On Thursday, gold extended a mild revival in the face of mixed American data as well as a stock market stabilizing near record maximums…
Tag - gold
The Middle East tension pushes the market into a cautious mode; oil, gold, and the safe-haven currencies gain.
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
The British pound is going up, while gold is correcting
This week the meetings of the Federal Reserve and the European Central Bank will be in the center of market's attention.
The US-China tensions create the main risk for the markets...
Risk-off prevails on the market. Consider trade ideas that presented in this article.
The week starts positively, but on a milder note compared to some aggressive gains achieved recently; with the exception of the USD/JPY, the US dollar is generally weak.
What are the key levels now?
XAU/USD formed a lower high at 1,535 after rising to 1,557 at the beginning of September.
We should watch the next resistance at 1286.15 - 1295.25 as a potential target...
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.