S&P 500 again respected my supports, and even the premium given first one of 6,135 put up some fight premarket. Those that had to be respected – 6,115 and 6,125 – held with ease, and the late session S&P 500 ascent had been no surprise to clients. Even on Grok 3 release hitting META, or
Gold price (XAU/USD) continues its upward momentum, reaching a fresh record high beyond the $2,950 level during the European session. The rally is fueled by concerns that US President Donald Trump’s proposed trade tariffs could escalate into a global trade war. This uncertainty has increased demand for safe-haven assets, including gold. Additionally, a decline in
XAU/USD Gold price continues to trend higher and hit new all-time high in early Thursday trading, driven by growing uncertainty over US tariffs and turbulent pollical conditions which fueled safe-haven demand. Investors remain concerned that US tariff policies could spark a trade war and further undermine still fragile global economy. In addition, President Trump’s U-turn
The Reserve Bank of Australia (RBA) will meet this Tuesdayand is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’convinced that the central bank will reduce the Cash Rate this week, a belief basedon inflation and growth datathatdelivered printssouth of the RBA’s recent projections (released on
Stocks opened significantly lower on Monday, with the S&P 500 dipping below last Monday’s local low after the open. However, it rebounded and closed just 0.76% lower, retracing much of its initial decline. The index closed slightly below the 6,000 level. Today, the S&P 500 is expected to open virtually flat, likely extending its consolidation.
Gold prices remain near multi-month highs as traders await the Federal Reserve’s interest rate decision. Despite modest losses during the early European session on Wednesday, the price action remains strong in gold. The ongoing softness in US Treasury bond yields and the US Dollar supports gold, limiting its downside. Concerns about US President Donald Trump’s
Gold has consistently been a safe-haven asset, attracting investors during periods of economic uncertainty or geopolitical tensions. Recent developments in global trade, inflation expectations, and monetary policies have significantly impacted gold prices. On January 22, 2025, the gold market showed notable bullish momentum, driven by fundamental and technical factors. This article explores these drivers and
XAU/USD Gold price hit new multi-week high early Wednesday, in extension of Tuesday’s 1.4% advance, with near-term action being well supported by strong safe haven demand on fresh uncertainties over Trump’s trade policies that weakened dollar and wide expectations that the Fed will keep interest rates on hold in the policy meeting next week. Bull
Gold prices rebound from $2,689 support during the Asian session, driven by safe-haven demand. The weakening US Dollar reflects expectations of two Federal Reserve rate cuts in 2025 due to easing US inflation. Concerns over President-elect Donald Trump’s trade tariffs further bolster demand for gold above $2,700. Gold (XAU/USD) prices found support around $2,689 during the
Gold stands above descending line. 20- and 50-day SMA post bullish cross. MACD and RSI show positive signs. Gold prices rose above the short-term descending trend line, but the upper boundary of the trading range of 2,580-2,720 looks to be a real struggle for the bulls. Technically, the 20- and 50-day simple moving averages (SMAs)