Dollar The dollar index corrected after four consecutive weeks of gains. This is typical when national currencies and bond markets come under pressure ahead of important elections. The U.S. is facing this right now, although the dollar is often seen as a safe haven in times of market turmoil. In this case, gold and cryptocurrencies…
Gold – 31.10.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Gold prices rose in Pakistan on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 24,635.73 Pakistani Rupees (PKR) per gram, up compared with the PKR 24,530.90 it cost on Monday. The price for Gold increased to PKR 287,346.30 per tola from PKR 286,123.60 per tola a day earlier. Unit measure…
From the increasing probability of pro-crypto Republican candidate Donald Trump winning the upcoming U.S. presidential election to expectations for Fed rate cuts, bitcoin (BTC) bulls have several things to cheer about. However, the widely-tracked copper-to-gold ratio, continues to slide, flashing a red signal for risk assets, including cryptocurrencies. Source link
Investments in gold can be made in various forms, including physical gold, Sovereign Gold Bonds, Gold ETFs, and the latest option: Gold EGR (Electronic Gold Receipts). While there is a lot of literature on other forms of investment, not much has been written about Gold EGR. Therefore, let us delve into what this mode of…
Gold remains elevated amid renewed Middle East hostilities. US election uncertainty adds to gold’s appeal, with polls showing a tight race between Trump and Biden in key swing states. Rising US Treasury yields and a rebounding Dollar cap gains, with DXY up 0.29% and limiting further upside for the yellow metal. Gold price remains firm…
Gold: Why Is It Rising, and Can It Keep Going? XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Intraday Analysis 25.10.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Gold – 24.10.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Gold recovers, aided by a rise in geopolitical risks after a steep sell-off on the previous day. Speculation that a BRICS Gold-backed currency could become an alternative to the US Dollar also drives flows. XAU/USD continues to look bullish as its overall uptrend remains intact and the commodity keeps making higher highs. Gold (XAU/USD) recovers…