Gold News Gold prices edged up on Wednesday, with spot gold rising 0.1% to $2,653.04 per ounce, as of 0844 GMT, and U.S. gold futures remaining unchanged at $2,666.70. The market’s focus has shifted to key U.S. jobs reports due later this week, including the nonfarm payrolls report on Friday, which could influence the Federal…
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Bitcoin Analysis: Analyzing the #Bitcoin chart on the 4-hour timeframe, we can see that the price continued its upward momentum as expected, achieving an impressive over 10% gain, reaching the $102,700 zone! However, due to hitting the supply zone of $101,300 to $102,800, Bitcoin experienced a correction and is currently trading around $100,600. After a potential…
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Gold Analysis: Gold followed our expectations perfectly, showing an impressive rally and hitting the targets of $2638 and $2647, yielding a gain of 160 pips! After reaching the second target, gold retraced to $2615, where it encountered renewed demand, pushing the price back up. Currently, it’s trading around $2648. This bullish momentum may continue, so keep…
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Gold News Spot gold rose 0.3% to $2,642.32 per ounce, and U.S. gold futures gained 0.2% to $2,653.60. The weaker U.S. dollar due to uncertainty around President-elect Donald Trump’s tariff plans supported gold prices. The dollar index eased to a one-week low amid speculation of softer tariff policies, though Trump denied the reports. Traders are…
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Gold Analysis: Based on the 4-hour gold chart analysis, we observe that the price followed the second scenario from the previous analysis. Failing to break and hold above $2662, it experienced a deeper pullback, correcting down to $2625. Currently, gold is trading around $2633, and if it manages to hold above $2626, we can expect further…
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Gold News Current Price & Market Outlook: Fed Policy & Inflation Concerns: Geopolitical and Central Bank Activity: Indian Gold Market Insights: Gold’s Historical Performance: Future Outlook: Investment Recommendations: Best options include Gold ETFs, Gold Mutual Funds, or Sovereign Gold Bonds (SGBs). However, new SGBs are currently unavailable. Author : Arman ShabanTo see more analyzes of Gold ,…
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Gold Analysis: Analyzing the #Gold chart in the 4-hour timeframe, we observe that after our last analysis, the price corrected to $2605 and then experienced strong demand, pushing gold up to $2665. During its upward movement, the price reacted multiple times to the levels highlighted in the previous analysis, but buyers proved stronger than sellers, resulting…
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