[XAU/USD] Weekend Adjustment
Yesterday, as dollar buying continued, gold remained heavy and struggled to rise. When the European market opened and dollar buying intensified, gold dropped to around 2536. However, in the New …
[XAU/USD] U.S. CPI Rises as Expected
Ahead of the U.S. CPI announcement, gold prices rose to around 2620 as buyers adjusted positions. The U.S. October CPI rose as expected, from 2.4% to 2.6% compared to the …
[XAU/USD] Rising U.S. Long-term Interest Rates and Strong Dollar
In the European market yesterday, when U.S. long-term interest rates fell, the dollar weakened across the board, which led to increased gold selling. As the price dropped below the previous …
[XAU/USD] Gold Keeps Dropping as Dollar Rises
Gold selling continued early this week, starting with Monday’s Tokyo market. Prices found brief support around 2670, but later in the day, gold continued to fall sharply due to light …
[XAU/USD] Gold Stabilizes as Dollar Rally Pauses
Last week, gold prices dropped from around 2750 to 2640 as the U.S. dollar strengthened after Donald Trump was elected president. Later, there was some buying in anticipation of the …
[XAU/USD] Decline in U.S. Long-Term Interest Rates and Dollar Weakness
Gold, which had dropped significantly the previous day, rebounded yesterday. The dollar initially strengthened due to the “Trump rally,” but as the FOMC meeting approached, the dollar saw increased selling, …
[XAU/USD] Falls Below Channel Support
Due to the certainty of Trump’s re-election, the dollar has strengthened across the board, which has accelerated the drop in gold prices. Gold has fallen below the middle line of …
[XAU/USD] Buying Dollar against Trump
Today, as results from the U.S. presidential election gradually become clear in Tokyo time, if Mr. Trump appears to be in the lead, people may start buying the Dollar, which …
[XAU/USD] Gold Prices Expected to Stay Strong Amid U.S. Election Uncertainty
With the U.S. presidential election just around the corner, U.S. long-term interest rates have dropped, leading to early selling pressure on the dollar. Gold prices rose to $2,748, but gains …
[XAU/USD] Weekly Outlook: Impact of U.S. Election, FOMC, and Geopolitical Risks
Last week, the Bank of Japan showed a more hawkish stance, which led to strong selling of gold. Although there was some buying back afterwards, U.S. long-term interest rates rose …