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GDU FEB5 News
The Federal Reserve's "hawkish" stance limits the increase! Gold price at 2616, holiday trading is sluggish. FXEmpire's latest technical analysis on Gold, Dollar, and Euro.
The Federal Reserve's tough interest rate stance limits the rise in Gold, and with the West entering the holiday week, the Gold price is fluctuating around 2616 USD, while the USD maintains a strong market.
Gold: Strong Dollar Could Keep the Bears on Top
Be careful, Gold may suddenly "change its face"! Technical analysis is issuing warning signals. FXStreet Senior Analyst's analysis of Gold price trends.
On Tuesday morning in the European market, spot Gold maintained an intraday rebound trend, with the current gold price around 2621 dollars per ounce. FXStreet Senior Analyst Dhwani Mehta stated that due to the bearish Relative Strength Index (RSI) on the daily chart and Gold being positioned between two key moving averages, the gold price is still in a "Sell on the rebound" trade.
Gold Prices Edge Up, Remains Pressured by Strong Dollar After Hawkish Fed
Gold prices have suddenly encountered a fierce sell-off! What will happen next? FXStreet Chief Analyst's analysis of the technical outlook for Gold.
During the Monday European and American trading session, spot Gold suddenly faced a fierce sell-off, with prices sharply falling from nearly $2634 per ounce, briefly dropping below $2610 per ounce. FXStreet's chief Analyst Valeria Bednarik stated that due to the recovery in demand for the dollar, Gold prices are expected to continue their downward trend and fall below $2600 per ounce.
Gold Holds Decline as Traders Focus on Uncertain 2025 Rate Path
Gold Futures End Higher
Gold prices rose nearly 10 dollars in the Asian market! What will happen next? FXStreet Analyst's latest technical analysis of gold prices.
In the Asian market on Monday's afternoon, spot Gold continued its rebound trend, with the current gold price around $2632 per ounce, having strong gains of nearly $10 during the day. FXStreet Analyst Haresh Menghani stated that the dollar remains under pressure below the two-year high reached last Friday, which is a key factor driving up Gold.
Wall Street 2025 outlook: Where will stocks, bonds, and foreign exchange go from here?
On average, strategists expect a prosperous year for both stocks and bonds next year, with the dollar leading the forex market and strengthening further. Gold remains strong but the increase may slow down, and the outlook for Crude Oil Product appears pessimistic...
Institutions: How to expect a rate cut for various Assets?
After the hawkish interest rate cut, trade related to the interest rate cut became the dominant logic temporarily, leading to a breakout of US Treasury yields and the US dollar upwards, while US stocks and Gold experienced a significant decline. However, with the approach of January 20 when Trump takes office, the impact of his policies is bound to "make a comeback". Moreover, it is believed that the current hawkish stance of the Federal Reserve is not necessarily bad for the US economy and US stocks, and there is no need to swing from the extreme of a "large interest rate cut" in September to the other extreme of "unable to cut rates" now.
Weekly outlook: The market may be "fraught with crises" during the Christmas period, and bullish sentiment for Gold may still need to cool down!
The Federal Reserve's "shock" to the market, does the bullish sentiment for Gold still need to cool down? The dominance of the dollar is likely to remain unshaken, beware of liquidity shortages amplifying market volatility! Is the recent slump in US stocks a "reverse pick-up"?
U.S. stocks closed | "Triple Witching Day" saw a major rebound in U.S. stocks! All three major Indexes rose by over 1%; the AI application Concept exploded, with Palantir rising over 8%.
Ed Yardeni, the most accurate Analyst on Wall Street and president of Yardeni Research, is optimistic about the U.S. stock market, predicting that the S&P 500 will reach 7,000 points next year and 8,000 points the year after.
A major market trend is about to unfold! Be aware of the USA PCE inflation Indicators that could cause Gold prices to "change the game". Latest Trade analysis on Euro, British Pound, Japanese Yen, and Gold.
On Friday morning in the European market, the USD maintained a mild downward trend during the day, currently around 108.25; spot Gold maintained a strong rebound trend, with the current gold price at 2604 USD/ounce. Analysts pointed out that if the USA PCE inflation data, especially the core Indicators, exceeds expectations, the USD may strengthen, thereby impacting major non-USD currencies and causing the gold price to decline again.
Gold prices have suddenly surged in the short term! The gold price just touched 2605 US dollars. With heavyweight data arriving, how to trade Gold?
On Friday afternoon in the Asian market, spot Gold suddenly surged rapidly in a short time, with the price reaching 2605 USD/ounce, an increase of over 10 USD for the day. FXStreet Analyst Haresh Menghani wrote that the Federal Reserve's hawkish stance is Bullish for the USD and may limit the rise in Gold prices. Traders are now looking to the USA PCE Price Index for new momentum.
Gold Trade Reminder: The inflation indicators most favored by the Federal Reserve may ignite the market! Analysis of the technical outlook for Gold by FXStreet's Chief Analyst.
On Friday during Asian trading, spot Gold remained essentially stable, with the gold price currently around $2596 per ounce. FXStreet's chief Analyst Valeria Bednarik stated that the outlook for Gold remains bearish, with a price target below the low of $2580 per ounce.
The price of gold jewelry has dropped back to the 700s, and experts say that gold prices will rise again.
On December 20, according to China News Network, the price of gold jewelry has returned to the "700" range. Specifically, the prices of jewelry gold from CHOW TAI FOOK, CHOW SANG SANG, Lao Miao Gold, Luk Fook Jewellery, and Guangdong CHJ Industry are 788 yuan/gram, 786 yuan/gram, 790 yuan/gram, 788 yuan/gram, and 788 yuan/gram respectively.
Gold Futures Close Lower, Reflecting US COMEX Trend
What exactly is going on?! Gold prices soared more than 30 dollars during the day as significant data from the USA is coming; how to trade Gold?
On Thursday morning in the European market, spot Gold continued its intraday rebound, with the current price around $2616 per ounce, a rise of over $30 for the day. FXStreet Senior Analyst Dhwani Mehta pointed out that after the Fed's hawkish interest rate cuts triggered a dramatic drop, Gold experienced a 'dead cat bounce.' However, from the daily Gold chart, the price may still face a 'Sell on the rebound' Trade.
Gold prices have successfully reached the bearish target! Renowned Institutions: Unless this level is broken, gold prices may still have significant room for decline.
On Thursday afternoon in the Asian market, spot Gold continued its intraday rebound trend, with the gold price currently around $2609 per ounce; the previous trading day saw a drop of over 2% in gold prices. According to Economies.com, after yesterday's sharp decline, the gold price successfully reached the bearish target of $2600.00 per ounce. Unless it breaks through $2655.00 per ounce, the outlook for gold prices remains bearish.
COMEX Gold In Bullish Zone With US$2,640 Strong Support