"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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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.
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Gold is brewing a major breakout trend! The important employment data from the USA and ISM Indicators are here. How to trade Gold prices?
On Tuesday morning in the European market, spot Gold is maintaining a rebound trend during the day, with the current price around $2,644 per ounce. FXStreet senior Analyst Dhwani Mehta wrote that the Gold price is staying in the Range near $2,640 per ounce, and starting from Tuesday, the USA will sequentially release employment data.
Gold Trade Reminder: Two major key data from the USA might ignite the market! FXStreet's chief Analyst analyzes the technical outlook for Gold.
On Tuesday during the Asian market, spot Gold maintained a mild rebound, with gold prices currently around $2639 per ounce. FXStreet chief Analyst Valeria Bednarik stated that gold prices continue in a consolidation phase, with bulls taking a slight breather while still maintaining control.
Gold Trade Reminder: Reports related to Trump's tariff plan stir the market, while rising U.S. Treasury yields suppress Gold prices.
On Tuesday (January 7), in the early Asian market, spot Gold fluctuated narrowly, currently trading around $2635 per ounce. The gold price fell slightly on Monday as the Federal Reserve recently indicated it would slow the pace of interest rate cuts in 2025, and U.S. Treasury Notes Yield rose to the highest level since May. During the session, the gold price briefly hit a three-day low of around $2614.69 per ounce. However, reports regarding how aggressive the tariff plans will be under President-elect Trump were inconsistent, causing the USD to drop to the lowest level in over a week. The gold price rebounded towards the end, closing at $2635.87 per ounce. The U.S. 10-Year Treasury Notes Yield on Monday.
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Industry experts predict for 2025: Gold remains strong! Several CSI Commodity Equity Index face immense pressure.
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With "Trump 2.0" approaching, Wall Street is confident that Gold will continue to shine! The reasons are as follows……
① In 2024, Gold skyrocketed by 27%, marking the largest annual increase since 2010, primarily due to central banks making large purchases, the Federal Reserve's monetary easing policy, and geopolitical risks causing market turmoil. ② In 2025, investors expect Gold to remain attractive, as Trump's new term brings uncertainty, potentially driving Gold purchases to hedge against risks.
Goldman Sachs has postponed its prediction of gold prices reaching $3,000 to mid-2026, primarily due to the Federal Reserve's slowdown in interest rate cuts.
Goldman Sachs expects that gold prices will not reach $3,000 per ounce by the end of 2025 and has pushed this prediction to mid-2026 due to market expectations that the Federal Reserve will reduce the magnitude of rate cuts.
Prepare for the surge in gold prices this year! Kitco's annual survey: retail traders have strong confidence in the call potential of gold.
The well-known Gold News website Kitco reported that after an increase of nearly 30% in 2024, Gold prices continue to inspire confidence among many Industry experts, while most retail traders believe that in 2025, Gold prices will break through $3000 per ounce. Chantelle Schieven, research director at Capitalight Research, expects that Gold prices will exceed $3000 per ounce in the second half of the year.
Major signals in the Gold market! After a surge last year, Wall Street Banks view the trend of gold prices in 2025.
The Financial Times of the United Kingdom reported that Wall Street Analysts suggest that gold prices will rise further by 2025. However, after a sharp increase of 27% last year, the pace of gold price rises may slow down. According to the average forecasts from the banks and refiners surveyed, gold prices are expected to climb to around $2,795 per ounce by the end of 2025. This is approximately 6% higher than current levels.
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Weekly hot list selection: How much longer can the strong US dollar last? Can Gold reach new highs again?
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Trump's trade promotes safe-haven bids, Emerging Markets currencies and Gold show divergence in trends.
With Donald Trump being re-elected as the president of the USA, investors are eager to act, while Gold and MMF, two types of Assets that typically move in tandem with the dollar, have been diverging.