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2023-11-28T10:00:36+0000
Gold
Beat the street: PCE; Powell; Cyber Monday
Wall Street is set for a cautious start and is on pace for strong November equity rebounds. Retailers are in focus as consumers nab early deals. Plus, gold prices hit a six-month high amid renewed rates optimism.
2023-11-27T16:44:46+0000
Trade of the week: long gold
Since the gold price has risen to a six-month high, we would like to buy the precious metal on a daily chart close above $2,009 with an upside target at $2,075 and a stop-loss at $1,965.
2023-11-27T14:28:12+0000
Gold price hits six-month high as US dollar declines
Gold topped the 2000 level on Monday for the first time in six months, with base metals such as copper and iron also on the rise since October, thanks to the US dollar downtrend. IGTV’s Angela Barnes has more.
2023-11-27T13:34:00+0000
Asia Day Ahead: Singapore’s GDP surprise, Gold prices back at psychological level
The FOMC minutes overnight largely reaffirmed the Fed’s more cautious tone around tightening, which kept expectations well-anchored for further rate hold over coming meetings.
2023-11-22T02:17:31+0000
Asia Day Ahead: Rally on pause after stellar start to the week, RBA rate decision in focus
Major US indices drifted higher to start the week amid the lighter front on the economic calendar, but with gains capped by a slight recovery in Treasury yields.
2023-11-07T02:53:05+0000
Gold price comes close to breaking $2,000 as Middle East tensions escalate
Gold remains one of the best portfolio hedges in the eyes of many investors, and particularly when geopolitical tensions rise.
2023-10-27T00:50:44+0100
Asia Day Ahead: China’s data in focus, Brent prices finding support while gold nears resistance
Wall Street pared earlier losses to end the day flat, but buyers continued to find some reservations from the sharp rise in Treasury yields overnight.
2023-10-18T03:07:07+0100
