Gold prices continued to hit record highs on Wednesday, driven by optimism over potential lower U.S. interest rates, which weakened the dollar. Spot gold rose 0.3% to $2,670.52 an ounce, with futures reaching $2,694.75. The Federal Reserve's recent rate cuts and expectations for further reductions h

Gold is at 7 year highs and approaching its next resistance at 1735, per Commerzbank. Key quotes “Gold is at 7 year highs and is poised to encounter the next band of resistance at 1734/35, the 78.6% retracement of the move down from 2011 to 2005.”  “The 1734/35 zone guards the 1792/1803 highs (Octob

本日财经焦点事件 16:30 德国标普/BME制造业采购经理人指数 (3月) 17:00 德国标普/BME综合采购经理人指数 (3月) 17:30 英国标普/CIPS服务业采购经理人指数 (3月) 20:30 美国耐用品订单月率 (2月) 20:30 加拿大零售销售月率 (1月) 本日技术分析 英镑/美元 当日内: 目标位为1.2225。 交易策略: 在 1.2310 之下，看跌，目标价位为 1.2250 ，然后为 1.2225 。 备选策略: 在 1.2310 上，看涨，目标价位定在 1.2330 ，然后为 1.2345。 技术点评: RSI技术指标呈现进一步向下趋势。 黄金 当

Dollar is staying under pressure as traders are back from holidays. Risk sentiment is relatively steady with new global coronavirus cases and deaths starting to trend down. The improvements are particularly evident in Spain and Italy since the start of April. There is also hope that the worst is ove

Although yesterday's CPI was slightly more than forecast, it was still a red hot number representing a 40 year high for the US that caused losses on the major US indices. The S&P 500, Nasdaq, Dow and others ended the day down with a continuation of losses from before for most of them. 

Gold price is sitting pretty near the seven-year high as traders continue to remain optimistic about its prospects. Silver, its “poorer cousin”, is trading closer to its YTD high, which is incredible considering that its price was recently at a ten-year high. Therefore, is gold (XAUUSD) still a buy

The price of precious metals represented by gold has been rising like a rainbow, which has also made the markets call for the price of gold to exceed $2,000 more and more in the future;The popularity of gold futures trading can also be seen from the latest third quarter report of CME Group. CME Grou