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Gold Futures(DEC4) News
Spot gold short-term trend analysis: Before breaking through 2675, the opportunity tends to be bullish, focusing on five factors.
On Friday (November 18th) in the early Asian market, spot gold hovered slightly below the $2700 level, currently trading near $2697.88 per ounce. On one hand, gold prices are supported by the Fed's rate cuts and expectations of global loose mmf, as well as by safe-haven bid and dip bid support. On the other hand, the prospect of a stronger dollar under Trump's administration still gives the bulls some concern. This trading day requires attention to the stimulus policies of major Asian countries, the University of Michigan's consumer confidence index, speeches by Fed officials, relevant geopolitical news, and the market's further interpretation of the Fed's decision. In terms of fundamentals, the Fed's rate cut.
Fed rate cut sparks market boom! Powell sends out a significant signal. Gold price skyrockets over $47. How to trade gold?
On Thursday, spot gold surged nearly 2%, as the Fed cut interest rates by 25 basis points as widely expected, causing the dollar to plummet and providing upward momentum for gold. FXStreet analyst Christian Borjon Valencia pointed out that the Fed's dovish rate cut and hints of flexibility in future policy direction benefited gold.
Spot gold surged by $50! Wall Street comprehensively interprets the Fed's rate cut in November.
Powell made it clear that even if requested by Trump to resign, he would not. This decision is considered to have almost no clear signal on future rate cuts, with Powell being accused of "delaying" until the fiscal outlook is clearer.
Gold Is the New Bitcoin – TDS
Fed Interest-Rate Cut Still Likely After Trump's Win but December Is Open
Dollar Pulls Back Ahead of Expected Fed Rate Cut
Trump hits commodity futures hard, Citi: sell oil, buy the dip in gold, watch China for metals.
After the "Red Tide" swept through, commodities plummeted. Citigroup predicts that Trump's return will suppress oil prices, but still bullish on the gold bull market, the global de-dollarization process and central banks of various countries shareholding gold will continue to provide support. The mid-term trend of base metals may depend on changes in china and trade situation.
Gold Tumbles, Analysts See Support At $2,626
The Federal Reserve cut interest rates by 25 basis points, sticking to its guns. Can the gold bulls be saved?
A sudden appearance of Trump halfway! Global investors shift their focus to Powell, whether gold can "stop the bleeding" depends on this line of defense.......
Gold trading alert: After Trump's election victory, the US dollar soared to nearly a five-month high, causing gold prices to plummet by more than 3%, hitting a three-week low, aiming for 2600?
On Thursday (November 7), in early Asian trading, spot gold fluctuated slightly higher, currently trading near $2662.35 per ounce. Gold prices plunged more than $80 on Wednesday to a three-week low, hitting a low of $2652.35 per ounce, closing at $2658.78 per ounce, a drop of about 3.1%, the largest single-day drop since June 7, as investors poured into the dollar after Republican Trump was elected as President of the usa, with US bond yields also rising sharply, and US stocks hitting record highs putting pressure on the safe-haven demand for gold. Trump's victory in the US presidential election triggered a sharp rebound in the dollar, reaching its highest point since July 3rd.
Shocking! Trump's victory triggered a 175-point surge in the US dollar and a nearly $85 drop in gold prices. How to trade gold?
On Wednesday, after Trump was elected President of usa, investors rushed to buy dollars, causing the gold price to plunge to a three-week low. Stone X analyst Rhona Connell said: "Originally, the market expected election results to be controversial, but Trump's clear victory eliminated this uncertainty, reducing risks. Trump's election resulted in a strong rise in the dollar, and the combination of the two caused the gold price to fall."
Trump sparks a rally in the US dollar! US stocks and bitcoin hit new highs, with the Dow rising 1500 points, small cap stocks surging, while US bonds and metals plummet.
Dow rises to the best level in two years, small cap index rises nearly 6%, banking stocks rise over 10%, oil, steel, and crypto stocks surge, European and American solar stocks all collapse, Trump media technology rises by almost 35% before closing up by about 6%, Tesla rises by nearly 15% to a two-year high, Qualcomm rises by 10% after the bell. Chinese concept stocks narrow their declines, NIO Inc and Zeekr drop over 5%. 10-year US Treasury yield rises the most by 20 basis points nearing 4.48%, reaching a four-month high along with a 1.7% rise breaking 105 in the USD index, Bitcoin rises by 9% nearing $0.076 million, offshore RMB drops by a thousand points to below 7.20, a three-month low, Euro and Yen once fell by 2%. Gold drops over 3%, London copper drops over 4%.
Can't stop it! The price of gold fell nearly 3% intraday, can the Federal Reserve save it?
Analysts say that a major issue facing the gold market is the comparison between the current Trump and the one who won the election eight years ago, what are the differences.
[Real-time Tracking of the Election] Trump officially wins the usa election.
On November 5th, USA will hold the 60th presidential election, the current vice president Harris and former president Trump will officially compete. Finance Associated Press will track and report the latest developments of this election, so please stay tuned.
Gold Dumped for Riskier Options as Trump Nears Finish Line
After Trump announced winning the usa election, spot gold fell below the $2710 mark intraday. Will the gold bull market continue?
① Today around 2:30 PM, spot gold fell below $2710.00 per ounce, a decrease of about 1.24% intraday; ② According to Trump's core policy proposals of 'lowering interest rates, increasing income, and adding tariffs,' the USA is highly likely to experience a second round of inflation, which will be bullish for gold; ③ The price of gold is mainly related to whether the US dollar is strong and geopolitical risks.
Dollar Surges Against Pound as Trump Claims Victory in US Elections
USA election sudden breakthrough! Trump wins the 2024 USA election, gold price plunges over $40, dollar surges 185 points. Well-known institutions analyze gold trades.
On Wednesday, the Asian market saw a sharp drop in spot gold prices at the close, with gold prices currently falling to around $2702 per ounce, a drop of nearly $42 within the day. The counting of votes for the US presidential election is still ongoing on November 6th local time. US media estimates that Trump has already secured at least 270 electoral votes.
Trump Win Could Boost Growth, But Also Long-Term Risks
Trump is nearing 248 votes for the "victory"! How to trade US dollars, gold, and bitcoin now that the Republicans have won control of the Senate?
USA election votes are being counted, with Trump leading Harris by 248 votes to 216, needing an additional 22 votes to declare victory. Bitcoin and the US dollar are maintaining high-level fluctuations, while gold becomes an exception in the general decline of csi commodity equity index.