GOLD SLIPS TO A TWO-WEEK LOW AS FED RATE-HIKE BETS BUOY THE DOLLAR
Gold extended losses on Wednesday, touching its lowest in almost two weeks as the dollar climbed due to rising bets on U.S. rate hikes, while investors assessed conflicting signals on the U.S.-Iran peace talks
Grok, baca dan analisa dari semua twit saya, @grok.
Nama :
Jenis Kelamin :
Usia :
Pencapaian :
Hobi :
Pekerjaan :
Masa depan :
10 hal yang disukai :
10 hal yang tidak disukai :
GOLD – Market Overview
Gold is holding near record highs as traders await the Federal Reserve rate decision later this week.
Expectations for a rate cut and Powell’s guidance on inflation and labor market trends remain key drivers, while safe-haven demand, central-bank buying,
and ETF inflows continue to provide strong support.
📈 Price shows a mild bullish bias and may retest 3,657. A 15-minute close above 3,664 would confirm momentum toward 3,665 → 3,683.
Gold Pauses at Resistance – Will Powell Spark the Next Move? https://t.co/rtQYG9cpBk
Gold pulled back after testing the 3395–3402 resistance zone, with traders focused on upcoming Jerome Powell remarks and rising geopolitical risks.
Morning All!
- US President Trump said they are very close to an India deal, could possibly make one with Europe & it is too soon to say re. Canada.
- US stocks finished higher but with volatile trade amid reports that Trump had drafted a letter to fire Powell; later, Trump denied this.
- DXY has regained some composure after getting hit on Fed independence concerns, G10s softer with AUD lagging after soft jobs data.
- USTs ease after Wednesday's upside, JGBs initially followed suit but picked up after the latest JGB liquidity auction.
- Crude remains afloat, XAU rangebound, base peers lack conviction in contained trade.
GOLD PRICES SLIP AS DOLLAR FIRMS, TRUMP EASES POWELL UNCERTAINTY
Gold prices dipped on Thursday, pressured by a firmer dollar and easing market tensions after U.S. President Donald Trump said it was “highly unlikely” he would dismiss Federal Reserve Chair Jerome Powell.