Gold price surges to record highs above $2,550 as Fed rate cut expectations mount – FXStreet
Gold hit a new record high after U.S. jobless claims and producer inflation data backed up a possible Fed interest rate cut. The US Dollar Index (DXY) fell 0.29% and Treasury yields rose, with the 10-year Treasury note at 3.689%. The CME FedWatch tool indicates there is an 85% chance that the Fed will cut […]
Wholesale price figure rises unexpectedly in August
Core wholesale prices, which exclude volatile food and energy prices, rose more than expected, further dampening hopes for a 50 basis point rate cut next week. The U.S. government's producer price index, which tracks the costs of goods and services from domestic producers, rose 0.2% last month, in line with economists' expectations, according to a […]
Gold Price Forecast: Faces Key Resistance at 2,529 Amid Consolidation Battle – FX Empire
An ascending triangle is forming There appear to be two ways to look at the recent tight consolidation pattern: as a rectangle, or as an ascending triangle pattern developing within the rectangle. If the triangle comes into play, a sharp upward breakout above 2,532 could occur. If the integrity of the triangle holds, a breakout […]
Consumer Price Index eases, but core inflation rises unexpectedly
A surprise rise in a measure of underlying inflation last month dampened hopes of a big interest rate cut at the Federal Reserve's meeting next week. According to the U.S. Bureau of Labor Statistics, the consumer price index rose 2.5% in August from a year earlier and 0.2% from the previous month, in line with […]
Gold price rises ahead of US CPI data and first Harris/Trump presidential debate – FXStreet
As Treasury yields fall and the US dollar weakens, gold prices rise. Traders are awaiting US CPI data. The probability of a Fed rate cut is 67% for a 25bps cut and 33% for a 50bps cut. The focus now shifts to the first US presidential debate, which could influence pre-election market sentiment. Gold prices […]
Bitcoin price eyes’ last dip’ before October breakout: Analysts – Cointelegraph
Bitcoin is set to surge in October, according to analysts who foresee one last major correction before the parabolic phase of the bull market. Final BTC Price Drop Before Breakout? According to popular crypto analyst Mags, the Bitcoin (BTC) bull market could experience another big pullback before the next uptrend, based on technical chart formations. […]
EUR/GBP Price Analysis: Bearish outlook persists, pair continues sideways trading – FXStreet
With the RSI below 50 and the MACD also below, the bearish outlook remains. The selling pressure is decreasing, which is indicated by the decrease in the red MACD bars. On Tuesday’s session, the EUR/GBP pair saw a moderate rise to 0.8440, indicating that the technical outlook remains mixed. Although bears seem to be taking […]
Gold market analysis for September 10 – key intra-day price entry levels for active traders – Kitco NEWS
Jim Wyckoff I have over 25 years of experience covering the stock, financial and commodity markets. I was a financial journalist for FWN Newswire Services for many years and have also worked as a reporter on the active commodity futures trading floors in Chicago and New York. As a journalist, I have covered every futures […]
Gold price in India: Rates on September 10 – FXStreet
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. Gold price was at INR 6,752.67 per gram, down as compared to INR 6,766.24 on Monday. Gold prices fell to INR 78,761.77 per tola from INR 78,920.15 per tola the previous day. Unit of measurement Gold Price (Indian Rupee) 1 gram 6,752.67 […]
Watch These Oracle Price Levels as Stock Jumps on Strong Earnings, Amazon Partnership – Yahoo Finance
Shares rose nearly 9% in extended trading on Monday. Source: TradingView.com Key Takeaways Oracle shares rose about 9% in after-hours trading on Monday after the enterprise software company reported better-than-expected first-quarter results and announced a multi-cloud partnership with Amazon. Bulls retested the previous trading range in early August, but have since led a rally of […]