Gold suddenly took a big turn! The price of gold surged $25 within the day. What's next? FXStreet analyst's technical analysis of gold price.
In early European trading on Thursday, spot gold surged significantly, with the price of gold approaching $2585 per ounce, rising $25 intra-day. Dhwani Mehta, a senior analyst at FXStreet, pointed out that based on the daily chart of gold, the relative strength index (RSI) is bullish, which continues to keep buyers active, and the price of gold is expected to retest $2600 per ounce.
Who has a higher winning percentage between the US dollar, the Chinese yuan, and gold before and after the first rate cut by the Federal Reserve?
From the historical interest rate cuts, the US dollar is under short-term pressure after a rate cut, and the medium to long-term trend is influenced by the relative strength of the US economy and global risk aversion, making it difficult to predict. The RMB exchange rate is relatively independent, with a greater chance of gold winning.
Silver bulls explode! Silver prices surged over 3% intraday. Analysis of silver trading by well-known institutions.
At the end of Thursday's Asian session, spot silver maintained a strong rebound trend during the day, with silver prices just reaching the $31.00 per ounce level, a daily increase of over 3%. According to Economies.com, if silver prices confirm a breakthrough of $31.00 per ounce, this will open up further room for silver prices to rise.
Why Gold Has Outperformed Gold Miners
Express News | Spot gold touched the $2600 mark upward again, hitting a new historical high.
Shares of Gold Stocks Are Trading Higher in Sympathy With Overall Market Sentiment After the Fed Policy Decision to Cut Rates by 50 Basis Points.
What Makes Alamos Gold (AGI) a New Buy Stock
Is Alamos Gold (AGI) Stock Outpacing Its Basic Materials Peers This Year?
Gold Has Been Pricing in 50bps Cut From Fed: Strategist
Will the Federal Reserve welcome its first interest rate cut in four years? Will gold have a bright future?
Not just a simple rate cut! This Fed meeting has a lot of information, investors must fasten their seat belts tonight.
Is the Fed's rate cut cycle "terrifying"? Analyst at ANZ Bank: Gold prices will explore $2,900!
ANZ analyst said that investors should pay attention to the overall interest rate trend, whether the interest rate is cut by 25 or 50 basis points this week, and there will be further interest rate cuts in 2025. The price of gold will rise to $2900 by the end of next year.
Wall Street's "short god": If Harris is elected, he will hold gold and cash.
During the financial crisis, the Wall Street 'God of the Void' Paulson warned that Harris's economic policies would cause investors to panic and lead to the collapse of american financial. If she wins, he will withdraw his money from the market.
How Gold Prices May React to the Upcoming Fed Decision
Gold Slumbers in $2,580s Ahead of US Data, Fed Decision
Goldman Says Gold May Dip If US Fed Opts for Quarter-point Cut
Goldman Sachs responds to 'counter-accusation' questioning: it is not absurd for gold to rise to $2700.
Goldman Sachs continues to maintain a bullish view on gold, but also warns that if the Federal Reserve cuts interest rates by 25 basis points this week, the price of gold may face a short-term pullback.
Gold surges in a sudden market attack! The price of gold rebounds by more than $11 from the daily low. The latest analysis of gold trade by a well-known institution.
In the afternoon of Tuesday in the Asian market, the spot gold suddenly accelerated its short-term rise, with the gold price breaking through $2585 per ounce just now, rebounding over $11 from the intraday low touched earlier. According to Economies.com, the gold price is accumulating positive momentum, with the target still looking towards $2600.00 per ounce.
Express News | Goldman Sachs: If the Fed chooses to cut interest rates by 25 basis points this week, the gold price may face a slight pullback in the short term.
A chart proves that the risk of gold correction is increasing and futures positions are overly expanded!
The founder of the financial consulting company warns that the risk of a gold pullback is intensifying, as speculative positioning in gold futures has become overly extended as the main short-term driving factor.
BMO Capital Maintains Alamos Gold(AGI.US) With Buy Rating, Raises Target Price to $22.81
BMO Capital analyst Brian Quast maintains $Alamos Gold(AGI.US)$ with a buy rating, and adjusts the target price from $19.89 to $22.84.According to TipRanks data, the analyst has a success rate of 54.6