Weekly hot list selection: How much longer can the strong US dollar last? Can Gold reach new highs again?
The strong rise of the US dollar has led to frequent setbacks for non-USD currencies, while Gold has still achieved the largest increase in over a decade. Bitcoin fell back after breaking through 0.1 million USD, and US stocks have repeatedly reached new highs driven by the AI main theme... What exciting market trends did you miss in 2024?
Trump's trade promotes safe-haven bids, Emerging Markets currencies and Gold show divergence in trends.
With Donald Trump being re-elected as the president of the USA, investors are eager to act, while Gold and MMF, two types of Assets that typically move in tandem with the dollar, have been diverging.
Gold Futures End Higher Amidst Ongoing Geopolitical Tensions
Major technical signals for Gold! Gold prices have broken through all key resistance levels. How to Trade Gold with significant data approaching?
On Friday morning in the European market, spot Gold remained stable, with the current price around $2656 per ounce. FXStreet Senior Analyst Dhwani Mehta pointed out that Gold is buoyed by geopolitical challenges and a bullish Relative Strength Index (RSI) on the daily chart, and the price has now broken through all key resistance levels.
A major market movement is imminent! Be alert to today's significant event that could trigger intense volatility in the Euro, British Pound, Japanese Yen, and Gold trading analysis.
On Friday morning in the European market, the USD maintained a moderate downward trend, currently around 109.10; spot Gold is near 2655 dollars per ounce. This trading day, investors will pay attention to the USA ISM manufacturing PMI, which is the most important economic data from the USA this week and is expected to trigger significant market fluctuations.
Sudden reversal! Gold ETF investors "withdraw" and leave, Trump and the Federal Reserve's trading flows into three major asset markets.
After Trump's victory, Gold ETF investors withdrew their funds, directing their investments towards the dollar, the USA stock market, and Bitcoin. Currently, investors prefer to purchase physical gold rather than ETFs.