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.
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Gold just suddenly fell again! There may be major news in the Middle East today, with the Fed's minutes looming. How to trade gold?
On Tuesday morning in the European market, spot gold suddenly plunged sharply in the short term, with the gold price currently close to $2611 per ounce, a decline of nearly $15 during the day. FXStreet senior analyst Dhwani Mehta pointed out that the upcoming bearish crossover and the bearish relative strength index (RSI) on the daily chart signal a warning to gold buyers.
Gold confirmed breaking through key levels after a sharp fall! The first bearish target is aimed at this position. Well-known institutions analyze gold trades.
On Tuesday afternoon in the Asian market, spot gold continued to be under pressure after a sharp drop yesterday, with the current price of gold near $2,622 per ounce. According to Economies.com, the price of gold has confirmed a break below a key level, paving the way for further significant declines, with the first bearish target at $2,600.00 per ounce.
Gold volatility intensifies, analysts no longer unanimously call! Are the bulls showing signs of exhaustion?
The volatility of gold has increased, and analysts, even while remaining optimistic about the call, have quietly lowered next year’s target price. Moreover, some strategists have stated that gold prices may have already peaked in the short term.
Latest news on the Middle East ceasefire negotiations! FXStreet's chief analyst: Gold prices are likely to plummet by more than $25 again.
During the Asian market session on Tuesday, spot gold continued to be under pressure after the astonishing plunge yesterday, with the gold price currently near $2625 per ounce. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that the outlook for gold has turned bearish, and the price of gold may test $2600 per ounce.
The Middle East tension cooled down, with the gold price experiencing the largest drop in four years, yet Wall Street remains bullish on the future performance.
As the ceasefire agreement between Israel and Hezbollah approaches, the gold price hit the largest drop in four years.
Gold Falls as Trump Tariff Threat on Canada, Mexico Aids Dollar
Morgan Stanley Fund: Trump's policies being implemented may lead to a second round of inflation in the usa, still bullish on the future upside of gold.
morgan stanley funds stated that the upward potential of gold has opened again after this round of adjustment. If Trump's relevant policies truly take effect next year, there is a possibility of secondary inflation or stagflation in the usa, both of which will support the rise in gold prices.
Trump's decision and a report caused gold to "bleed profusely"! The gold price plummeted by over 90 dollars. How to trade gold?
#Gold Technical Analysis# 24K99 News On Monday (November 25), due to reports that Israel and Hezbollah were close to reaching a ceasefire agreement, and Trump nominated Benson to be the US Treasury Secretary, undermining the safe-haven appeal of gold, causing the gold price to plummet more than 3%.
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Middle East tensions are easing! Israel and Hezbollah are reportedly close to reaching a ceasefire agreement.
① The Israeli national security cabinet will meet on Wednesday to approve the ceasefire agreement with Hezbollah, and the final text was confirmed on Monday; ② Affected by the easing of tensions in the Middle East, comex gold futures fell more than 3%, crude oil plummeted 3% during the day, and the usd dropped by 0.5%.
US media reports that Israel and Lebanon have reached a ceasefire agreement! Gold and crude oil product plummet.
Gold seems to have quite a few bearish factors this week...