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Gold Wraps Third Straight Weekly Gain on Safe-haven Demand Ahead of Trump Tariffs
Commodity Roundup: Cocoa, Coffee Drive Bullish Sentiment Amid Supply-side Concerns - BMI
Beware of Gold experiencing a drop due to profit taking before Trump's inauguration! FXStreet Senior Analyst's analysis of Gold Trading.
On Friday morning in the European market, spot Gold maintained a moderate downward trend, with the current price around 2710 USD/ounce. FXStreet Senior Analyst Dhwani Mehta pointed out that ahead of the inauguration of the elected President Trump of the USA next Monday, Gold faces the risk of profit-taking and decline.
If this important resistance is broken, Gold prices are expected to soar towards historical highs! FXStreet's chief Analyst analyzes the technical outlook for Gold.
#Gold Technical Analysis# 24K99 News On Friday (January 17), during the Asian market, spot gold maintained a strong trend, with the gold price currently around $2716 per ounce.
The Fed's prominent officials have made shocking statements, and Israeli airstrikes have resulted in 77 deaths! Gold prices surged by 18 dollars. How to trade Gold.
On Thursday, due to the latest economic data from the USA putting pressure on US treasury yields, coupled with dovish comments from Federal Reserve officials, Gold prices rose to a more than one-month high. Allegiance Gold's Chief Operating Officer Alex Ebkarian stated, "The number of initial unemployment claims was higher than expected, indicating that the labor market is somewhat weak. We are seeing a decline in US treasury yields, thus the attractiveness of Gold has once again increased."
CICC: Bullish on the rise of Gold prices in 2025 and the widening gross profit per ton of gold mined by gold mining companies.
China International Capital Corporation released a research report stating that looking ahead to 2025, gold prices may still be in a bull market channel, with a potential to break through $3,000 per ounce in 2025, and the gold price in RMB may achieve a greater increase compared to the gold price in USD.