Gold and silver continue to move higher as flight-to-safety flows and lower US Treasury yields provide fertile ground for the precious metals
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.Gold and silver are pushing higher, fueled by a growing feeling that US interest rates have peaked and haven flows as the Middle East crisis intensifies.
The path of least resistance for gold is higher although a short-term period of consolidation, perhaps sparked by this week’s US data releases, cannot be ruled out. Gold is neutral – neither oversold or overbought using the CCI indicator – and is seen testing the $1,885/oz. to $1,893/oz. area. On either side of this resistance zone lie the 20- and 50-day simple moving averages, and both of these will need to be broken convincingly if the precious metal is to move back toward $1,932/oz.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.a registered Introducing Broker with the Commodity Futures Trading Commission and is no longer a Member of the National Futures Association in the U.S. Any and all information provided by FXP is not intended for use by U.S. residents or individuals domiciled in the U.S.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Silver Price Analysis: XAG/USD recovers after Fed’s Logan words, US yields plungeOn Monday, the Silver Spot price XAG/USD gained momentum, mainly driven by US yields taking a big hit after Federal Reserve’s Lorie K. Logan hinted at
Baca lebih lajut »
Silver Price Analysis: XAG/USD retreats from one-week high, seems vulnerable below $22.00Silver comes under some renewed selling pressure on Tuesday and for now, seems to have snapped a two-day winning streak to a one-week high, around the
Baca lebih lajut »
Silver Price Analysis: XAG/USD turns choppy below $22 as focus shifts to US Inflation dataSilver price (XAG/USD) trades sideways below $22.00 and seems gathering strength for a fresh upside as Middle East tensions have improved appeal for t
Baca lebih lajut »
Silver Price Analysis: XAG/USD dips below $22 as bearish harami pattern loomsSilver price (XAG/USD) loses some of its bright, retreats from around weekly highs of $22.01 and is back below the figure, exchanging hands at around
Baca lebih lajut »
Silver Price Analysis: XAG/USD strengths beyond $22.00 mark, over one-week highSilver regains positive traction following the previous day's modest fall and climbs to over a one-week high during the early part of the European ses
Baca lebih lajut »
Gold Price Forecast: XAU/USD buyers keep $1,880 in sight ahead of US PPI, Fed MinutesGold price is extending its phase of bullish consolidation near the one-week high of $1,865 in Asian trading on Wednesday. Gold price is gathering pac
Baca lebih lajut »