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.
Did Trump's major decision trigger the market? Spot gold once fell more than $60.
On Monday, the Asian session saw a huge shake-up in gold, with investors profit-taking one after another, indicating a possible shift in favor of gold sellers.
Gold Steady After Strong Surge Amid Escalating Ukraine Conflict
Gold will continue to shine! Goldman Sachs: it will reach 3000 dollars next year, with global central banks being the 'main driver'.
① Goldman Sachs predicts that gold prices may reach $3,000 per ounce next year, as central banks around the world continue to buy gold in large quantities; ② the firm also believes that gold is the preferred trade for combating inflation and geopolitical issues in 2025.
Gold suddenly changes its trend! Important ceasefire news from the Middle East causes gold prices to plummet more than $17 intraday. How to trade gold?
On Monday during Asian market trading, spot gold suddenly plummeted significantly, with the gold price just dropping below 2,700 USD/ounce, a daily drop of over 17 USD. According to a recent report by the well-known USA website Axios, two senior Israeli officials and two American officials told Axios that Israel and Lebanon are about to reach a ceasefire agreement to end the conflict between Israel and Hezbollah.
Hezbollah suddenly launched "heavy rockets", Israel carried out a large-scale attack on Beirut! Gold surged to 2721. Putin signed significant legislation.
Hezbollah launched heavy rockets at Israel, prompting Israeli forces to launch a large-scale attack on Beirut, causing gold to open high on Monday at $2,721. Putin signed a law exempting new soldiers fighting in Ukraine from debt.
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.
Gold surged nearly 6% in a single week! Goldman Sachs: Still the top asset choice for next year.
The surging dollar is no longer a stumbling block preventing gold prices from continuing to rise.
Weekly Outlook: PCE with minutes of the Fed meeting incoming, pay attention to important signals of gold prices.
Gold surged an astonishing $153, possibly sending an important price signal, stubborn inflation is expected to strengthen the Fed's "slowdown" policy, the US dollar remains unstoppable; the US stock market has not reached its call limit, speculating that Trump will not let the stock market fall.
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.
As risk aversion intensifies, gold has risen above the $2,700 mark again.
Recently, gold futures have recorded the largest weekly increase since March 2023, ending three consecutive weeks of decline.
Gold Scores Strongest Weekly Gain Since March 2023, but Base Metals Struggle
GLD ETF Rises 1.3%
SPDR Gold ETF Options Spot-On: On November 22nd, 245.21K Contracts Were Traded, With 2.9 Million Open Interest
On November 22nd ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 245.21K options for the day, of which put options accounted for 38.74% of the total
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