XAU/USD consolidates before a sustained break above $2,530
The price of gold stalled just below $2,530 early Wednesday after a three-day uptrend. The US dollar is attempting to recover amid risk aversion as government bond yields remain low.…
The price of gold stalled just below $2,530 early Wednesday after a three-day uptrend. The US dollar is attempting to recover amid risk aversion as government bond yields remain low.…
Silver prices are under pressure to extend their uptrend above $30.00 amid rising US bond yields. The Fed appears ready to cut interest rates in September. Investors are eagerly awaiting…
The EUR/USD has again reached the area of its annual highs around 1.1200. The dollar recovered only moderately after Powell led a sharp decline. The business climate index in Germany…
Gold and Silver Forecast: Will Prices Stay Above $2,500 and $29, respectively, Amid Major Economic Events Next Week? Abstract: Major economic events next week could have a major impact…
The big event on Friday was Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole. While he did not officially commit to a rate cut in September, he hinted…
The Federal Reserve will cut its benchmark interest rate from a 23-year high next month, which will have consequences for consumers when it comes to debt, savings, auto loans and…
Gold prices rise over 1% after Fed Chairman Powell hints at impending interest rate cuts and expresses confidence that inflation is approaching the 2% mark. The US dollar index (DXY)…
In the countdown to Fed Chairman Powell’s speech, the price of silver rises to almost USD 29.30. Jerome Powell is expected to provide new guidance on interest rates and the…
The price of gold is rising slightly, moving away from the weekly low reached on Thursday. The Fed’s dovish expectations are leading to renewed USD selling and continue to provide…
Due to higher yields, the price of silver falls to almost $29.40. The better-than-forecast preliminary US purchasing managers index for August is causing bond yields and the US dollar to…