[XAU/USD] Ascending Triangle Formation
Last week, there were many ups and downs in the gold market.At first, the U.S. dollar got stronger because of news that President Trump might put a 30% tax on …
[XAU/USD] Strong U.S. Economic Data
Yesterday in New York, the U.S. June retail sales and new jobless claims were stronger than expected. Because of this, the U.S. dollar went up. People now think the Federal …
[XAU/USD] Powell May Be Removed from His Position
Yesterday in New York time, the U.S. June Producer Price Index (PPI) was announced. The results were a little lower than expected. Because of this, people thought the Federal Reserve …
[XAU/USD] CPI Higher Than Expected
Yesterday, the U.S. Consumer Price Index (CPI) for June was announced. It was 2.7%, higher than the expected 2.6%. Because of this, people now think the U.S. central bank (Federal …
[XAU/USD] US CPI (Consumer Price Index) and TACO
Gold prices went up at the beginning of the week in the Tokyo market after it was announced that a 30% tariff would be added to goods from Mexico and …
[XAU/USD] U.S. Consumer Price Index (CPI) and Tariff Talks
Last week, gold prices went down first because President Trump said he would delay the tariff deadline to August 1. This news made people buy the U.S. dollar and sell …
[XAU/USD] Copper Price Increase Leads to Gold Rise
President Trump said he will put a 50% tax (tariff) on copper. Because of this news, the price of copper went up quickly. Gold prices also went up for the …
[XAU/USD] Gold Rises as U.S. Long-Term Interest Rates Fall
Gold prices went up for the first time in four trading days because U.S. long-term interest rates went down.Before the FOMC meeting minutes are shared, interest rates in the U.S. …
[XAU/USD] Tariff Deadline Extended Again
Because the tariff deadline on July 9 was extended again to August 1, the market felt safer. This made people take more risk, and some sold gold. Also, talks with …
[XAU/USD] Central Bank Gold Buying and Trump Tariffs
President Trump announced that he will place a 25% tariff on goods from Japan and South Korea starting August 1. Because of this news, market uncertainty increased, U.S. long-term interest …