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.
【Directly attacking the Asian market】 A piece of data triggers a surge in the yen! Gold has just broken through 2660, and the risk of the French government collapsing has increased.
FX168 Financial News (Asia-Pacific) reported on Friday (November 29) that due to Tokyo's inflation data being higher than expected, the yen strengthened, while asian stock markets showed mixed performance.
Gold's nine-month consecutive rise momentum may come to an end! Can it still be bullish before the end of the year?
Analysts point out that unless something radical happens, gold's longest monthly winning streak in 24 years may end this month.
Gold Edges Up in Holiday Trade Despite a Strengthening Dollar
Be alert for today's "huge" fluctuations in gold prices! FXStreet senior analyst: gold prices are likely to drop by more than 35 dollars again.
In the early European session on Thursday, spot gold remained essentially flat, with the current gold price near $2636 per ounce. FXStreet senior analyst Dhwani Mehta warned that due to thin liquidity caused by the Thanksgiving holiday, gold prices may still experience severe fluctuations.
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.
Many gold buyers have emerged in Eastern Europe!
For Eastern European leaders, gold is seen as a safe haven and a political selling point.
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 suddenly turned around! Gold prices plunged nearly 25 dollars from their peak. The reason is here. How to trade gold?
#Gold Technical Analysis# As of Wednesday (November 27th) during the New York trading session, spot gold staged a scene of "high-altitude diving", with the price plunging nearly $25 from the intraday high point.
Express News | The largest global gold etf, SPDR Gold Trust, has a holding of 879.41 tons, unchanged from the previous trading day.
Gold Recovers for Second Straight Day After Monday's Sharp Slide
SPDR Gold ETF Options Spot-On: On November 27th, 140.93K Contracts Were Traded, With 2.85 Million Open Interest
On November 27th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 140.93K options for the day, of which put options accounted for 43.71% of the total
Local Gold Futures End Higher In Line With US Market
Gold Trades Higher as Dollar and Yields Sink Ahead of Key Inflation Report
Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Wednesday Ahead of Crucial Inflation Data
Gold Rises On Weaker Dollar as Traders Look to US Economic Data
The gold price is in a huge cup and handle pattern! Analyst: The trend of gold, CPI, and PPI indicates that the bid is expanding...
Independent precious metals analyst Mike Roy stated that the price of gold is in a huge cup and handle pattern, and the trends of gold with CPI and PPI indicate that the buying interest in gold is expanding.
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.