Base Metal Prices Fall, Though Copper Looks to Benefit From Rate Cuts -- Market Talk
Jinshi Data Global Financial Breakfast | September 3, 2024
Gold fell below the key level of 2500, while the US dollar reached a two-week high and then fell back! There was an explosion in the Afghan capital, Kabul, and a super tanker in the Red Sea was attacked by Saudi Arabia. Hamas hinted that if the Israeli military tries to approach for a rescue, the hostages will be executed... What major events happened globally last night and this morning?
Technical Report by Mr. Liu: Gold is still under pressure from pivot points. Keep an eye on whether US oil can test the first resistance.
Silver focuses on this support, the US dollar targets the first resistance, and GBP/USD once tests the key support...
Call betting reaches four-year high! Analyst: Gold bulls haven't used all their strength yet!
Analysts pointed out, "Not all investors have gone all out, and with the confirmation of 'Powell pivot' and the potential further weakening of the US dollar, it is expected that inflows of funds will accelerate until the end of the election."
Panic spreads! Gold breaks below the 2390 mark, while silver slumps by 6%.
The global stock market crash has made traders feel uneasy, and the precious metals market has also fallen.
Technical analysis report on June 21: gold and crude oil.
This article summarizes the latest views of economists at Economies.com today, including spot gold, crude oil, and other varieties!