Xayah_trading

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OANDA:XAUUSD has been volatile and volatile but has remained broadly stable as investors assess the conflict between Israel and Iran while keeping an eye on this week's Federal Reserve policy meeting. Spot gold was steady at $3.38/oz at press time, down from a high of $3,403/oz yesterday (Tuesday). Israel and Iran traded fire for a fifth day on Tuesday as US...

Xayah_trading Updated 

The unrest in the Middle East this week has boosted safe-haven demand for gold, pushing it above $3,400 an ounce. While gold has broken several recent technical resistance levels, it is unlikely that it will hit a new record high next week. The ongoing conflict between Israel and Iran provides safe-haven support, but historically, gold rallies driven by...

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On Tuesday (June 17) in the Asian market, the spot price of OANDA:XAUUSD suddenly fell sharply in the short term, and the price of gold once fell below 3,380 USD/ounce. As investors watched the hostile situation between Israel and Iran, US President Trump called for an immediate withdrawal of troops from Iran and ordered officials to be ready in the situation...

Xayah_trading Updated 

The Israel-Iran conflict has increased the safe-haven role of gold, while pushing up oil prices, putting further pressure on inflation alongside the tariff pressure from the Trump administration. Although the Israel-Iran conflict may continue to push gold prices higher this week, investors should be cautious and avoid chasing the development of this conflict....

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OANDA:XAUUSD rose to a one-week high as weak U.S. inflation data reinforced market expectations that the Federal Reserve will cut interest rates this year, while conflict in the Middle East boosted safe-haven demand. OANDA:XAUUSD recently hit a fresh one-week high, extending its rally. Spot gold had risen to $3,435 as of press time, after hitting its highest...

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OANDA:XAUUSD rebounded strongly in Asian trading on Wednesday (June 11) after a sharp decline in the New York session on Tuesday. The current gold price is around $3,341/ounce, up nearly $20 on the day. Traders are awaiting the release of the latest US Consumer Price Index (CPI) data for May. Estimates suggest that prices are likely to rise as US households...

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In the early morning trading session on Tuesday (June 10), the spot price of OANDA:XAUUSD suddenly dropped sharply from around 3,328 USD/ounce to around 3,305 USD/ounce. Bloomberg pointed out that the price of gold fell in the early morning trading session in Asia on Tuesday as both sides in the Sino-US trade talks hinted at their willingness to make...

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OANDA:GBPUSD performed relatively steady among major currencies. The UK's avoidance of Trump's new steel and aluminum tariffs supported the pound and market sentiment remained relatively upbeat. The UK releases April GDP and employment data this week, and markets are paying close attention. If the unemployment rate rises, that could drag the pound down; if it...

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The European Central Bank cut interest rates by 25 basis points as expected and said inflation was close to its medium-term target of 2%. Trump's tariff policies have loosened financial conditions, suggesting further easing is likely. This dovish stance has put some pressure on the euro. Preliminary eurozone CPI data for May showed that inflationary pressures...

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OANDA:XAUUSD fell more than 1% on Friday (June 6) due to the unexpected US non-farm payrolls data for May. Spot gold closed at $3,309.84/oz, up 0.8% on the week. Although gold failed to break above the $3,400/oz resistance and may fluctuate in the $3,300-$3,400/oz range in the short term, the market's resilience and long-term uptrend remain solid. Meanwhile,...

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OANDA:XAUUSD maintained its intraday recovery trend and the current gold price is around 3,371 USD/ounce, retesting the initial target increase sent to readers in the weekly publication. In this trading day, investors will focus on the US non-farm payroll data, which is expected to trigger major market movements. Today (Friday), the US Bureau of Labor...

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OANDA:XAUUSD rose significantly, retesting the $3,371 target as weak US economic data and a weaker dollar were the main reasons for the rise in gold prices. The market is also struggling to cope with growing political and economic uncertainties. OANDA:XAUUSD recovered from yesterday's session low of $3,343/oz after ISM and ADP reports confirmed a slowdown...

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Mainly due to the strengthening of the TVC:DXY , OANDA:XAUUSD have fallen sharply from a near four-week high, with a one-day drop of nearly $30 on Tuesday and a slight recovery in today's Asian trading session on Wednesday, June 4. DXY rebounded from its lowest level in more than a month hit earlier in the session on Tuesday and ended the day up 0.6%, which...

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OANDA:XAUUSD rose nearly 3% as US President Trump's tariff threats ratcheted up trade tensions, spurring investor demand for safe-haven assets and sending the dollar sharply lower. US President Trump said on Friday he would raise tariffs on steel and aluminium imports from the US to 50% from the current 25% starting June 4. This has once again disrupted...

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This week, we have the facts that Trump has stirred up the market, Powell has not changed his stance. With the biggest data of the week, the US Non-Farm Payrolls, to be released, the price of OANDA:XAUUSD is expected to rise again after a week of consolidation. Last Week in News After weeks of tariff-easing talks that sent U.S. stocks soaring, Wall Street...

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During the week, OANDA:XAUUSD fluctuated in the range of 3,245 - 3,331 USD/oz and closed the week at 3,289 USD/oz. The reason for the sideways gold price was due to the lack of strong information. The US Court of International Trade's ruling on blocking the Trump administration's tariff policy was postponed, while the US PCE index in April increased by only...

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OANDA:XAUUSD fell in early Asian trading on May 30 after Thursday's gains, although it still had room to rise as weak US initial jobless claims data weighed on the US dollar and Trump's tariffs faced more uncertainty. Gold recovered from a weekly low of $3,245 an ounce on Thursday to break above the $3,300 an ounce mark as weak US initial jobless claims data...

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OANDA:XAUUSD was sold off heavily in early morning trading on Thursday (May 29), with the price of gold falling to around $3,246/ounce, down more than $40 on the day. Bloomberg reported that gold prices fell for the fourth consecutive day as the market digested news that a US trade court had blocked Trump's global tariff program. Gold prices fell 2% in the...