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ProShares UltraShort Gold Newsroom
Gold bulls are enthusiastic, with India's tax reduction adding another "boost".
According to government data released on Tuesday, India's gold imports in August reached a record-breaking $10.06 billion, which means an import volume of approximately 131 tons of gold, the sixth-highest total in history.
Gold hits new all-time high again! Did the Federal Reserve completely unleash bullish enthusiasm?
Gold may rebound further this time, is 2700 also within the bull market's scope?
Crazy buying! India's gold imports last month exceeded $10 billion, the highest ever.
①There are increasing signs that, after india lowered gold import tariffs this summer, the demand for gold jewelry and bars among indian consumers has surged, which has increasingly become a key driving force behind the repeated record highs in global gold prices...... ②Data released by the indian government this week shows that the value of india's gold imports in August reached 10.06 billion US dollars, marking the highest level in history when calculated in US dollars.
Express News | Spot gold breaks the previous high, refreshing the historical high to $2600.22 per ounce.
The recent major move by the Modi government may be an important driving force behind the recent record high gold prices!
The Financial Times of the United Kingdom reported that after India recently lowered tariffs, Indian consumers' demand for gold jewelry and gold bars surged, helping to drive global gold prices to new highs. Data released by the Indian government on Tuesday showed that in August, the country's gold imports reached the highest level on record in US dollars, reaching $10.06 billion.
Gold's short-term acceleration in price suddenly rose! The price of gold just reached $2593. FXStreet Chief Analyst's technical analysis of gold.
In the Asian market on Friday, gold spot prices suddenly accelerated and reached $2593 per ounce. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that gold prices are rebounding, aiming to expand the increase above $2600 per ounce.
Gold prices are crazy! The state-owned major banks have urgently announced the adjustment of the rules for accumulating gold rsp.
Analyst: The upward trend in gold prices remains unchanged.
Major news breaks during Middle East ceasefire negotiations! Gold price soars over $27. How to trade gold next?
#Middle East situation##Gold technical analysis#2K99 News On Thursday (September 19), spot gold soared more than 1%, once approaching $2595 per ounce.
The day after the Fed cut interest rates, gold hit another historic high! Ubs group predicts that the price of gold will reach $2700 by the middle of next year.
The day before, the Federal Reserve initiated a monetary easing cycle, cutting interest rates by 50 basis points. This move is seen as bullish for gold, as lower borrowing costs are favorable for gold, which does not pay any interest.
Gold Hovers Near Record Highs. Here's Where Analysts Say It's Headed Next.
Gold's Strong Rally Likely to Continue as Interest Rates Are Cut, Says UBS
Gold Futures Close Higher After Fed's Bumper Rate Cut
Gold suddenly took a big turn! The price of gold surged $25 within the day. What's next? FXStreet analyst's technical analysis of gold price.
In early European trading on Thursday, spot gold surged significantly, with the price of gold approaching $2585 per ounce, rising $25 intra-day. Dhwani Mehta, a senior analyst at FXStreet, pointed out that based on the daily chart of gold, the relative strength index (RSI) is bullish, which continues to keep buyers active, and the price of gold is expected to retest $2600 per ounce.
Who has a higher winning percentage between the US dollar, the Chinese yuan, and gold before and after the first rate cut by the Federal Reserve?
From the historical interest rate cuts, the US dollar is under short-term pressure after a rate cut, and the medium to long-term trend is influenced by the relative strength of the US economy and global risk aversion, making it difficult to predict. The RMB exchange rate is relatively independent, with a greater chance of gold winning.
Gold has experienced a sudden surge in the market! The price of gold during the Asian session soared by nearly $17. The latest analysis of gold's intraday trading by reputable institutions.
On Thursday, the Asian session closed with a sudden acceleration in the short-term price of gold, with the price just breaking through $2575 per ounce, rising more than $16 for the day. According to Economies.com, the gold price has successfully reached its target price of $2600.00 per ounce; after a brief bearish adjustment, the gold price resumed its upward trend and is currently testing $2600.00 per ounce again.
Can the Record Gold Price Keep Going Higher?
Why Gold Has Outperformed Gold Miners
After the Federal Reserve aggressively cut interest rates by 50 basis points, Powell triggered a violent pullback in the gold price! How should one trade gold next?
The gold market in New York experienced dramatic volatility during Wednesday's session. After the Federal Reserve cut interest rates by 50 basis points, spot gold briefly hit a new all-time high. However, Powell's speech caused the price of gold to plummet significantly from its high, falling below $2,550 per ounce at one point. FXStreet analyst Christian Borjon Valencia pointed out that the price of gold briefly reached a historical high of $2,600 per ounce. However, buyers were unable to break through this level, which may pave the way for a pullback in gold prices.
Shocking! Gold price plunges over $53 after Powell's speech from historical highs. What's going on?
#Gold Technical Analysis ##Fed Policy Shift#24K99 News After a 50 basis point rate cut by the Fed on Wednesday (September 18th), Fed Chairman Powell hinted that policy makers were not in a hurry to significantly reduce interest rates, and the gold price fell sharply from its historical high by more than 53 dollars.
Gold Has Been Pricing in 50bps Cut From Fed: Strategist