TAG: arslanmetals
Gold, Silver, Copper Daily Forecast: XAU Hits $2,257; More Buying Ahead?
Market OverviewGold prices reached a new peak, with spot gold hitting $2,257 per ounce, despite the stronger dollar and U.S. manufacturing data indicating economic robustness. This growth dampened immediate rate cut expectations, elevating Treasury yields...
6 months ago
Gold (XAU) Daily Forecast: Hits $2,354 Peak; Is More Buying on the Horizon?
Market OverviewThe Gold price surged, reaching a new peak at $2,354, despite easing Middle East tensions and Fed rate cut speculations. The leap was spurred by reports of increased Gold purchases by global central banks, with the People’s Bank of China no...
6 months ago
Silver (XAG) Daily Forecast: Bullish Run to $28.09, More Upside Ahead?
Market OverviewSilver (XAG/USD) prices have surged to approximately $28.09, despite a strengthening US dollar. This bullish trend is fueled by multiple factors including the US Federal Reserve’s potential interest rate cuts, geopolitical tensions in the M...
6 months ago
Silver (XAG) Daily Forecast: Poised for Gain Amid Fed Cuts, $29 Target in View
Market OverviewSilver prices have extended their winning streak and remained well bid around just above $28 level. However, the surge in silver prices can be attributed to a combination of factors, including speculation surrounding US Federal Reserve poli...
6 months ago
Gold (XAU) Daily Forecast: Eyes on $2,385 Amid CPI, Fed Minutes Watch
Market OverviewIn the latest trading session, Gold (XAU/USD) steadied around $2,345, barely moving from its peak just shy of $2,350 amidst fluctuating economic signals and global tensions. This movement represents a modest increase of 0.26%, indicating tr...
6 months ago
Gold (XAU) Daily Forecast: Market Awaits US CPI; Target $2400?
Market OverviewGold prices saw a slight bounce off above $2,344 support area, closing of candles over this has pushed price to $2,355. The U.S. economic calendar highlighted a decline in the NFIB Small Business Optimism Index to 88.5, indicating a cautiou...
6 months ago
Silver (XAG) Daily Forecast: Bullish Run Continues, US CPI Data in Focus
Market OverviewSilver surged to $28.29 level, a near three-year peak, with its price piercing crucial resistance points and aiming for the highs of May 2021. This ascent was fueled by a weakened US Dollar and declining US Treasury yields, amidst speculati...
6 months ago
Gold (XAU) Daily Forecast: Market Eyes PPI Data; XAU to Target $2365 Today?
Market OverviewThe Gold (XAU/USD) price witnessed a slight recovery to $2,340 on Thursday, making up for some of the losses incurred after a recent U.S. Consumer Price Index (CPI) report showed inflation remaining persistently high.Despite this, the U.S....
6 months ago
Silver (XAG) Daily Forecast: XAG/USD Eyes $29 Amid Fed’s Interest Rate Outlook
Market OverviewSilver’s price has seen a slight decline, positioned at around $27.90, retreating from a three-year high of $28.53. This pullback is influenced by the market’s reassessment of the Federal Reserve’s interest rate trajectory, particularly aft...
6 months ago
Gold (XAU) Daily Forecast: Hits $2,400 Amid Middle East Tensions
Market OverviewThe price of Gold (XAU/USD) approached the $2,400 threshold, hitting a new all-time high in the European trading session on Friday. This surge is largely driven by ongoing geopolitical uncertainties in the Middle East, which enhance the met...
6 months ago
Silver (XAG) Daily Forecast: Jumps to $28.99 on U.S. PPI Slowdown; Buy Now?
Market OverviewSilver shows a robust increase, with the metal trading at $28.99, marking a 1.23% rise as a softer U.S. Producer Price Index (PPI) suggested a slowdown in factory inflation. That was contrasting sharply with the previous day’s higher-than-e...
6 months ago
Gold (XAU) Daily Forecast: Prices Surge as Iran-Israel Tensions Intensify; Time to Buy
Market OverviewGold prices advanced in Monday’s Asian trading session amid increased safe-haven demand following Iran’s recent attack on Israel. The market’s focus remains on Israel’s potential response to Iran’s actions, which Tehran stated concluded its...
6 months ago
Silver (XAG) Daily Forecast: Hits $28.48; Safe-Haven Demand Surges
Market OverviewDuring the Asian session, Silver (XAG/USD) experienced a notable increase of more than 2%, to trade at $28.48. This upsurge was driven by a combination of factors including safe-haven demand amidst rising geopolitical tensions, anticipation...
6 months ago
Gold (XAU) Daily Forecast: XAU/USD Hitting $2,385; More Upside Ahead?
Market OverviewGold prices are treading near their record peak, marked at $2,400 last week, as escalating tensions in the Middle East and strong U.S. economic data influence market dynamics. With the ongoing geopolitical conflicts, notably between Iran an...
6 months ago