MGCMAIN E-micro Gold Futures(JUN4)
- 2310.3
- +0.7+0.03%
E-micro Gold Futures(JUN4) News
Gold Price Declines on Upbeat Market Mood
Gold price has fallen almost a percentage point lower on the back of improving risk sentiment.
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.
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."
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.
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.
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.
Gold price diving! Gold futures fell more than $65 per ounce, the biggest drop in more than three years
Gold futures prices plummeted by $65.60 per ounce on Monday, or 2.73%, the biggest one-day decline since February 2021.
Has gold reached its peak? UBS: Any pullback is an opportunity to increase gold holdings
Although the market expects the price of gold to enter a consolidation period, UBS believes that any price correction is an opportunity for investors to increase their gold holdings, and the continued existence of geopolitical risks may provide support for the gold market in the long term.
Gold Surges Past $2,400 on Middle East Conflict Concerns
Gold surged past $2,400 an ounce as concerns over rising tensions between Israel and Iran stoked haven demand.
Gold market analysis: The Fed hopes to cut interest rates during the year weaken, and gold is beginning to show signs of adjustment and decline
Wang Gang of the Guangdong branch of the Bank of China said that the price of gold fell somewhat on Wednesday, and spot gold fell 0.2%. The pressure caused by the weakening hopes for US interest rate cuts overshadowed the boost from safe-haven demand caused by geopolitical turmoil in the Middle East. Although the price of gold remained near the record high set last week on Wednesday, it is clear that there are signs of an adjustment decline starting from a high point. On Tuesday, senior US central bank officials, including Federal Reserve Chairman Powell, gave up providing any guidance on when to cut interest rates, but instead indicated that monetary policy needed to be limited for a longer period of time, which also slightly curbed the excessive fanatical sentiment of gold bulls.
Gold May Benefit From 'Powerful Tailwind' When Fed Pivots to Rate Cuts, Says Wells Fargo
Gold has room to rise after reaching record highs this year, as a "shifting interest-rate landscape could be a particularly powerful tailwind," according to Wells Fargo Investment Institute.
Technical analysis of spot gold: the price stabilizes below the $2,400 resistance
On Wednesday (April 17), spot gold remained volatile, hitting an intraday high of $2394.22 and a low of $2372.61. The intraday report was $2381.69 per ounce, a decrease of 0.02%.
US bond yields have risen, and Powell has changed his attitude! Is gold facing a new round of challenges or opportunities?
Gold prices held slightly below record highs on Wednesday (April 17), as safe-haven demand driven by geopolitical risks in the Middle East offset the pressure on rising US dollar and US bond yields. As of press release, gold retested $2,390 to $2389.59 per ounce, which is not far from a record high.
Citi: Gold “shines like a diamond”, up to $3,000
Citibank analysts expect that the “lower price limit” for gold will also rise from around $1,000 to $2,000 per ounce.
Gold Price Benefits From Rising Geopolitical Risks, Lacks Follow-through Buying
Gold price regains positive traction in reaction to Iran’s attack on Israel over the weekend.