GenevieveJulia

GenevieveJulia Updated 

Spot gold continued to fall in the Asian market on Friday and is currently trading around 2420. Although the Federal Reserve's September meeting is expected to provide support for gold prices, the rebound of the US dollar index from nearly four months has put pressure on gold prices. It has fallen for two consecutive trading days and continues to be far away from...

GenevieveJulia Updated 

In the early Asian session on Thursday, spot gold fluctuated in a narrow range and is now around $2,468. From a fundamental perspective, there is no obvious negative news. The decline in gold prices is likely due to profit-taking by bulls. Relatively speaking, this week, Fed officials continued to make dovish speeches, the latest US real estate data also performed...

GenevieveJulia Updated 

In the Asian market on Monday, spot gold fluctuated slightly and is currently around 2410. As former US President Trump was shot in the right ear at a campaign rally last Saturday, the possibility of him regaining the White House throne has increased. The market expects that betting on his victory will increase in the coming week, which provides support for the US...

GenevieveJulia Updated 

At the beginning of the Asian market on Friday, gold fluctuated within a narrow range, now around 2408. Gold prices jumped more than 2% on Thursday, breaking through $2,400 and hitting as high as $2,424, a new high since May 22, as previous data showed that U.S. consumer prices unexpectedly fell in June, boosting bets that the Federal Reserve will cut interest...

GenevieveJulia Updated 

Gold fluctuated in a narrow range in the Asian market on Wednesday, currently around 2367. Gold prices rose slightly on Tuesday. Despite the strengthening of the US dollar and rising US bond yields, Federal Reserve Chairman Powell said in a speech to Congress that the US "economy is no longer overheated", "warming up" for the September rate cut, providing support...

GenevieveJulia Updated 

In the early Asian session on Tuesday, gold fluctuated in a narrow range and is currently around 2368. Gold fell more than 1% on Monday, basically giving up all the gains on Friday, as stock market risks rebounded and investors took profits after the previous trading day's surge in expectations that the Federal Reserve might cut interest rates in September!...

GenevieveJulia Updated 

Spot gold fell slightly in the Asian market on Monday and is currently trading around 2383. The unexpected result of the French election over the weekend, the weakening of the euro, provided the US dollar with a rebound opportunity, and the London gold price was slightly under pressure. Gold extended its gains on Friday to its highest level in more than a month,...

GenevieveJulia Updated 

Gold fluctuated in a narrow range in the Asian market on Friday, and is currently trading around 2364. On Thursday, the overall trend remained in a narrow range, while investors digested the remarks of Federal Reserve Chairman Jerome Powell and looked forward to the US NFP employment data released later this week for more signals on US interest rate cuts. The...

GenevieveJulia Updated 

Gold fluctuated in a narrow range in the Asian market on Thursday, currently around 2358. Gold prices rose by more than 1% on Wednesday, hitting a nearly two-week high of 2364 during the session, as recent US data showed a weak labor market, the Fed's meeting minutes were dovish, the market's bets on the Fed's September rate cut increased, and the US dollar index...

GenevieveJulia Updated 

In the Asian market on Wednesday, spot gold fluctuated in a narrow range and is currently trading around 2335. Gold prices fluctuated slightly down 0.11% on Tuesday. Strong U.S. job vacancy data put pressure on gold prices, but Fed Chairman Powell's speech was dovish, and the dollar and U.S. bond yields fell, providing support for gold prices. Of course,...

GenevieveJulia Updated 

Spot gold is currently trading around 2330 in early Asian trading on Tuesday. Gold prices rose 0.23% on Monday, and the US June ISM manufacturing PMI data was worse than market expectations, which also provided upward momentum for gold. The market focus turned to the US NFP data to be released later this week, which may provide more clues for the Fed's interest...

GenevieveJulia Updated 

Spot gold fluctuated slightly lower during the Asian session on Monday, currently around 2324. Gold prices rose and fell last Friday. Although a key US inflation report was basically in line with expectations, boosting hopes that the Federal Reserve may cut interest rates before September, political uncertainty overshadowed this optimism, and US Treasury yields...

GenevieveJulia Updated 

Gold fluctuated in a narrow range in early Asian trading on Friday and is currently trading around 2323. Gold prices rose $30 from their lows on Thursday. As the dollar weakened, the market focus turned to key US inflation data for clues about the direction of Fed policy. The number of Americans filing for unemployment benefits fell last week, but continuing...

GenevieveJulia Updated 

Gold fluctuated narrowly below the 2,300 mark in Asian trading on Thursday. Gold prices fell 1% on Wednesday, hitting its lowest level in more than two weeks at 2,293 during the session, hurt by a stronger dollar and rising Treasury yields, while traders awaited U.S. inflation data to be released later this week. Investors began to digest expectations of monetary...

GenevieveJulia Updated 

Spot gold continued its decline yesterday in early Asian trading on Wednesday and is currently trading around 2312. Gold prices fell 0.63% on Tuesday. Fed Governor Bowman's hawkish speech helped the dollar rise, which had a significant impact on gold prices. In addition, Israel's preference for ending the conflict with Hezbollah through diplomatic means also...

GenevieveJulia Updated 

In early Asian trading on Tuesday, gold fluctuated and fell, currently trading around 2325. Gold prices rebounded 0.56% on Monday, helped by the dollar's retreat as Fed officials said the risk of rising unemployment was increasing. Investors began to wait for U.S. inflation data to be released later this week, which may affect the Fed's monetary policy path. The...

GenevieveJulia Updated 

Gold prices fell to hit 2317 in Asian trading on Monday. The dollar rose to its highest level in seven weeks, making gold more expensive for holders of other currencies, and U.S. Treasury yields also rose. Uncertainty about the timing of the Fed's rate cut. In the short term, the outlook for gold appears bearish due to uncertainty about the timing of the Fed's...