Why Barrick Gold (GOLD) Outpaced the Stock Market Today
Gold Breaks Record, Silver Surpasses $34 As Central Banks Drive Precious Metals Rally
No matter how the non-farm payrolls and PCE data turn out, will the Federal Reserve still cut interest rates?
The analyst said that no matter what the data says, the Federal Reserve has already cut interest rates by 25 basis points in November.
The Fed's big trouble: After the election, all roads lead to inflation!
Economists are more concerned about Trump than Harris. His proposals on immigration, taxation, and trade may lead to higher deficits, inflation, or both. Once price pressures spread, the Fed will find it difficult to stand idly by. At that time, the Fed may change course and resume raising interest rates.
Gold prices rebounded significantly from the intraday low. How to trade next? FXStreet senior analyst analyzes the technical aspects of gold prices.
In early European trading on Monday, spot gold is located near $2740 per ounce, although it is still falling during the day, it is already significantly higher than the intraday low. FXStreet Senior Analyst Dhwani Mehta pointed out that from a technical perspective, as long as it stays above the 38.2% Fibonacci level, the gold price still maintains a 'buy on dips' trading strategy.
"Timing, location, and people are all favorable"! Is there no limit to the current rise in gold prices?
Since October 2022, gold has been much more "bullish" than the US stock market, and this trend may continue...