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Xayah_trading Updated 

OANDA:XAUUSD spiked to a new record high, with continued upward momentum pushing the relative strength index (RSI) into overbought territory. Upcoming changes in US trade policy could support precious metals prices as they will increase uncertainty about the outlook for global economic growth. Against this backdrop, monetary authorities may still face pressure...

Xayah_trading Updated 

Gold prices have just completed an accumulation period and this week broke out to a record high. Specifically, gold price increased quite strongly from 2,732 USD/oz to 2,817 USD/oz, then decreased and closed the week at 2,799 USD/oz. The White House announced that from February 1, 2025, the US will impose a tax of 25% on imports from Canada and Mexico, and 10%...

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OANDA:XAUUSD Spot prices fell below 2,780 USD/ounce and recovered slightly. As of the time this article was completed, gold prices were trading at around 2,783 USD/ounce, as the strong US Dollar overshadowed safe haven demand. after the United States announced tariffs on imports from Canada, Mexico and China. On February 1, US President Trump signed an...

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Last week, the gold market continued to benefit from concerns related to tariffs and US President Donald Trump's statements on interest rates, along with a decrease in US bond yields and the USD, and gold prices traded. trading near a 3-week high of above 2,750 USD/ounce. Ahead of the monetary policy meeting next week, it is predicted that the US Central Bank...

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OANDA:XAUUSD held steady near record highs on Thursday (Jan. 23) as investors awaited further guidance from the new Trump administration on trade policies and potential tax cuts. Gold prices remain near their highest levels since last October as investors consider the impact that President Trump's latest tariff threats against China and the European Union could...

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Influenced by Trump's tariff threats, investors flocked to the safe-haven asset gold. Gold prices soared to their highest level in more than two months. As of the time of writing, spot gold was trading at 2,749 USD/oz, an increase equivalent to 0.17% on the day and close to the target level of 2,750 USD. US President Trump said he is considering imposing 25%...

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In the Asian market today, Tuesday, January 21, influenced by Trump's tariff comments that stimulated risk aversion, OANDA:XAUUSD suddenly jumped to 17 USD in the short term and are currently approaching the mark of 2,725 USD/ounce. Trump was sworn in as the 47th President of the United States in the Oval Office of the Capitol. US President Trump recently...

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In the weekend trading session on Friday (January 17), OANDA:XAUUSD Spot price decreased by 12 USD due to factors such as the recovery of the US Dollar and profit-taking activities of investors, along with some pressure from important technical areas. TVC:DXY Rising prices have put pressure on gold prices, but with uncertainty over incoming President Donald...

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This week, OANDA:XAUUSD fluctuated strongly, increasing from 2,656 USD/oz to 2,724 USD/oz, then decreasing and closing at 2,702 USD/oz. The main reason is due to the prediction that Donald Trump may implement his tariff commitments after his inauguration, increasing the risk of inflation in the context of the FED maintaining current interest rates. If this...

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In the Asian trading session, today's weekend January 17, OANDA:XAUUSD Spot delivery maintains a strong trend, gold price is currently around 2,716 USD/ounce, close to the previous target increase at 2,730 USD/ounce. OANDA:XAUUSD rose to a more than one-month high on Thursday as the latest U.S. economic data weighed on U.S. Treasury yields and dovish...

Xayah_trading Updated 

Due to weaker-than-expected US core inflation data, the US Dollar TVC:DXY weakened and the market also rekindled expectations that the Federal Reserve's interest rate cuts may not be over yet, gold prices increased sharply. Technical factors also continue the upward price structure. US inflation is lower than expected The U.S. Bureau of Labor Statistics...

Xayah_trading Updated 

OANDA:XAUUSD recovered strongly and is currently traded quite narrowly. US PPI data has reinforced investor confidence in the Federal Reserve to cut interest rates further this year. In addition, Trump's report on tariffs also affected the USD, helping push gold prices higher. On Wednesday, investors are focused on the US CPI, which is expected to cause a big...

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After last week's surge, OANDA:XAUUSD Spot trading suddenly suffered a fierce correction and the upward momentum was limited. US bond yields soared, the US Dollar strengthened and investors' profit-taking activities affected the trend of gold. In addition, news of a ceasefire in the Middle East also negatively impacted gold prices. OANDA:XAUUSD fell again as...

Xayah_trading Updated 

OANDA:XAUUSD is accumulating upward momentum, rising to a new multi-week high above $2,680 an ounce. The technical outlook shows that gold prices have shifted to an uptrend in the near future. Next week, key economic indicators from China and the US inflation data will likely drive gold price movements. The US government on Friday released a nonfarm report...

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TVC:USOIL hit its highest level in more than three months in early trading on Monday (January 13) in Asian markets, continuing last Friday's rise on market expectations that the United States will strengthen its measures. sanctions on Russia's oil industry, which will result in Russian supplies in China and India coming under pressure; In addition, the nonfarm...

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Over the past week, international OANDA:XAUUSD increased from 2,614 USD/oz to 2,698 USD/oz and closed at 2,688 USD/oz. The main reason is concerns about rising inflation in the US due to President-elect Donald Trump's expansionary fiscal policies, tariffs and tightening immigration policies. Although high interest rates are often detrimental to gold prices, in...

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On Asian markets on Friday (January 10), OANDA:XAUUSD Spot delivery maintains the intraday recovery trend and gold price is currently at about 2,672 USD/ounce, a range of about more than 1 dollar during the day as of the time of writing. Market participants turned their attention to the US nonfarm payrolls report. Today (Friday), the United States will release...

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OANDA:XAUUSD hit a near four-week high, although minutes from the Federal Reserve's meeting suggested it could take a more hawkish stance as inflationary pressures continue to mount. As of the time of writing, spot gold is currently trading at around 2,659.78 USD/ounce. It rose to yesterday's high of $2,670.01, its highest since December 13. It's worth noting...