XRP is approaching its third bullish golden cross in history, which could lead to significant price surges, according to popular analyst Egrag Crypto.
Gold and silver prices rise as the weaker U.S. dollar index and dip in U.S. Treasury yields attract futures traders and bargain hunters, while anxieties build over upcoming speeches from the Fed and ECB on future monetary policy direction and the potential shift in the Fed's inflation goal.
Gold and silver prices rise to three-week and four-week highs respectively, driven by weaker-than-expected U.S. economic data and a decline in the U.S. dollar index.
Gold reaches its highest point in nearly a month due to weak U.S. economic readings, suggesting that the Federal Reserve may halt its interest rate hikes.
Gold and silver prices are higher and hit daily highs in early U.S. trading on the back of a dovish U.S. economic report and expectations of no further interest rate hikes from the Federal Reserve.
The dollar has reached a five-month high as investors anticipate the need for elevated interest rates due to the strong US economy, with factors such as weak growth in China and Europe, rising US yields, and falling equity prices further supporting the case for dollar strength.
Gold could retest $1900 before experiencing further gains, due to seasonal factors, the strength of stocks and the US dollar, according to Sean Lusk, co-director of commercial hedging at Walsh Trading, but he remains optimistic about the longer-term outlook for the precious metal.
The U.S. dollar's dominance in the gold market may be losing momentum, potentially leading to new all-time highs for gold as the dollar weakens, according to market strategist Carley Garner. She expects the U.S. dollar index to hold resistance below 105 points and eventually retest support at 99 points, which could be a game changer for gold, potentially pushing prices to $2,600 an ounce. Garner also highlights the resilience of gold and the potential for a selloff if the Federal Reserve shifts to a more neutral monetary policy stance. However, she is not as optimistic about silver, preferring to focus on gold.
The US Dollar Index (DXY) retreats as falling US Treasury yields and risk-on sentiment weigh on the greenback, while technical indicators suggest a potential golden cross and the outcome of the Federal Reserve's meeting could impact its movement.
The U.S. dollar remains strong above the $105 mark, supported by the hawkish stance of the Federal Reserve and increased Treasury yields, while gold prices consolidate and oil prices rebound due to supply cuts and positive outlooks for the U.S. and China.
The surge in the U.S. dollar may pose a challenge for U.S. stocks as they struggle through a losing September, creating headwinds for U.S. multinationals and tightening financial conditions.
The strength of the US dollar and rising bond yields are causing gold prices to fall to their lowest level since March, with some analysts predicting that the bearish momentum could push prices down further to their 2023 lows at $1,810 in the spot market.
Gold and silver prices are falling due to a strong U.S. dollar, rising U.S. Treasury yields, and upbeat risk attitudes, while Asian and European stocks are mixed, and the Bank of Japan is monitoring the depreciation of the yen against the U.S. dollar.
Bitcoin and gold are expected to thrive amidst fiscal problems in the US economy and a potential pivot from the Federal Reserve, according to macro investor Luke Gromen. Gromen also suggests that the launch of a gold-backed currency by the BRICS alliance may weaken the US dollar as the world's reserve currency.
The gold market has experienced nine consecutive days of losses, its longest losing streak in seven years, due to surging bond yields, but rising bond yields also pose significant risks for the economy, creating potential for short-term challenges and a potential breakdown in the U.S. dollar's international appeal.
The dollar is trading lower for the third consecutive day, reaching its highest value in almost a year before experiencing a doji candlestick, a pattern that can indicate a trend reversal or market consolidation, with implications for gold futures.
The U.S. dollar reached a one-week high against other currencies following the release of U.S. consumer prices data, which increased expectations for higher interest rates; safe-haven buying also contributed to the dollar's strength due to escalating Middle East conflict.
Gold prices have risen nearly $100 an ounce since the recent conflict between Hamas and Israel, driven by increased demand for safe-haven assets during times of geopolitical uncertainty, although a sustained surge and record highs are unlikely in the short term due to factors such as strength in the US dollar and rising real yields.
Gold and silver prices have been boosted by geopolitical concerns and dovish comments from the Federal Reserve, but the path of least resistance for gold remains sideways to down unless there is a reversal in US Treasury yields.
