Gold

USDCAD jumps as The Bank of Canada cuts again The Bank of Canada lowered its interest rate again by 25 basis points in hopes of continuing its balance sheet normalisation policy. This has led to a significant drop in the Canadian dollar,…
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The "Trump Trade", "Blue Trade" and … Gold rate? There have been some major shake ups in the US election over the last couple of weeks, and they haven't gone unnoticed by the markets. The major news events are seen having an effect on…
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Gold managed to fall below the support 2388 and below this level a further drop wave could move toward the 2300 zone. As we see on the Intraday levels, the market seems to be building a downtrend channel with the support around 2350 and…
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XAUUSD continues higher Gold continues to grind higher to push for another record high after falling short at 2480. The gold price today remains bullish after hitting another record due to the Fed hinting at rate cuts sooner rather than…
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Gold managed to meet the target and advance above it where managed to break above the all time high of 2450. As we see on the chart, the market is facing resistance around 2482 which could push for a correction to test the 2450 support…
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XAUUSD looks to regain momentum The precious metal market holds firm as weak employment data pushes the odds of the Fed cutting rates in their September meeting. Traders continue to watch for further clues from Jerome Powell's…
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