[XAU/USD] Surprise in U.S. Employment Data
The U.S. jobs report for June, announced yesterday, was stronger than expected. Many people thought the labor market was weak because of earlier data like the ADP jobs numbers, but …
[XAU/USD] Adjustment Before U.S. Jobs Data
Yesterday’s ADP jobs report showed weaker results than expected. Because of this, people think today’s official jobs report will also be weak. The U.S. dollar fell, and gold prices went …
[XAU/USD] Trump Tax Cut Extension and US Interest Rate Decline
On this day, the US Senate passed President Trump’s large tax cut plan. This made people worry about a bigger budget deficit, so many investors bought gold as a safe …
[XAU/USD] Federal Reserve (FRB) Interest Rate Cut Pressure
Gold prices were stuck and didn’t rise much recently, as worries about the Middle East became weaker. But yesterday, gold prices went up again. U.S. Treasury Secretary Bessent said that …
[XAU/USD] U.S. Employment Report and Expectations for Early Interest Rate Cuts by the Fed
Last week, there was concern about risk-off due to a U.S. military attack on Iran. However, because Iran and Israel agreed to a ceasefire, the market quickly shifted to risk-on, …
[XAU/USD] Dollar Weakness and Stock Gains
Yesterday during Tokyo trading hours, President Trump said he would announce the next Federal Reserve chair earlier than expected. This caused the US dollar to fall because people thought there …
[XAU/USD] Buy the Dip
After Israel and Iran agreed to a ceasefire, the market mood changed from risk-off to risk-on. This caused people to sell gold. However, yesterday, Federal Reserve Chair Powell said that …
[XAU/USD] Ceasefire Agreement Leads to Sudden Risk-On Mood
Early in the Tokyo trading hours, news reported that a ceasefire agreement had been reached between Iran and Israel, supported by President Trump. This news lowered worries about war, so …
[XAU/USD] Less Concern About the Middle East Situation
At the beginning of this week, gold prices went up in the Tokyo market because the United States suddenly attacked Iran’s nuclear facilities. After that, prices dropped for a short …
[XAU/USD] Buying Gold and US Dollar When Trouble Happens
Last week, Israel asked President Trump to agree to a quick stop to fighting with Iran. Because of this, President Trump left the G7 meeting and returned to the US …