Gold price plunges before the Federal Reserve decision! Focus on how Powell views Trump's return. FXStreet's chief analyst provides technical analysis of gold price.
During Thursday's Asian session, spot gold basically stabilized after yesterday's sharp drop, with the current price around $2,660 per ounce. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that the current gold price is still trading near Wednesday's low, despite recent oversold conditions, there is still a possibility of further decline.
After the huge earthquake, the "golden moment" of gold is still not over.
With the landing of major events in the USA, international precious metals prices have fluctuated significantly. However, Wall Street expects that as US inflation rises and the global demand for physical gold by central banks remains strong, the future gold price will continue to be supported.
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."
Earnings Call: Kinross Gold Reports Strong Q3 With Record Cash Flow
Kinross Gold Corporation (KGC) Q3 2024 Earnings Call Transcript Summary
Kinross Gold Corporation (KGC) Q3 2024 Earnings Call Transcript
CIBC Maintains Kinross Gold(KGC.US) With Buy Rating, Maintains Target Price $12
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.
Stifel Maintains Kinross Gold(KGC.US) With Buy Rating, Cuts Target Price to $12.92
Scotiabank Maintains Kinross Gold(KGC.US) With Buy Rating, Maintains Target Price $11
Analysts Offer Insights on Materials Companies: Ternium SA (TX), Pan American Silver (PAAS) and Kinross Gold (KGC)
Scotiabank Remains a Buy on Kinross Gold (KGC)
Kinross Gold Q3 24 Earnings Conference Call At 8:00 AM ET
Kinross Gold Reports Strong Q3 Results and Debt Repayment
[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.
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.
USA election heavyweight! Harris 212 votes closely following Trump's 232 votes. Gold price surged over $12 from the daily low. Chief analyst's technical analysis of gold.
On Wednesday, during the Asian market session, the latest news of the US election voting showed that Trump's lead further narrowed, causing the USD to significantly retreat from the day's high. Spot gold continued to rise in the short term, with the current gold price reaching around $2743 per ounce.
What happened?! Trump's lead suddenly narrowed, gold prices surged in the short term approaching 2750, and the US dollar experienced a top reversal. Trump just made a stunning statement.
In Wednesday's Asian market trading, the usd index fell from its high, and spot short-term surged suddenly, currently approaching the $2750/oz mark. The latest vote count in the usa election shows that Trump's lead has significantly narrowed. At present, Trump has received 101 electoral votes, while Harris' vote count has increased from 51 earlier to 71.
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