Tag: 2023 gold prices

  • This is all time high for gold!

    Reading Time: 3 minutes The potential of it dropping below $2000 seems incredibly unlikely. Therefore, this presents a compelling opportunity for investment. Rather than relying on the speculative predictions of YouTubers, delve into comprehending the technical aspects yourself. Platforms like TradingView and TD Ameritrade offer the Think or Swim platform, which are free and abundant…

  • Gold Dips Below $2,000 Amid Fed’s Hawkish Signals

    Reading Time: 3 minutes The anticipation of aggressive measures from the Federal Reserve to combat inflation sent shockwaves through the market, causing gold prices to plummet below the psychologically significant $2,000 threshold. Investors found themselves navigating a landscape rife with caution, triggered by the hawkish stance outlined in the minutes from the latest Federal Open…

  • Gold back at $2000.

    Reading Time: 2 minutes Gold’s recent trajectory has been quite the rollercoaster ride, starting at $2000 and spiking to $2,007 before retracing towards that critical level. There’s a palpable anticipation around the $2,010 mark – a make-or-break threshold that might herald a significant shift. Interestingly, the buzz around this level seems somewhat muted this time,…

  • Gold Price Movement and Factors Influencing ItGold price (XAU/USD) has been fluctuating near the $1,985 region.

    Reading Time: 3 minutes Gold price (XAU/USD) has been fluctuating near the $1,985 region, struggling to capitalize on its modest intraday move. The price met with some supply following an intraday uptick to the $1,985 area on Monday and dropped to the lower end of its daily trading range during the first half of the…

  • Gold Prices Steady Amid Dollar Strength and Fed Rate Speculation; Labor Market Weakness Boosts Precious Metals.

    Reading Time: 4 minutes Gold prices, a keen indicator of market sentiment, have shown resilience despite the weight of a stronger dollar. This stability owes itself to the prevailing perception that the U.S. Federal Reserve has concluded its interest rate hikes, a factor providing a foundational support to gold prices. Five key highlights from the…

  • Gold Prices Soar to Record Monthly Finish Amidst Geopolitical Tensions and Market Dynamics.

    Reading Time: 4 minutes Introduction The month of October witnessed an extraordinary surge in gold prices, reaching a historic high across major currencies. The journey from a September low below US$1,850/oz to surpassing the US$2,000/oz mark by the end of October was propelled by a series of events, notably the geopolitical tensions in Israel on…