“Gold Balances Over $2,000 as US Dollar Weakens Amid Bold Fed Projections”

forex

Gold prices have been fluctuating in a narrow range above $2,000 amid a calm market mood. The precious metal is currently experiencing back-and-forth movements around $2,005 in the early Asian trading session, following a gradual correction from $2,011.90. The US Dollar Index (DXY) is also oscillating below 101.80, despite rising expectations of another interest rate […]

“ANZ Predicts XAU/USD Reaches Record High Amidst Investor Pursuit for Safe-Haven”

forex

Gold has continued to extend its gains amid growing global concerns about economic activity. Economists at ANZ Bank have reported that this trend is expected to continue, with the precious metal remaining in sight of a record high as investors seek safety on the back of elevated inflation. The recent renewed concerns of weak economic […]

Gold Surge: Testing All-Time High, Crucial Factors Ahead

forex

Gold prices have been on the rise recently, thanks to a decrease in yields and a weakening US dollar. This trend has economists at Credit Suisse predicting a possible test of the metal’s all-time high resistance levels at $2,070/75. While gold investors may be optimistic about these projections, a break under the 55-day moving average […]