The Fed’s hawkish stance on interest rates is strengthening the US dollar while central banks globally grapple with inflation and economic growth.
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Today, the XAU/USD gold chart shows a historic milestone as the price of the precious metal surpasses USD 2,400 per ounce.
A strong US economy, cautious Fed policy compared to Europe, and safe-haven demand are all fueling the surge of the US Dollar.
Strong US inflation data boosted the dollar as investors weigh the Fed’s response between fighting inflation and maintaining economic growth, while central bank policy divergence could impact the Euro.
BlackRock, the world’s largest asset manager, has expanded its roster of authorized participants for its iShares Bitcoin Trust ETF by adding four Wall Street giants.
The strong US jobs data, hawkish Fed comments, and mixed Eurozone data all contributed to a stronger US Dollar, while geopolitical tensions boosted safe-haven Gold prices.
Today’s market landscape witnesses a notable shift as the US Dollar Index takes a steep dive to its lowest level of the month right at the market open.
ARP Digital, a digital asset services company co-founded by former Goldman Sachs partner Yusuf Alireza, has obtained a license from the Central Bank of Bahrain to operate within the country.
The US dollar weakens due to slowing economy, uncertain Fed policy, and global tensions, causing investors to seek safety in gold and other havens.
The XAU/USD gold chart today shows a surge, with the metal surpassing the milestone of USD 2,250 per ounce.
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This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.
Diverging central bank policies – hawkish Fed and dovish ECB – strengthen the US Dollar while geopolitical tensions and expected rate cuts lift Gold prices.
Gold can be expected to rise further toward the next resistance level 2250.00 – the breakout of which can lead to further gains toward 2300.00.
Divided central banks (hawkish Fed vs. dovish ECB) and key US inflation data this week drive market movement as gold prices eye potential Fed rate cuts.
This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.
Selecting a bitcoin wallet is crucial for managing and securing your cryptocurrency investments. This guide explores types, features, and security measures to consider.
This preview of weekly data looks at USOIL and XAUUSD where economic data coming up later this week are the main market drivers for the near short-term outlook.
Central banks take center stage this week with the FOMC meeting being the most anticipated as its decisions could impact currencies and gold prices.