"The 'little non-farm payroll' and the Federal Reserve's minutes make their appearances one after another, causing significant fluctuations in Gold! How to Trade after Gold prices closed up by 13 dollars?"
On Wednesday, the spot Gold price experienced significant fluctuations, driven by the "Little Non-Farm" ADP employment data and the Federal Reserve's meeting minutes which impacted market trends. Ultimately, the Gold price closed strongly up by 13 dollars. Bart Melek, head of commodity strategy at TD Securities, stated that the reduction in private sector employment numbers fueled the rise in Gold prices, as a decrease in employment ultimately indicates that the economic situation is weaker than many had anticipated.
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On January 8th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 216.64K options for the day, of which put options accounted for 41.09% of the total transactions,
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Is the interest rate cut no longer happening.
Gold: China's Central Bank Buys More Gold – ING
A significant trend in Gold is imminent! The "little non-farm job report" and the Federal Reserve's minutes have arrived. FXStreet Senior Analyst's Gold trading analysis.
In early European trading on Wednesday, spot Gold maintained a mild rebound, with the current price at $2652 per ounce. FXStreet Senior Analyst Dhwani Mehta noted that in the early hours of Wednesday, Gold was consolidating around $2650 per ounce after a previous rebound, awaiting the release of the USA ADP employment report and the minutes from the Federal Reserve's December meeting, preparing for the next round of increases.
Gold's technical aspects have issued an important Call signal! The price of Gold has opened up further room for a significant increase. Analysis of Gold Trade by a well-known institution.
On Wednesday (January 8), in the late Asian market, the spot Gold maintains an intraday rebound trend, with the gold price currently around 2652 dollars per ounce.
Europe Natural Resources Fund: The performance of Gold will surpass that of the US stock market in 2024. Next year's trend will depend on whether Emerging Markets demand can be sustained.
Li Gangfeng stated that the price of gold in US dollars rose by 25.5% in 2024, setting a new historical high 40 times (with the highest seen at 2,790 dollars), achieving the best annual performance in the past 14 years, while last year's returns also outperformed the US stock market.
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Gold Trade Reminder: These two major events are sure to ignite the market! FXStreet's chief Analyst analyzes the technical outlook for Gold.
#Gold Technical Analysis# 24K99 News On Wednesday (January 8) during the Asian market, spot Gold remained basically stable, with the price currently around $2648 per ounce. FXStreet's chief Analyst Valeria Bednarik wrote an article analyzing the technical outlook for Gold.
Gold Gains as China's Central Bank Bought More Bullion in December
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