Gold in quiet mode ahead of key US labor data
Gold is moving within a narrow range in European trading on Friday, but still being constructive after Thursday’s strong upside rejection at pivotal $3400 zone and daily close in red.
Near-term action stays around support at $3355…
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European Central Bank cuts interest rates by 0.25%. as expected
The European Central Bank cut interest rates as expected on Thursday, marking the eighth reduction since last June—a total decrease of 2%. This move is part of the ECB’s most aggressive easing cycle since the 2008/2009 global financial…
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GOLD hits one-month high on probe through strong $3400 resistance zone
Gold cracked $3400 barrier in fresh acceleration that pushed the price to the highest in almost one month, dragged by today’s strong rise in silver price
Probe through significant barriers at $3400 zone (former recovery top /…
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SILVER surges to new 13-year high
Silver price surged on Thursday, rallying nearly 4% by the mid-European trading, to hit the highest since February 2012.
Fresh demand also lifted the silver price to new record high in India, that contributes to strengthening bullish…
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EURUSD remains constructive ahead of ECB; US NFP report
EURUSD holds in extended consolidation under new multi-week high (1.1454) but keeps firm tone that boosts prospects for further growth.
Bullish daily studies (strong positive momentum, MA’s in bullish configuration and thick daily cloud…
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US private payrolls slump in May – ADP
Hiring in the US private sector slumped in May, adding only 37K new jobs compared to 111K consensus and dipped well below April’s downwardly revised 60K (from 62K).
May data present the weakest numbers over two years, although analysts…
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GOLD – bullish bias above broken triangle’s upper boundary
Gold price moves within a tight range on Wednesday but remains bullishly aligned following limited corrective dip on Tuesday.
Broken Fibo level at $3355 (61.8% of $3200/$3120 pullback) reverted to solid support which keeps the downside…
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Eurozone inflation slows below expectations in May
Inflation in the Eurozone slowed to 1.9% in May after growing to 2.2% in April and also fell below 2.0% consensus. a fall in energy prices and a sharp decline in services inflation.
Core inflation, which excludes the most volatile…
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EURUSD rises to 5-week high as dollar suffers from fresh tariff threats
EURUSD hit the highest in over five weeks on Monday, inflated by weaker dollar on the latest threats of doubling import duties on steel and aluminium.
The pair gained around 0.8% by the mid-US session and pressure strong resistance at…
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Oil price rises nearly 4%, key barriers under pressure
WTI oil price jumped around 3.7% and hit the highest in almost two weeks on Monday, on track for the biggest daily gain since April 9.
Fresh advance penetrated daily cloud (spanned between $62.83 and $63.92) and cracked psychological…
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