Captain-Trading

Captain-Trading Updated 

Gold hit its lowest level in 5 months on Thursday as higher US bond yields and a strong dollar dealt a severe blow to speculative buyers of the yellow metal. Minutes from the Fed's July meeting revealed on Wednesday that most policy makers supported higher interest rates to curb inflation. The prospect of higher US interest rates does not bode well for gold, as...

Captain-Trading Updated 

The weakening of gold is due to the significant increase in the value of the US dollar on the international market over the past few days, as a result of the Federal Reserve's decision to maintain its tight monetary policy. The US dollar index has risen by 0.2%, making gold more expensive for those who hold other currencies. Reflecting investors' lack of...

Captain-Trading Updated 

The immediate delivery price of gold has decreased again on Wednesday, falling below the significant $1900 level that is crucial for gold buyers as the dollar rebounds from its lowest level in 15 months. Retail sales data from the United States, released on Tuesday, showed strong consumer spending in the country, indicating a potential increase in inflation...

Captain-Trading Updated 

Gold prices continued to decline today, with gold trading at $1,895.4 per ounce. Gold reached a new low during yesterday's trading session. According to the central bank's July monetary policy meeting, the Federal Reserve will maintain a "hawkish" stance to keep open the possibility of raising interest rates due to increasing inflationary pressures. The strong...

Captain-Trading Updated 

World gold price today continued to decline slightly with spot gold down 3.2 USD to 1,903.6 USD/ounce. December gold futures last traded at $1,933.4 per ounce, down $10.6 from yesterday. Gold prices are trading at a five-month low, under selling pressure even as the New York Federal Reserve reported a sharp drop in activity in the region's manufacturing...

Captain-Trading Updated 

U.S. retail sales data released on Tuesday showed consumer spending remained strong in the country, potentially indicating more inflationary pressures in the coming months. Investors mostly favor the dollar and Treasuries as a safer haven than gold, as risk appetite worsens amid worsening economic conditions across most globally, especially in China. The...

Captain-Trading

The price of gold today continued its descent, reaching 1904.69 USD/ounce. Following several days of significant gains, the dollar has now reversed its upward trajectory. However, despite this shift in the currency market, the price of gold remains on a downward trend today. This can be attributed to investors diverting their capital into US bonds as bond yields...

Captain-Trading

Today, the price of gold in the global market experienced a slight decrease, with gold trading at $1,903.6 per ounce. In an effort to stimulate economic recovery, the People's Bank of China (PBoC) has made the decision to reduce interest rates on its medium-term lending tool from 2.65% to 2.5%. The robust economic recovery has led to a significant rise in the...

Captain-Trading Updated 

In the near term, and according to the 4-hour chart, the falling EMAs lead to lower levels, now providing dynamic resistance around $1920.30. The longer moving averages are still much higher than the shorter ones, while providing a downward slope, while technical indicators have bounced from intraday lows but are still in the zone. negative. pole. In the end, the...

Captain-Trading Updated 

After a strong selling session, the gold price today, August 15, continued to be sold by investors in the context of the demand for holding USD heating up, bond interest rates increased sharply. Gold price today was sold by investors in the context of a series of leading Chinese enterprises doing business at a loss. Since then, international financial investors...

Captain-Trading Updated 

The world gold price has dropped continuously due to positive economic recovery signals from major economies. Japan's GDP growth in Q2 2023 was 6%, surpassing expectations. The USD also strengthened, causing investors to withdraw capital from gold. This has led to a deep decline in gold prices with no immediate chance of reversal.

Captain-Trading Updated 

The current global gold price is down slightly today, with the value of gold falling by $7.6 to $1,906.8 per ounce. In terms of futures trading, the December gold futures price was last observed at $1,944 per ounce, down $2.60 from the previous session. Earlier this week, December gold futures hit a five-month low due to bullish pressure on the US dollar. Earlier...

Captain-Trading Updated 

Gold prices showed a morning increase, with spot gold rising by $1.3 to $1,911.4 per ounce compared to last week's closing level. After reports of inflationary pressures, gold experienced its second largest weekly decline, falling about 1%. Mixed sentiment around interest rates is keeping the precious metal in a neutral range. The US retail sales for July and...

Captain-Trading Updated 

The spot price of gold on the global market concluded today with an increase of 1.3 USD, reaching 1,913.1 USD per ounce. On the Comex New York exchange, gold futures for December delivery experienced a minor decrease of 2.3 USD or 0.12%, settling at 1,946.6 USD per ounce. Gold has encountered significant declines for two consecutive weeks now, resulting in a...