Uncertain interest rate path for 2025 leads to economic concerns. Gold rises before the holidays.
As traders weigh the prospects of the USA Federal Reserve easing interest rate cuts next year, Gold rises.
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.
December 24 Technical Analysis Report: Spot Gold, Crude Oil Futures.
This article summarizes the latest views of Economies.com analysts today, covering multiple products such as spot gold, WTI crude oil futures!
Gold Prices Edge Up, Remains Pressured by Strong Dollar After Hawkish Fed
Gold Holds Decline as Traders Focus on Uncertain 2025 Rate Path
Mexico imposes a 36.23% anti-dumping duty on imported Steel wire from Vietnam.
The Mexican government announced on Monday local time that it will impose a 36.23% tariff on steel wires imported from Vietnam for welding, as this harms local producers in Latin America's second-largest economy. Mexico's Ministry of Economy stated that Vietnam is "dumping" steel wires in Mexico, meaning exporting at prices below cost. Following complaints from two companies in Mexico about unfair import prices, the government has been investigating since the end of 2023. These companies believe that if imports from Vietnam continue, the national industry will "worsen." The Ministry of Economy pointed out in a statement that the Kim Tin Group from Vietnam.
Be alert for a sudden Gold market surge! Major data from the USA is arriving FXStreet Senior Analyst Gold Trade Analysis.
#Gold Technical Analysis# 24K99 News On Monday (December 23) during the European market early session, spot gold maintained an upward rebound, currently, the gold price is around 2630 USD per ounce.
Will tonight's PCE bring Bullish news? The bearish trigger for Gold may be ignited!
After the Fed took a hawkish stance, the market fell into chaos. Will tonight's PCE data bring a glimmer of hope for the bulls?
The giant cup-and-handle pattern chart from 45 years proves that Silver will greet an epic breakthrough, aiming to challenge the critical resistance level of 30.86 by the end of the year.
Mike Roy, an independent Precious Metals Analyst, stated that as 2024 comes to a close, looking back at the significant cup and handle technical pattern of Silver over the past 45 years indicates that silver prices are indeed breaking out. It is necessary to close above the critical resistance level of $30.86 by the end of the year to lay the foundation for an explosive rise in 2025.
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.
Gold Prices Rebound From Fed-driven Rout, Hawkish Comments Cloud Outlook
Breaking news! India's record gold import data may be a "big blunder".
Insiders suggest that India's gold import figures for November may have been overestimated by up to 50 tons, which is nearly 30% of the total gold imports for that month.
Express News | Blackrock: It is recommended to use Gold and Bitcoin as a supplement to Bonds investments.
UBS Group continues to be bullish on Gold: it will rise to 2,900 dollars next year!
UBS Group maintains a bullish outlook on Gold for the next 12 months and recommends that investors allocate about 5% of their portfolio to Gold as a diversification investment.
The moment that determines the fate of Gold has arrived! The Federal Reserve's decision is brewing significant risks. How to Trade Gold prices on this critical day?
#Gold Technical Analysis# On Wednesday (December 18) in the early European market, spot gold maintained a moderate downward trend, with the current gold price around 2642 dollars/ounce.
World Gold Council: Next year, gold prices may mainly fluctuate, and the upward momentum of gold prices will primarily depend on central banks and purchasing power in the Asia-Pacific region.
The rise in Gold prices next year mainly depends on the purchasing strength of central banks and whether the purchasing power in the Asia-Pacific region is strong. The World Gold Council believes that Gold prices may mainly fluctuate next year.
The technical aspect of Gold confirms a breakout! The space for a significant drop in gold prices has opened up. Well-known Institutions' intraday Gold Trade analysis.
In the late trading of Wednesday in Asia, spot Gold remained mostly stable, with gold prices currently around $2645 per ounce. According to Economies.com, gold prices have fallen below a minor Resistance, opening up space for further declines in gold prices in the future.
Gold Trade Reminder: Powell's statement may trigger a significant drop in Gold prices! FXStreet's chief Analyst analyzes the technical outlook for Gold.
On Wednesday, during intraday trading in Asia, spot Gold remained steady, with the price currently around $2,645 per ounce. FXStreet's Chief Analyst, Valeria Bednarik, wrote that Gold prices hit a new weekly low on Tuesday and may soon retest the $2,600 per ounce level.
China has purchased a large amount of Gold? Goldman Sachs continues to Call the gold price to $3000.
Goldman Sachs Precious Metals Analyst refutes the skeptics, disagreeing with the argument that "Gold cannot rise to $3000 per ounce before the end of 2025 if the dollar continues to strengthen for a longer period."
Gold Holds Decline as Focus on Fed for Next Year's Rate Outlook