Gold price stays below $4000 mark for the second consecutive day, as traders collected profits after the metal broke through psychological barrier and hit new all-time high at $4059 on Wednesday. Overbought daily studies and significance of $4000 barrier prompted partial profit-taking, with limited dips (Fibo 23.6% of $3627/$4059 upleg…

The Euro remains in red for the fourth consecutive day and pressuring again key supports at 1.1600 zone (thin daily cloud / double Fibo support - 38.2% of 1.1065/1.1918 ascend and 61.8% of 1.1391 / 1.1918 upleg) after attack on Wednesday failed here. Political crisis in France was among Euro’s key drivers lately, with markets awaiting decision…

The dollar index keeps firm and holds near nine-week high on Thursday, on track for the best weekly performance in months. Strong fall of Japanese yen amid political turmoil in Japan and deepening political crisis in the US and France, as well as less dovish than expected minutes of Fed’s latest policy meeting, were the key drivers of…

Good morning from the floor of Dubai EXPO 2025. Gold remains top market performer, with some consolidation seen in early Tuesday’s trading, after the yellow metal’s price surged through $3900 and hit new record high at $3977 on Monday, challenging very significant $4000 barrier. A cocktail of key factors (high bets for Fed’s 0.25% rate cuts in…

Gold spiked to new record high at $3871 on Tuesday, in extension of Monday’s strong acceleration higher when the metal advanced 2%, in a biggest daily gain since May 6. Mounting concerns about potential US government shutdown on Oct 1 and expectations for further Fed rate cuts sparked fresh wave of strong safe-haven demand. The yellow metal…

The dollar index stays in red for the second day, pressured by concerns about potential US government shutdown and brightened outlook for Fed rate cuts that partially offset positive impact from last week’s upbeat US economic data. The dollar reversed direction after failure to clear important technical barriers (thin daily cloud and 100DMA),…

The Euro edged higher on Friday as the second leg of pullback from new 2025 peak (1.1918) found footstep at important Fibo support at 1.1655 (50% retracement of 1.1391/1.1918 rally). Near-term bears take a breather after strong fall in past two days, with more quiet action seen ahead of release of important US inflation data (PCE), due later…

WTI oil price rises for the second straight day, underpinned by renewed supply concerns and drop in US weekly crude inventories (API report on Tuesday -3.82 mln bls vs 3.64 mln bls previous week). Oil advanced over 3% in past two days, following formation of Morning Doji Star reversal pattern on daily chart. Bulls cracked important barriers…