Gold News
Forex Signals Brief for February 3: GBP, EUR Fall After BOE, ECB 50 bps Hikes
We have seen three major central banks raise rates again this week, but the respective currencies have ended up lower after that Full Article
Gold Price Forecast: Will XAU/USD Break $1,900 After US NFP With Fed Rate Pause Rum
Following a spectacular recovery surge from the US Dollar Index (DXY) on Thursday, gold prices plummeted to almost $1,912.00. Full Article
Gold on the Way to $2,000 After Bouncing Off the 20 Daily SMA
Gold retreated earlier this week, but turned bullish again yesterday after the FED decision and is heading for $2,000 Full Article
Forex Signals Brief for February 2: USD Falls on Powell’s Rate Cut Comments
Jerome Powell didn't disappoint markets which were expecting a dovish FED and he provided more by mentioning rate hikes Full Article
Gold Price Forecast: XAU/USD Heading for $1,980? Here’s What You Need To Know
The gold price is nearing its highest since April 2022, with early Thursday rounds reaching $1,952-50. Full Article
USD Risk Tilted to the Upside, If Powell Disappoints Today
Markets are all pricing in a dovish FED today after raising rates by 25 bps, but Powell might repeat December's comments which will be hawki Full Article
Looking for More Gold Trades As Markets Expect A Dovish FED
The retreat in Gold is over as buyers get back in charge ahead of the FED rate hike later today, which is expected to be followed by dovish Full Article
Risk Sentiment Should Improve As Chinese Economy Rebounds
China's manufacturing and services are bouncing in expansion as the grand reopening goes underway, which will help improve risk sentiment Full Article
Forex Signals Brief for February 1: EU Inflation and US Employment Before the FED
Yesterday the USD reversed lower after softer US earnings and consumer sentiment, so watch the mind today for volatility before the FED Full Article
Gold Prices Stabilize As USD Index Rebound Ahead Of Fed Policy: What Does it Mean For XAU/USD?
The gold price has dropped dramatically after failing to reclaim the important resistance level of $1,930.00 during the Asian session. Full Article
Will We See A Deeper Retreat in Gold Ahead and After the FED, ECB?
Gold has been finding support at the 50 SMA for a month but that was broken yesterday as we approach the FED meeting Full Article
Forex Signals Brief for January 30: Uncertainty Prevails Ahead of the FED, BOE and ECB Meetings
Last week the economic data from the US showed an improvement, which has left traders uncertain about this week's FED meeting Full Article
Forex Signals Brief for January 27: US Q4 GDP Gives the USD A Small Boost
The US GDP report beat expectations yesterday, giving the USD a push higher, but there were caveats which still leave the situation uncertai Full Article
EUR/USD and Gold Testing the 50 MA As Support, After the Retreat on US Q4 GDP
USD jumped 50pips higher on better-than-expected GDP figures but there were caveats, so we decided to buy the dip in Gold and EUR/USD Full Article
Gold Bulls Take A Breather Just Below $1,950 – US GDP To Watch Out For
Gold prices recently reached a nine-month high but have since declined due to the anticipation of key US events and data releases. Bulls are still aiming for a fresh multi-month peak in the mid-$1,900s range. Full Article
Forex Signals Brief for January 25: Can a 25bps BOC Hike Keep the CAD Bullish?
Bank of Canada is expected to hike rates but slow the pace to 25 bps, which might not be enough to keep the CAD bullish Full Article
XAU/USD Forecast: Gold Looks to Surpass $1,940 Amid Weaker Yields and US GDP
The gold price will try to break above the nearby resistance level of $1,940.00 during the Tokyo trading session. Full Article
Forex Signals Brief for January 24: Services and Manufacturing Day
Today the European and US services and manufacturing PMI will show if we're headed for a deep recession or a mild one Full Article
XAU/USD Forecast: Will Gold Prices Break Trendline Supports On A Correction?
After failing to hold above a significant trendline and horizontal support, gold prices swung wildly to start the week. Full Article
Forex Signals Brief for January 23: Choppy Price Action Expected Due to Economic Data
Last week markets turned choppy after risk assets turned higher early this month n we expect the choppy price action to continue this week Full Article