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Strategy Behind Central Banks Buying Gold to Protect Economies – Edge-Forex :
BySilas WCentral banks buying gold has become a significant trend in the global financial landscape. In recent years, this strategy has gained momentum as these institutions stock up on gold reserves to safeguard their economies. Central banks view gold as a reliable safe-haven asset, offering protection against economic instability and geopolitical risks. This trend is not…
RBA Saves Aussie from Nosediving. Forecast as of 07.08.2024 | LiteFinance
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Forex overview. US Dollar Weakness Supports Long Setup in Gold and Commodity Currencies – ForexNews.PRO
BySilas WAmidst subdued trading activity, the US dollar is exhibiting a slightly weaker tone. With the US economic calendar relatively light this week, market participants are increasingly focused on the potential inclusion of currency-related provisions in upcoming US trade agreements with Asian nations. Moreover, a growing consensus suggests that the dollar may have already reached a…
Too labored bottoming
BySilas WS&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I had been bearish ever since the intraday update issued for them during Powell conference latter minutes. Source link

