GCMAIN Gold Futures(JUN4)
- 2327.0
- -30.7-1.30%
Gold Futures(JUN4) News
Gold market analysis: Bank of Japan interferes with the dollar falling and gold prices are calmly awaiting important events
Wang Gang of the Guangdong branch of the Bank of China said that although it was reported on Monday that the US dollar index fell slightly due to market intervention by the Bank of Japan, the impact on gold seemed limited. Gold market participants are basically focused on waiting for the Federal Reserve's interest rate meeting on Wednesday and the non-farm payrolls report on Friday, hoping to get a glimpse into the Fed's interest rate trend. Furthermore, the strength of the non-agricultural sector on Friday, especially wage growth, will be a key influencing factor disrupting the gold trend.
Dow Jones Industrial Average, S&P 500 and Nasdaq Composite Close Higher Ahead of FOMC Day | Market Story
Dow Jones Industrial Average, S&P 500 and Nasdaq Composite All Higher Ahead of FOMC Day
Gold market analysis: This week ushered in the Fed's decision and non-agricultural gold prices to remain stable
Wang Gang of the Guangdong branch of the Bank of China said that the US inflation data showed no signs of slowing down last Friday. Since the beginning of 2024, the PCE short-term trend favored by the Federal Reserve has been rising steadily. This triggered the market to confirm expectations that the Fed may postpone interest rate cuts until later this year, and it is expected that the Fed will show a hawkish trend at the May interest rate meeting. The Federal Reserve will announce its monetary policy decision on May 1. The market expects the Fed to keep the policy interest rate of 5.25% to 5.5% unchanged.
Gold Soars Against The Odds: Eastern Buying Spree Or 1970s Redux? Billionaire Investor David Einhorn Thinks There's A 'Secular Trend'
Gold has been on a remarkable rise in 2024, reaching record highs. The surge is attributed to a combination of factors, including the de-dollarization trend, central bank buying, and increased demand
We're Getting Whiffs of Stagflation, Sosnick Says
Steve Sosnick, Interactive Brokers chief strategist, says the push-pull between stocks and bonds is getting a little nerve racking. He says the bond market is starting to get a little stressed. He is on "Bloomberg Markets: The Close."
Market Closes Green After Tech Earnings | Market Story
Indexes were in the green at open, riding the highs of the most recent tech earnings. Alphabet said it would start paying dividends soon, launching both share classes up 9%.
Gold market analysis: US data was mixed on Thursday, with a slight rise in gold prices and continued to stabilize
Wang Gang of the Guangdong branch of the Bank of China said that after the US released mixed economic data on Thursday, the general decline in the US dollar gave gold a certain boost and remained stable. Although gold rose on the same day, the increase was slight, indicating that investors are still afraid of the March PCE price index to be announced on Friday. It is expected that Friday's response to the strength or weakness of inflation data will cause large fluctuations in the gold market.
Gold trading reminder: Poor US GDP is dragging down the US dollar, and gold prices stick to key support to meet US PCE data
The US GDP growth rate for the first quarter, which was released on Thursday, fell short of market expectations, dragging down the US dollar index to a low level of nearly two weeks, helping the price of gold stay above the key support in the middle of the Bollinger Line. Although US Treasury yields rose after economic data showed signs of stubborn inflation, it dampened hopes that the Federal Reserve would cut interest rates soon.
Market Falls For the Day on Meta's Infectious Drop | Market Story
Indexes opened much lower, dragged down by big tech.
Amazon, Meta, IBM, Super Micro, and Other Tech Stocks in Focus Today
So much for the tech-stock rebound. Disappointing corporate earnings -- most notably the reaction to Meta Platforms' results -- and weaker-than-expected U.S. economic growth data, ar
Spot gold prices climbed as the US dollar weakened before GDP data was released
Spot gold is trending downward in the short term, but gold is still well supported by medium- to long-term trends.
Gold market analysis: I hope the end of the week data will give clues, sort out the price of gold in a narrow range and wait for the results
Wang Gang of the Guangdong branch of the Bank of China said that the price of gold stabilized on Wednesday, and spot gold closed slightly below the closing price of Tuesday at $2311.69 per ounce. The risk premium caused by the Middle East tension has eased, and investors are closely watching the US economic data to be released later this week. These data may provide clues about the Federal Reserve's monetary policy path. After a sharp decline in the previous few trading days, gold entered a narrow range and waited for data results.
Market Trades Flat, Earnings Swing Big and Small | Wall Street Today
Indexes finished flat before yet another massive day of after-hours earnings Wednesday.
AT&T First-Quarter Earnings, Postpaid Phone Subscribers Top Analyst Estimates
AT&T (T) on Wednesday recorded lower first-quarter results but earnings topped market estimates, while the telecommunication giant added more postpaid phone subscribers than analysts expected. The com
Large fund managers are entering the market! Enthusiasm for gold investment is high! Why are fund managers all optimistic?
“Increasing precious metal holdings” has become the consensus of the largest fund managers. Citi's analysis of large fund managers found that 83% of fund managers now go long on precious metals. Meanwhile, gold was the only commodity fund allocators added to their portfolios last month.
Gold's two-day decline of about 3% helped it reach a record high?
Gold futures prices have fallen by a cumulative total of about 3% for two consecutive days, the biggest drop in more than a year.
First Mag Seven Posts Missed Q1 Results, Rosy Outlook | Wall Street Today
Indexes held onto the green Tuesday with a deluge of Q1 earnings finally underway that sent markets into rebound territory. Tesla missed expectations, but still gained after hours.
Dow Jones Industrial Average, S&P 500 and Nasdaq Composite All End Higher
Dow Jones Industrial Average, S&P 500 and Nasdaq Composite All End Higher
Nvidia Stock Rises, Why Analysts See an Opportunity Now
Nvidia was rising early Tuesday. Wall Street is backing the chip maker to recoup its recent losses once its new range of chips starts powering growth. The stock climbed 3.6% by noon. The stock closed up 4.4% on Monday after a sharp fall the previous week.
Apple Sets Date for Special Event After 18-Month Pause: New IPads Expected On May 7
Apple Inc has announced a special event scheduled for May 7, where it is expected to unveil new iPads. The tech giant has sent out invitations to a "special Apple Event" on May 7, at 7 AM PT/10 AM ET. The event will focus on the new iPad models, as indicated by the image on the invite, which features the Apple Pencil.