Gold latest trade reminder: USA heavyweight data is expected to ignite the market! How will gold prices move before Powell's speech?
In early European trading on Monday, spot gold remained stable, with the current price around 2326 US dollars/ounce. On this trading day, gold traders will focus on the US ISM Manufacturing PMI data, which is expected to cause fluctuations in the gold market.
Gold Weekly Review: Interest rate cut prospects are clearer, but the market remains cautious. Independence Day partnering with non-agricultural data could disrupt investment layout.
Spot gold maintained a volatile consolidation this week, opened at $2321.88/ounce, peaked at $2339.79/ounce, bottomed out at $2293.69/ounce, and finally closed at $2326.72/ounce. The trend of the US dollar continues to dominate the recent gold trend. And the Fourth of July in the United States will make next week's economic data unusual, and important releases will be compressed on both sides of the holiday.
[Kitco Gold Survey] Wall Street will remain on the sidelines next week, while retail investors have mixed views on the outlook for gold prices.
The gold market continues to be dominated by slow stability, and the price of gold is trading within a narrow range between $2300/ounce and $2340/ounce. The latest Kitco News gold weekly survey shows that most industry experts plan to observe next week, while individual investors have differing opinions on the short-term outlook for gold.
Gold prices slightly fell with a cumulative increase of over 12% in the past six months, as inflation data helped to boost hopes of interest rate cuts for the rest of the year.
On Friday, June 28th, spot gold fell by 0.05%, closing at $2326.31 per ounce. After the US PCE inflation data release, it reached a daily high of $2339.76 per ounce at 21:09 Beijing time. It fell by about 0.10% in June and rose by over 12.78% in the first half of 2024.
The moment that will determine the fate of gold price has come! The US PCE data may trigger violent fluctuations. How to trade gold price?
#Gold Technical Analysis# 24K99 News, during early European trading on Friday (June 28th), spot gold was trading near $2325 per ounce.
Investors Prefer Physical Assets Like Gold Over Digital in Uncertain Times - CyberMetals
BMO raises forecast: Gold price is bottoming out, gold and silver will rise before the end of the year!
Analysts say that gold is returning to the global currency system and this will be a long-term trend for the next decade.
Gold Prices Revised up at BMI, Lithium Expected to Remain Subdued Due to Oversupply
The gold market is about to explode! USA GDP is coming, how to trade after the gold price drops?
#Gold Technical Analysis# 24K99 News on Thursday (June 27), spot gold hovered around $2300/ounce in the early European market after a sharp drop yesterday.
Gold is still in a 'dangerous period,' according to a well-known institution, and the price of gold may have nearly 30 dollars of downside risk.
On Thursday, June 27th, spot gold hovered around $2,300 per ounce in early European trading.
Silver's YTD Gain Beats Gold, Silver and S&P 500 Index but Investors Mostly Yawn
Major changes have occurred in the technical aspect of gold! The bears are targeting these goals. FXStreet analyst's gold price technical analysis.
#Gold Technical Analysis# 24K99 News: In early European trading on Wednesday, spot gold continued to be under pressure, currently around $2314 per ounce; earlier, the price of gold fell to $2309.58 per ounce, hitting a new intraday low.
Beware of the Federal Reserve's "Big Eagles" triggering a violent sell-off in gold! FXStreet senior analyst's analysis of gold trade.
#Gold Technical Analysis# 24K99 News On Tuesday (June 25th) during early European trading, spot gold maintained its downward trend for the day with current prices near $2324/ounce, down more than $10 for the day.
Could still rise nearly 30%! Bank of America called out a super high target price: gold may rise to $3000 next year.
Bank of America analysts predict that the price of gold may soar and is expected to reach $3,000 per ounce within the next 12 to 18 months. Michael Widmer, Bank of America's chief csi commodity equity index strategist, wrote in a report to clients that investment demand, geopolitical tensions, rate cuts, and central bank purchases of gold could all boost the price of gold.
Citi and Bank of America Merrill Lynch are both bullish: gold prices are expected to rise to $3000 in the next year.
Strong physical demand, central bank purchases, as well as macro factors such as concerns about US bonds and the Fed's interest rate cuts, will support the rise in gold prices.
Express News | Bank of America released a report that predicts long-term gold price will reach $3000 per ounce.
Gold Plunges as U.S. Services PMI Hits Best Level in More Than Two Years
Gold price confirms important breakthrough! Well-known institutions' analysis of gold trade show that gold prices may have more than $25 of upward potential.
#Gold Technical Analysis# 24K99 News As of Friday (June 21), spot gold is currently around $2,359/ounce, basically unchanged from yesterday's closing price.
Gold trading reminder on Friday: USA PMI is coming! How will the gold price move after a sharp rise? Keep an eye on these resistances and supports.
#Gold Technical Analysis# 24K99 News, on Friday (June 21), spot gold maintained an intraday rebound trend in the Asian market, and the current gold price is around 2363 US dollars per ounce.
Call gold in the short term! FXStreet chief analyst: gold is expected to have a large increase of 40 US dollars.
#Gold Technical Analysis # 24K99 News On Friday (June 21), spot gold basically stabilized after a sharp rise yesterday, and the price of gold is currently around $2360 per ounce in Asian markets.