Tag Archives: Gold

Key points: The European Central Bank (ECB) is set to cut interest rates by 25 basis points on Thursday. This decision has been highly anticipated by market participants who are now focusing on the potential timing for the next cut, which is predicted to occur either on September 12th or more likely on October 17th.Continue Reading

Key points: Gold prices showed a slight increase on Friday, marking a potential fourth consecutive monthly gain. Investors are keenly awaiting the U.S. inflation data which is expected to shed light on the Federal Reserve’s future moves. Picture: Gold price shows slight increase on the VT Markets app. Market fundamentals: Federal Reserve policymakers maintain aContinue Reading

Key points:  This article is a follow up from: Gold rises ahead of key US data inflation data  Gold (Symbol: XAUUSD) declined for the second consecutive session on Thursday, pressured by a stronger US dollar (USD) and rising Treasury yields ahead of key US inflation data. Spot gold retraced to the $2,330.44 per ounce priceContinue Reading

Key points:  Gold (Symbol: XAUUSD) rose to $2,339.9 a troy ounce on Monday, making small gains and recovering some of the losses from Friday’s session when the precious metal closed at its lowest level in two weeks. The attention has now turned to the upcoming US Personal Consumption Expenditures (PCE) price index, which is the FederalContinue Reading

The Dow Jones and S&P 500 both ended their multi-week winning streaks, a shift driven by economic data that came in hotter than expected. This unexpected resilience in the economy has prompted many to push back their expectations for Federal Reserve rate cuts, creating greater caution in interest rate-sensitive sectors. Meanwhile, the Nasdaq is setContinue Reading

Gold (XAU/USD) experienced a sharp drop on Wednesday, settling just above the important support level of $2,375. This support is vital for bulls, as holding this line could prevent a deeper retracement towards $2,360. Should the weakness continue, the focus might shift to $2,335, which represents the 38.2% Fibonacci retracement of the 2024 rally. InContinue Reading

Key points Gold prices fell for a third consecutive session on Thursday following the release of the latest Federal Reserve minutes, which suggested some officials were inclined towards raising interest rates. Market reaction after FOMC Picture: The downside prevails for gold prices as seen in the VT Markets app. Gold is typically seen as anContinue Reading

Key Points:  Gold (Symbol: XAUUSD) climbed past $2,430 per ounce on Monday, marking a new record. This surge was driven by increasing speculations of Federal Reserve interest rate cuts, strong central bank purchases, and rising safe-haven demand.  SEE: Gold experiencing sudden upswing on the VT Markets trading app Potential rate cuts from the US FederalContinue Reading

Key points: Gold prices climbed slightly higher on Thursday, following a sharp rise in the previous session, as the dollar and bond yields weakened. This shift comes amid growing speculation that the U.S. Federal Reserve may cut interest rates as early as September. Picture: Further upside for XAUUSD pair as seen on VT Markets app.Continue Reading

Key points:  Gold prices edged higher on Tuesday, marking a modest recovery of 0.4% to $2,344.39 per ounce by early GMT, following a 1% decline on Monday. This fluctuation occurs as markets gear up for critical inflation reports set to shed light on potential changes in the U.S. Federal Reserve’s interest rate policies.  Not onlyContinue Reading