Gold holds near new record high, US labor data may spark fresh rally
Gold continued to trend higher and spiked to the highest levels since late April, just ticks under new record high on Monday.
Weaker dollar on growing bets for Fed’s September rate cut, following more dovish comments from US policymakers…
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Dollar remains weak on Fed rate cut expectations, eyes release of key US data
The dollar index remains in red for the fifth straight day and probes again through key supports at $97.61/52 (daily cloud base / Fibo 61.8% of 95.97/100.04) which have so far contained a number of attacks and marks solid supports.
The…
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Silver surges through $40 and hits the highest since 2011
Silver accelerated higher at the start of the week (up over 2% in Asia / early Europe on Monday) and broke above psychological $40 barrier for the first time in over a decade.
Fresh gains hit the highest since April 2011 and cracked Fibo…
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Gold advances further on growing expectations of Fed rate cut
Gold price rose further on Friday and hit the highest since mid-June, after relatively benign US inflation data (PCE) added to expectations for Fed rate cut in September and opened prospects for probably one more cut by the end of the year.…
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US core inflation climbs in July – PCE
The Personal Consumption Expenditures (PCE) Price Index, Fed’s preferred inflation gauge, increased 0.2% m/m in July, down from 0.3% rise in June and in line with expectations, while annualized PCE Price Index rose 2.6%, unchanged from…
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GOLD – bulls crack critical $3400 resistance zone, US inflation data eyed for fresh signals
Gold keeps firm tone and cracks very significant $3400 resistance zone (psychological / Aug 8 peak), trading at the highest in nearly three weeks on Thursday.
Bulls are driven by uncertainty after President Trump’s attempts to fire Fed…
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Dollar Index – bulls regained traction and eye key barriers
The dollar index firmed on Wednesday and hit week’s high, showing resilience to the latest political turmoil in the US central bank after President Trump decided to fire Governor Cook.
Fresh gains retested falling 100DMA ($98.60), with…
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BTCUSD – holding below daily cloud base to keep bears in play for further weakness
BTCUSD is consolidating after a sharp fall in past three days (down over 6%), mainly driven by strong institutional selling.
The price edged higher after hitting six-week low today, although the upside remains limited and warning of…
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Gold rises after Trump’s latest move to fire Fed Governor deepened uncertainty
Gold rose to two-week high on Tuesday, driven by fresh wave of risk aversion sparked by growing uncertainty on decision of President Trump to fire a Fed Governor Cook.
Trump’s conflict with the US policymakers is escalating again, after…
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WTI extends recovery on supply worries, peace talks pessimism
WTI oil extends recovery into fourth consecutive day, with fresh acceleration on Monday, being sparked by renewed supply concerns after Ukraine attacked Russian oil installations.
Escalation of geopolitical situation and discouraging…
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