SupperTrading-FX

SupperTrading-FX Updated 

World gold price listed on Kitco is at 1,942 USD/ounce, up 8 USD/ounce compared to the early hours of yesterday morning. December gold futures last traded at $1,976.1 an ounce, up $7.3. According to some market analysts, the gold market may be struggling to find traction as inflation remains a major concern and could force the US Federal Reserve (Fed) to continue...

SupperTrading-FX Updated 

On the world market, spot gold on Kitco 5/8 traded at 1,942 USD/ounce. Gold price is maintaining at an important resistance level, in the context of the US labor market falling in July, inflationary pressure is still present. ANZ analysts said that the Fed's actions related to the view of adjusting interest rates in the near future could limit gold's rally. Gold...

SupperTrading-FX Updated 

The current world gold price on Kitco is 1,934.7 USD/ounce, down 10.9 USD/ounce compared to the previous session. Within just two trading sessions, the price has dropped by more than 23 USD/ounce. The gold market is facing challenges due to inflation, a strong labor market and strong economic activity, supporting the Federal Reserve's aggressive monetary...

SupperTrading-FX Updated 

The global price of gold slightly dropped to $1,936 per ounce and has remained low for the past three weeks. Despite the US credit rating downgrade, the dollar continues to trade at its highest level in the past month, which has contributed to the decline in gold prices. Additionally, the 10-year US Treasury bond yield reached a nine-month high at 4.1360%. On...

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During the day, the bitcoin price fluctuated between $29,000 and $29,400, despite market-shaking news such as an increase in jobless claims or a jump in U.S. Treasury yields. The capitalization of bitcoin today dropped slightly to $567 billion, representing 48.7% of the cryptocurrency market. The total market capitalization recorded at 7:30 am is 1.164 billion...

SupperTrading-FX Updated 

Spot gold price rose 0.28% to $1,948.9 per ounce on August 2 morning. Gold price for December delivery also increased 0.38% to $1,986.25. Gold prices fell 1% on August 1 due to a rise in the dollar and US government bond yields. Investors are waiting for US economic data to gauge the Fed's monetary policy. Moya predicts that if inflation falls, the Fed will...

SupperTrading-FX Updated 

On August 3, the price of gold on the Kitco exchange dropped $16.32 to $1,935.85 per ounce. If the labor market shows signs of recovery, it will encourage the US Federal Reserve (Fed) to continue raising interest rates, which is positive for gold. Analysts predict a slight decline in payrolls for July, but they will remain at a relatively high level. Higher...

SupperTrading-FX Updated 

The world gold price continued to go down, to 1,937.2 USD/ounce, down more than 10 USD compared to yesterday. The precious metal fell as the US dollar and US government bond yields rose after data showed US private-sector employment rose more than expected in July. The ADP National Employment Report said the number of US private-sector jobs increased by 324,000...

SupperTrading-FX Updated 

In the world market, spot gold price on Kitco floor tends to increase when trading at 1,962 USD/ounce. Analysts said that the gold market will not have a new breakthrough, but the trend will still increase in the near future. According to analysts, the tough monetary policy stance of the US Federal Reserve (Fed) weakens the economy. Kevin Grady, President of...

SupperTrading-FX Updated 

The world gold price dropped this morning, with spot gold decreasing by $15.2 to $1,949.3 per ounce. The rise in the US Dollar Index to 102 points added pressure on gold due to a lack of market-boosting information. Experts predict a quiet gold market until labor market data is released on Friday. Economists expect the number of nonfarm payrolls to increase to...

SupperTrading-FX Updated 

The world gold price fell $12/ounce to $1,948/ounce, reaching a low of $1,940/ounce. This drop was influenced by negative economic data released by the US. The manufacturing PMI in July was 46.4%, slightly higher than June's 46% but lower than the expected 46.9%. The US created 9.58 million jobs in July, slightly lower than June's 9.62 million and the...

SupperTrading-FX Updated 

The world gold price dropped from $1,960/ounce to $1,948/ounce, with a temporary low of $1,940/ounce. This decline was influenced by negative economic data released by the US. The manufacturing PMI in the US for July was 46.4%, slightly higher than June's 46% but lower than the predicted 46.9%. In terms of job creation, the US added 9.58 million jobs in July,...

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The precious metal experts said that the direction of gold in the near future largely depends on the statement of Fed Chairman Jerome Powell at the press conference. According to Moya, if the Fed continues to make the option of tightening further and the upcoming economic data is positive, it will likely cause gold to fall deeply. Going forward, markets will be...

SupperTrading-FX Updated 

The rally of the US Dollar Index in the first session of the week put pressure on the precious metal priced in USD. Earlier this morning, the US Dollar Index rose 0.31% to 101.38 points, taking away the attractiveness of gold for buyers holding foreign currencies. New economic data is also negative for gold. Specifically, the Purchasing Managers' Index in the...

SupperTrading-FX Updated 

Gold prices are neutral and maintain support, after preliminary US PMI data showed the economic situation is experiencing volatile fluctuations. On Monday, the S&P Global Flash manufacturing PMI showed growth, though still narrow, to 49.3, from June's 46. The economists' previous forecast was 46.1, relatively unchanged. The report showed that service sector...

SupperTrading-FX Updated 

The world gold price faces many risks when facing a series of monetary policies of many central banks around the world. Edward Moya, senior market analyst at OANDA, said that the gold market is reacting due to the rally in the USD. The Bank of Japan (BOJ) signaled that it would maintain its loose monetary policy. In addition, the meeting of the US Federal...

SupperTrading-FX Updated 

The world gold price is forecasted by investors to soon return to the price level of 2,000 USD/ounce despite the US Federal Reserve (Fed) raising interest rates by 25 percentage points on July 26. However, analysts are more cautious, warning investors not to pour too much money into gold before the Fed decides to raise interest rates further. James Stanley,...

SupperTrading-FX Updated 

On the world market, spot gold price on the Kitco floor on July 22 traded at 1,960 USD/ounce. The world gold price is forecasted by investors to soon return to the price of $2,000/ounce despite the US Federal Reserve (Fed) raising interest rates by 25 percentage points on July 26. However, analysts are more cautious, warning investors not to pour too much money...