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Gold fell below $3,150, oil prices dropped over 3%, and the US dollar fell 0.7% against the Japanese yen.
European stocks slightly declined, India’s stock market continued to rise, US oil and Brent crude oil both dropped over 3%, spot Gold fell about 1%, the USD decreased by about 0.3%, and the USD against the Japanese yen fell about 0.7%.
Powell + terrifying data, will tonight be a double kill for Gold?
Two major Big Data bombs are coming tonight, the technical aspect of Gold has collapsed, and the US dollar is eyeing closely. The market urgently needs Powell to provide a signal for interest rate cuts, but tonight may more likely witness another "hawkish massacre"!
Gold prices plummeted over $50 in the Asian session! Two major events are coming today, with the latest gold price Trade analysis from FXStreet Analyst.
At the end of Thursday's Asian market, spot Gold accelerated its decline, with the price now falling to around $3123 per ounce, a drop of over $50 during the day. FXStreet Analyst Haresh Menghani stated that Gold prices continued to fall on Thursday, pressured by various factors.
Gold prices plummet! The 3150 support level has been completely breached, analysts warn: it may trigger a larger scale sell-off.
Next stop 3100.
Technical analysis report on May 15: Spot Gold, Crude Oil Futures.
This article summarizes the latest views of Economies.com analysts today, covering multiple products such as spot gold, WTI crude oil futures!
The Gold defense line is in crisis! The "Lehman Killer" insists: the fiscal deficit will eventually trigger the second wave of Gold.
Technical traders have drawn a terrifying downtrend channel for Gold, but hedge fund giant and "Lehman Killer" Einhorn pointed out that the fundamental logic of Gold's rise remains unchanged.