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The reason for the sudden surge in gold prices has been identified! How will gold prices move next? FXStreet analyst's latest analysis on gold trade.
On Friday during the Asian market, spot gold suddenly surged significantly, with the current gold price surpassing the $2660 per ounce mark, rising $23 intraday. FXStreet analyst Haresh Menghani noted that, from a technical perspective, the gold price broke through the $2649-$2650 per ounce barrier during the day, which is seen as a key trigger by bulls.
Eastern European central banks are aggressively purchasing gold, becoming the largest buyers globally. Will gold prices rise to 3000 dollars?
Central banks in Eastern European countries are accelerating their gold purchases to diversify investments and cope with external shocks, with the Czech Republic, Poland, Serbia and other countries becoming the largest buyers of gold together.
Gold's explosive market situation strikes! Gold prices fell nearly 18 dollars in a short time. FXStreet's chief analyst analyzes the technical outlook for gold.
On Thursday, during the early trading session in the Asian market, spot gold suddenly plunged sharply, just dropping near $2621 per ounce. FXStreet's chief analyst Valeria Bednarik said that due to the bearish control situation, gold fell from its daily highs, facing the risk of further decline.
Gold prices suddenly surged in the short term! Gold prices are nearing key levels according to the latest trade analysis from well-known institutions.
On Wednesday afternoon in the Asian market, the spot gold suddenly experienced a short-term surge, with the current price rising to around $2644 per ounce, a strong increase of $11 within the day. According to Economies.com, if the gold price breaks through $2645.00 per ounce and maintains above this level, it will stop the bearish scenario and open up space for further significant rise in gold price.
Recent gold futures have seen the largest drop in four years, but analysts say that Trump's tariff threats could boost the outlook for gold prices.
Gold futures prices closed flat in New York on Tuesday, with the near-month gold futures seeing the largest drop in four years.
Trump, Middle East ceasefire, and major news in Russia-Ukraine! After a sharp drop in the gold price, how to trade gold price?
On Tuesday, spot gold rebounded significantly after touching a one-week low near $2605 per ounce, eventually closing above $2630 per ounce. FXStreet analyst Christian Borjon Valencia pointed out that Trump's tariff threats have raised concerns about a global trade war, providing support for the gold price. In addition, the decline in gold prices has been limited by the escalation of the conflict between Ukraine and Russia.
Gold Struggles to Break $2,620, Weighed by US Tariffs and Geopolitics
Gold confirmed breaking through key levels after a sharp fall! The first bearish target is aimed at this position. Well-known institutions analyze gold trades.
On Tuesday afternoon in the Asian market, spot gold continued to be under pressure after a sharp drop yesterday, with the current price of gold near $2,622 per ounce. According to Economies.com, the price of gold has confirmed a break below a key level, paving the way for further significant declines, with the first bearish target at $2,600.00 per ounce.
Latest news on the Middle East ceasefire negotiations! FXStreet's chief analyst: Gold prices are likely to plummet by more than $25 again.
During the Asian market session on Tuesday, spot gold continued to be under pressure after the astonishing plunge yesterday, with the gold price currently near $2625 per ounce. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that the outlook for gold has turned bearish, and the price of gold may test $2600 per ounce.
Morgan Stanley Fund: Trump's policies being implemented may lead to a second round of inflation in the usa, still bullish on the future upside of gold.
morgan stanley funds stated that the upward potential of gold has opened again after this round of adjustment. If Trump's relevant policies truly take effect next year, there is a possibility of secondary inflation or stagflation in the usa, both of which will support the rise in gold prices.
Gold Price Tumbles on Israel-Hezbollah Ceasefire Rumors, Furious Risk-on Mood
Middle East tensions are easing! Israel and Hezbollah are reportedly close to reaching a ceasefire agreement.
① The Israeli national security cabinet will meet on Wednesday to approve the ceasefire agreement with Hezbollah, and the final text was confirmed on Monday; ② Affected by the easing of tensions in the Middle East, comex gold futures fell more than 3%, crude oil plummeted 3% during the day, and the usd dropped by 0.5%.
How will Trump 2.0 policies affect global capital markets? Bank of America Merrill Lynch lists three possible scenarios that may arise.
Bank of America Merrill Lynch believes that in the best-case scenario, the US GDP growth rate will exceed 3%, the US dollar will be slightly strong, and the gold price will be relatively low; in the worst-case scenario, aggressive tariff policies will impact global trade, exacerbate the risk of US recession, and cause a sharp decline in US stocks; in the tail risk scenario, the US economy will fall into stagflation, the US dollar will weaken across the board, and gold and cryptos will benefit.
Trump's decision to cease fire in the Middle East sparked a 'bloodbath' in gold! Gold prices plunged more than 53 dollars. How to trade gold?
At the end of Monday's Asian market, spot gold continues to show a significant decline during the day, with the current gold price around $2,662 per ounce, plummeting more than $53 during the day. FXStreet analyst Haresh Menghani pointed out that the nomination of Bensent as Secretary of Treasury by elected President Trump has cleared a major point of uncertainty in the market.
Gold opens with a big rally! After a sharp decline, the price of gold soared nearly $20. Important news from Iran is suddenly released. Two charts to see the technical outlook of gold. How can investors profit and close out?
After the start of the Asia trading session on Monday, spot gold experienced violent fluctuations, with the price once dropping sharply to $2691.68 per ounce, but then the price rebounded significantly, recently peaking at $2721.38 per ounce. Reuters reported that Ali Larijani, a senior adviser to Iran's Supreme Leader, said in an interview on Sunday that Iran is preparing to 'respond' to Israel.
Major news from Trump has triggered a market surge! The dollar plummeted by 70 points, and gold prices experienced a short-term shock of 26 dollars. What exactly is going on?
After the opening of the Asian markets on Monday, the financial market experienced extremely intense fluctuations. The US dollar index opened significantly lower with a gap down, currently falling to 106.80, a sharp drop of 70 points intraday. Bloomberg reported that President-elect Trump nominated Scott Besent to serve as the US Secretary of the Treasury, causing the recent bullish trend of the US dollar to cool down.
The reason for the sharp increase in gold prices by nearly $47 on Friday! Putin sends an important signal, FXStreet analyst analyzes the technical outlook for gold prices.
On Friday, the gold price broke through the $2700/ounce mark for the first time in over two weeks, driven by the escalating Russia-Ukraine crisis. FXStreet analyst Christian Borjon Valencia pointed out that on Friday, as US Treasury yields declined, gold prices rose to a two-week high. Geopolitical tensions continued to support the gold bid.
Risk aversion is rising, gold is back above the $2700 level.
Recently, gold futures have recorded the largest weekly increase since March 2023, ending three consecutive weeks of decline.
Gold Is up 5% This Week Because It's a 'Preferred' Hedge to Global Risks, UBS Says
Gold Prices Rise, Set for Strong Weekly Gains on Russia-Ukraine Jitters