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The FXGT Blog
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Gold
18 July 2024
Gold Prices Hit Historic Highs Driven by September Rate Cut Projections & China's Economic Slowdown
Since the start of 2024, gold has climbed over 20%, including an 8% rise since early June following the last FOMC meeting on June 12th.
12 July 2024
Markets React to First Negative MoM Inflation Print Since 2020
This marks the third straight month with declining CPI inflation. This trend of declining CPI inflation, combined with a cooling labour market, puts pressure on the Fed t...
8 July 2024
China's Pause on Gold Purchases and US Data Influence Gold Market
Official data released on Sunday showed that the People's Bank of China (PBoC) did not add to its gold reserves for the second consecutive month in June, keeping its hold...
11 June 2024
Gold's Bull Run Hangs on $2275 Support with FOMC and CPI In Focus
Gold has risen 12% since the start of the year. Recently, however, it has been consolidating within a broad range after encountering strong resistance at $2,400 in both A...
11 June 2024
China’s Gold Buying Pause and US Rate Speculation Hit Gold Prices
Gold saw a significant decline on Friday, closing 3.50% lower after the People’s Bank of China announced it did not add gold to its reserves in May, ending an 18-month st...
28 May 2024
Correction Brings Gold to Key Support as Market Awaits US Inflation Data
After having reached an all-time high last Monday, gold prices declined by more than 4%, now hovering around $2,350. Despite this decline, the daily trend remains strongl...
20 May 2024
Gold Surges to Record Highs Amid Fed Rate Cut Hopes and Escalating Geopolitical Tensions
Gold prices surged on Monday, hitting a record high near $2,450 during the European session. The rise was driven by renewed hopes for interest rate cuts from the US Feder...
14 May 2024
Gold's Bullish Momentum Faces Test with Upcoming US Inflation Data
Gold has climbed 2.60% since the start of May and 13% since the beginning of the year, continuing its rally above key moving averages across various timeframes. However, ...
12 April 2024
Gold Soars to New $2,400 Record High as Geopolitical Tensions Strengthen Safe-Haven Appeal
Record-Breaking Rally: Gold price have surged to new all-time highs, reaching the $2,400 level...
3 April 2024
Gold defends gains above $2,250; Attention turns to Friday’s NFP data
Rally to Record Highs: Gold has been witnessing a significant rally, pushing to new all-time highs above $2280. The current bullish wave reflects a market adjusting to th...
13 March 2024
Gold's Surge to New Heights
Gold's Recent Rally: Gold has seen a significant increase, with over a 10% surge from mid-February, achieving new all-time highs at $2,195. Technical Indicators Show Ov...