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Commodity Roundup: IEA Cuts 2024 Oil Demand Outlook, Copper Hits Record High
Big day for the gold market! How to trade the US CPI with the “horror data” attack? This scene may trigger a sell-off in gold prices
Early European trading on Wednesday. Spot gold maintained an intraday rebound trend. The price of gold is currently around 2,363 US dollars/ounce. FXStreet analyst Lallalit Srijandorn pointed out that higher-than-expected inflation data may cause the Federal Reserve to take a more aggressive stance, which will boost the dollar and put some selling pressure on dollar-denominated gold.
A major breakthrough in gold prices! Gold is expected to continue to outperform the market
This indicator highlights the possibility that gold will continue to outperform the market, and gold is likely to reach new highs.
Gold prices hit a record high, Damo: Now it's the turn of gold mining stocks
As the Federal Reserve's interest rate cut approaches, the headwinds facing gold mining stocks are expected to reverse. Damo pointed out that in the first 100 days and 300 days after announcing interest rate cuts, the average performance of gold mining stocks was 10% and 27% better than gold, respectively.
Gold suddenly dives in the short term! The price of gold just fell below $2,340. Gold's latest intraday trading analysis
#黄金技术分析 #24K99讯 At the end of the Asian market on Tuesday (May 14), spot gold suddenly fell rapidly in the short term. The price of gold had just fallen below the $2,340 per ounce mark, and the intraday increase narrowed to around $1.
Gold Drops Sharply in Profit Taking Ahead of U.S. Inflation Data