Gold rises 0.98%, reaching $2,720 as geopolitical tensions and US election concerns drive demand for safe-haven assets. Falling US Treasury yields and the weakening US Dollar further boost Bullion prices, with the US Dollar Index dropping to 103.45. Analysts predict continued Gold gains with Citi’s Max Layton forecasting prices could reach $3,000 an ounce within…
Newsquawk.com Week Ahead: 21st-25th October Highlights include PBoC LPR, BoC, EZ & UK PMI MON: PBoC LPRTUE: NBH Announcement, IMF World Economic OutlookWED: BoC AnnouncementTHU: EZ/UK/US Flash PMIs (Oct)FRI: PBoC MLF (TBC), CBR Announcement, Japanese Tokyo CPI (Oct), German Ifo (Oct), US Durable Goods (Sep), US University of Michigan Final (Oct) Newsquawk…
Gold – 18.10.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
Gold – 16.10.2024 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
What is the one word that makes the forex market move? Is it technicals? Is it news? Is it momentum? Is it fundamentals? The answer is none of the above. So what is the one word that moves the forex market? The answer is “failure.” A higher low is formed by a…
Weekly FX Charts Outlook GBPUSD Weekly Charts Outlook Supports : 1.29700 , 1.27350 & 1.24850 Resistances: 1.31350 , 1.31850 & 1.32750 As long as above 1.29700 Bullish. If it can’t surmount 1.31850 next week, this might be the start of a bigger Correction. Weekly chart EURUSD Weekly Charts Outlook Supports : 1.08850…
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Newsquawk Week Ahead Highlights October 14-18 Week Ahead: 14-18th October 2024Newquawk.com Highlights include: US retail sales, ECB, Aussie jobs, inflation data from China, Japan, New Zealand and Canada SUN: Chinese Inflation MON: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holiday TUE: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep),…
Central 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…
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