TrategySherpa

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World gold regains momentum World gold prices recorded a slight increase of 2,636 USD/ounce, showing a recovery compared to the previous session. In the previous trading session, the price had fallen to 2,629.5 USD/ounce due to pressure from the signal of a moderate pace in the Fed's next interest rate easing cycle. Fed Chairman Jerome Powell spoke at the annual...

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Weaker US macroeconomic data has put significant downward pressure on the USD, pushing it closer to its lowest level this year while pushing gold prices to a new record high. The Consumer Confidence Index fell to 98.7 in September, down from 105.6 in August, while Current Conditions fell to 124.3 from 134.6. A Richmond Fed survey showed manufacturing activity...

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The US Federal Reserve’s interest rate decision last week did not disappoint the gold market. After the policy meeting, gold prices continuously “broke” records and ended the week above the $2,600/ounce mark. Currently, gold prices continue to expand their upward momentum and are fluctuating around $2,628/ounce.

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Pressured by a rebound in the US dollar and a slight rise in US government bond yields, the yellow metal lost 0.5% after hitting an all-time high of $2,589 an ounce earlier in the week. Traders are now waiting to see whether the US Federal Reserve will pivot policy at this meeting as expected. Following a series of optimistic data, financial markets are...

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Gold could confirm a breakout and unless something major happens in other markets, this would be a bullish sign. So far, nothing has happened in the precious metals sector, while the DXY has fallen. This is a bearish factor, but before we jump to conclusions, let’s dig deeper.

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Gold prices are on track for their biggest weekly gain since mid-August, rising 2.8% to a record $2,570 an ounce. The gains were fueled by a weaker dollar. Gold was last up 0.4% at $2,568 an ounce. The MSCI Asia Pacific ex-Japan Index rose 0.53%. US stock futures rose 0.1%, following gains in currency indexes on Thursday.

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"The market is currently pricing in a moderate FOMC rate cut outside of a recession. We, along with the majority of US economists, do not expect the US economy to fall into a recession." Global stocks rose for a fifth straight day, posting a 0.2% gain. This was helped by gains in European stocks, where the STOXX 600 index rose 0.4%, heading for a 2.6% weekly gain...

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The world gold price is currently at $2,563/ounce, up $46 compared to early yesterday morning. The main driving force comes from the ECB's monetary policy easing move. Specifically, the ECB has lowered the base interest rate by 25 bps to 3.5%, while reducing the refinancing rate and marginal lending rate to 3.65% and 3.9%, respectively. In addition, the gold price...

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September began with a weak US jobs report and news that Japan had raised interest rates from zero to 0.25%. This sent the CBOE Volatility Index (the “fear index”) soaring from 16 to 38, and crowd favorites like the yen carry trade and the world’s most important stock, Nvidia (NVDA), down double digits. In his speech at Jackson Hole in late August, Fed Chairman...

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A report showing a weakening U.S. labor market on Friday could help the Fed determine whether to cut interest rates by 25 or 50 basis points at its next meeting. Lower interest rates would weaken the dollar but significantly increase the appeal of non-yielding assets such as gold. Gold prices have risen more than 20% this year, hitting a peak of $2,531.75 an...

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Gold is under pressure from weakness in global equities. However, the trend in gold prices remains bullish and these losses are only corrective. on the yellow metal’s resistance levels above $2,510/oz and expect gold prices to break $2,543/oz soon. The current environment is risky for most popular commodities and gold offers the best protection against...

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Gold is taken into consideration a beneficiary whilst the United States Federal Reserve (Fed) enters a cycle of hobby charge cuts, which might also additionally begin from September 17-18. Lower hobby prices will motive the USD to depreciate in opposition to a basket of different predominant currencies. Gold will then boom in price. Many forecasts say that gold...

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Earlier, gold fell sharply to hit a more than one-week low, pressured by a rebound in the dollar, while investors awaited US non-farm payrolls data to determine the size of the cuts at the US Federal Reserve's September policy meeting. The dollar hovered near a two-week high, making gold more expensive for holders of other currencies. The market is pricing in a...

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Investors are now focusing on US inflation data released at the end of the week to find a clearer direction for gold. According to experts, this wait-and-see mentality has also slowed down gold buying, even pulling gold prices down in the remaining sessions of the week. Some experts said that if inflation data is released to increase, it will further reinforce...

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XAU Markets Await US CPI News The DXY Index rose 0.3%, reducing the appeal of holding the precious metal. The market is pricing in a 67% chance of a 25bps rate cut by the Fed and a 33% chance of a 50bps rate cut Fed Chairman Jerome Powell last week backed the start of rate cuts next month, while expressing confidence that inflation could hit its 2% target. A...

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While investors are also cautious about how hawkish the Fed will be Caution and profit-taking pressure may be factors that prevent gold from continuing to rise. However, many recent forecasts show that the medium and long-term trend of gold is still quite bright. Demand for this commodity is forecast to increase. Major funds in the world are also increasing their...

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Gold prices surged in the first session of the week after Federal Reserve Chairman Jerome Powell delivered a historic speech at the Jackson Hole conference, marking a reversal in US monetary policy. Accordingly, Mr. Jerome Powell signaled that "it is time to adjust policy", reducing interest rates to support the economy. According to Mr. Powell, inflation has...

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Spot gold rose 0.3% to $2,518.forty seven an oz., barely underneath its preceding top of $2,531.60 an oz. hit closing week. US gold futures additionally rose 0.3% to $2,555.20. Interest charge expectancies and safe-haven call for on Middle East tensions may want to push gold better withinside the quick term, with XAU/USD forecast to go towards $2,six hundred an...