation target has not been achieved
On November 27, Bank of England Governor John Bailey said, "We have to get [inflation] down to 2%, which is why I've been throwing cold water on the assumption that we are talking about cutting rates or that we will cut rates in the foreseeable future, because now...
Analysts' latest forecast: Gold prices will soon break through $2,500/ounce! What do you think?
On November 26, some analysts predict that global uncertainty and geopolitical tensions, coupled with a surge in investor demand for gold, could prompt international gold prices to reach a record high of $2,500 an ounce soon.
Gold easily won 2010, and this week's economic data storm was intense
The calm before the storm! Last week's panic index plunge did not bring a good start. On the contrary, on Monday (November 27), global markets started with a cautious tone, European stocks began to decline, and US stock futures were under pressure. Gold easily won the 2010 major market in this atmosphere.
On November 27, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 27, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1159 yuan for 1 US dollar and 7.7873 yuan for 1 euro.
The fear index fell to its lowest level since January 2020, and the bond market rally stalled this month
On Friday (Nov. 24), U.S. stocks barely moved in holiday-shortened trading, while U.S. Treasuries fell, and the rally in global bonds this month showed signs of stalling. The S & P 500 Index closed little changed, but for the fourth consecutive...
After a major break in gold, a bigger rally is brewing! Well-known analyst: bulls look to 2046
Driven by the weakness of the US dollar, gold prices broke through $2,000 an ounce last Friday and closed above this important level. Nicholas Kitonyi, an analyst at the well-known financial website FXDailyReport, wrote on Friday that...
On November 23, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 23, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1212 yuan, 1 euro to 7.7738 yuan, 100 yen to 4.7785 yuan, 1 Hong Kong dollar to 0.91329 yuan, 1 pound to 8.9220 yuan, 1 Australian dollar to 4.6739 yuan, 1 New Zealand dollar to the people...
Saxo Bank: Gold and silver will usher in a "Santa Claus market", with gold returning an average of 4% in December over the past 6 years
On Wednesday (Nov 22), Ole Hansen, head of commodity strategy at Saxo Bank, said the end of interest rate hikes meant a decline in bond yields and the dollar, which would drive gold and mining stocks higher in 2024. "Gold prices are once again challenging the key resistance level above $2,000, and a breakout could end the year strong again, as gold and silver have seen over the past six years, when a'Santa Claus' rally in December brought gold's flat...
Gold trading reminder: Fed meeting notes limited impact on precious metals, long and short contention 2000 mark
On Tuesday (November 21), spot gold surged, rising from below $1,980/oz to near the key resistance level of $2,000/oz. This upward trend persisted even as stock prices fell and the dollar stabilized. Gold prices rose on Tuesday as Treasury yields held steady. After touching $2,007/oz, gold prices fell back to near $2,000/oz. The overall trend remains skewed to the upside, buoyed by the fact that the Federal Reserve is no longer raising interest rates...
On November 22, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 22, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1254 yuan for 1 US dollar, 7.7946 yuan for 1 euro, 4.8203 yuan for 100 yen, 0.91411 yuan for 1 Hong Kong dollar, 8.9545 yuan for 1 pound, 4.6834 yuan for 1 Australian dollar, and 4.6834 yuan for 1 New Zealand dollar.
Gold prices have surged around $10 in the short term, approaching a two-week high. FXStreet analysts: technical indicators support continued upward movement
On Tuesday (November 21) in early Asian trading, spot gold suddenly rose sharply by about $10 in the short term. Gold prices just broke through $1988/ounce, refreshing two-day highs. The nearly two-week high resistance hit last Friday was around $1993.31/ounce. FXStreet analyst Matías Salord recently wrote an analysis of the technical outlook for gold. Salord pointed out that the dollar continued to fall, and the dollar index fell to...
After the dollar fell to a near 2-month low, the bearish signal strengthened! Maintaining this week's negative outlook
After last week's biggest weekly drop since July, the dollar kicked off a new week by maintaining a downward trajectory. On Monday (November 20), the dollar index fell to its lowest level in the past 2 months, reaching a low of 103.36, while sending a bearish signal based on recent economic developments. Following last week's lower-than-expected inflation data, investors' belief that the Federal Reserve has completed raising interest rates has solidified. As a result, the market turned its attention to when the Federal Reserve may open...
On November 21, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 21, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 1 US dollar to 7.1406 yuan, 1 euro to 7.8349 yuan, 100 yen to 4.8257 yuan, 1 Hong Kong dollar to 0.91629 yuan, 1 pound to 8.9481 yuan, 1 Australian dollar to 4.6942 yuan, 1 New Zealand dollar to the people...
