Tag Archives: Gold
Gold Price Dips Sharply Due to Dynamic Factors
On Tuesday, gold prices dropped by over 1%, though they later recovered slightly, closing at 2621 with a 0.83% decline. This represented the steepest percentage drop in six weeks, as recent U.S. employment data tempered expectations for a larger rate cut, while markets awaited the release of the U.S. Federal Reserve’s policy meeting minutes for […]
Gold and U.S. Dollar Strengthen as War Intensifies
On Tuesday, Iran launched missiles towards Israel, driving demand for safe-haven assets like gold and currencies like U.S dollar, while the U.S. dollar also firmed on data highlighting a resilient U.S. labor market. Gold surged by 1.09%, closing at $2,663 per ounce, and the U.S. Dollar Index rose 0.45%, ending the session at 101.21. (Gold […]
Focus on COPPER today – 25th SEP 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the COPPER for SEP 25, 2024. Key Takeaways Technical Analysis Daily Chart Insights (Copper Daily Price Chart, Source: Ultima Markets MT4) H1 Chart Insights (Copper H1 Price Chart, Source: Ultima Markets MT4) Pivot Indicator (Copper Daily Price Chart, Source: Ultima Markets APP) Conclusion […]
Gold Prices Remain Uncertain as Investors Await Fed Data
On Monday, gold prices slipped by 0.16%, closing at $2,499 per ounce. This followed a 0.7% decline last Friday after U.S. inflation data indicated that the Federal Reserve might opt for a smaller-than-expected interest rate cut this month. (Gold Daily Price Chart, Source: Trading View) Friday’s data revealed that U.S. consumer spending saw a solid […]
Focus on GOLD today – 28th Aug, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for Aug 28, 2024. Key Takeaways Technical Analysis Daily Chart Insights (XAUUSD Daily Price Chart, Sources from Ultima Markets MT4) 1-hour Chart Analysis (XAUUSD H1 Price Chart, Sources from Ultima Markets MT4) Pivot Indicator (XAUUSD 30 Minutes Price chart, Sources from […]
Gold Reaches New Highs but Far from Its Peak
Today, Ultima Markets brings you an in-depth analysis of gold as of August 20, 2024. Fundamental Analysis Central Banks Support Gold Prices: In the first half of this year, central banks’ net gold purchases reached 483.3 tons, equivalent to nearly 40,000 gold bars. This is one of the factors supporting the strong rise in gold […]
Gold Gains Over 1% as Market Uncertainty Intensifies
The price of gold surged 1.69% on Monday, closing at $2471.93 per ounce. This was mainly driven by safe-haven inflows as traders anticipated U.S. inflation data this week, which could provide further insight into the Federal Reserve’s trajectory for interest rate cuts. “Should the incoming data continue to show that inflation is moving sustainably toward […]
Focus on XAUUSD today – 6th AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 6 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on XAUUSD today – 1st AUG 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 1 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Gold Prices Dip as U.S. Economy Shows Unexpected Resilience
Gold prices continued their downward trend on Thursday, trading at $2,370 per ounce and marking a two-week low. The decline came in response to economic data released by the Bureau of Economic Analysis (BEA), indicating the U.S. economy’s resilience despite the current restrictive monetary policy. U.S. Gross Domestic Product (GDP) showed impressive growth, expanding at […]
