Market Analysis – March 27 Gold exhibits strong bullish momentum as it nears crucial resistance levels. The 9-day Simple Moving Average (SMA), currently positioned at $3,030, serves as a dynamic support level, reinforcing the prevailing uptrend. The MACD histogram remains in positive territory, with the MACD line above the signal line, indicating sustained bullish momentum. […]
Gold prices soared to new heights on Monday, driven by escalating trade tensions and investor demand for safe-haven assets. The precious metal reached a record $3,160 per ounce before pulling back slightly, yet remains up more than 18% in the first quarter—marking its strongest quarterly gain since 1986. Trade War Fears and Inflation Drive Gold’s […]
The British pound is leading gains in the currency market today, while the Japanese yen lags behind. Meanwhile, European equities are in the red, and U.S. stock futures are dipping slightly. The cautious market sentiment stems from ongoing concerns over former U.S. President Donald Trump’s tariff policies. Markets Respond to Tariff Uncertainty The dollar initially […]
Dollar Gains Amid Tariff Uncertainty and Inflation Concerns Dollar strength is evident today, with the dollar index (DXY00) climbing 0.21% as trade tensions escalate. The possibility of new tariffs fueling inflation has kept Federal Reserve policy restrictive, adding to the dollar’s appeal. President Trump’s latest threat to impose a 200% tariff on European wine, champagne, […]
Market Analysis – March 6 Gold (XAUUSD) remains bullish with potential upside toward the $3,100 resistance zone. The MACD (Moving Average Convergence Divergence) indicator signals bullish momentum, with the MACD line (38.07) positioned above the signal line (29.75), indicating continued strength in the uptrend. The 9-day SMA (Simple Moving Average) at $2,910 serves as dynamic […]
Market Analysis – February 27 Gold (XAUUSD) is poised for new highs as the critical $2,880 support level remains intact. Technical indicators continue to support the bullish outlook for XAUUSD. The 9-day Simple Moving Average (SMA), positioned around $2,920, acts as a dynamic support level. The Stochastic Oscillator, currently near the mid-level at 50, suggests […]
Trump and Musk Stir Debate Over U.S. Gold Reserves Trump has reignited long-standing speculation over the state of Fort Knox’s gold reserves, questioning whether the government’s supply remains intact. Speaking at the White House on Monday, he declared, “We’re actually going to Fort Knox to see if the gold is there. Because maybe somebody stole […]
Market Analysis – February 20 Gold (XAUUSD) remains bullish despite undergoing a short-term pullback. The market continues to trade above the 9-period Simple Moving Average (SMA) around $2,920, maintaining its upward trajectory. However, a minor correction could be imminent as the Relative Strength Index (RSI), currently at 68.68, approaches overbought territory. A slight decline in […]
Gold surged to an all-time high of $2,942.70 per ounce on Tuesday, February 11, amid growing market uncertainty following President Trump’s latest tariff announcement. The rally reinforced gold’s status as a safe-haven asset, even as Bitcoin, often dubbed “digital gold,” struggled to maintain its momentum. Gold Retains Its Safe-Haven Appeal On February 11, it reached […]
