TAG: hp2
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, Silver, Platinum Forecasts – Gold Pulls Back After Testing New Highs
GoldGold 010424 Daily ChartGold pulled back from historic highs as U.S. dollar gained ground after the release of the better-than-expected ISM Manufacturing PMI report. It should be noted that demand for gold stays strong despite rising Treasury yields, w...
6 months ago
ISM Manufacturing PMI Climbs Above 50, Beating Analyst Expectations
On April 1, 2024, the Institute for Supply Management released ISM Manufacturing PMI report for March. The report indicated that ISM Manufacturing PMI increased from 47.8 in February to 50.3 in March, compared to analyst consensus of 48.4. Numbers above 5...
6 months ago
Gold Prices Forecast: New Highs Despite Firm Yields, Stronger Dollar
Gold Market Surges Despite HeadwindsGold prices reached a new all-time high on Tuesday, marking a notable rally despite a strong U.S. dollar and anticipated longer-term U.S. rate hikes. This rise in gold prices, defying several traditional market barriers...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Rally Continues
GoldGold 020424 Daily ChartGold tested new highs despite rising Treasury yields. Demand for safe-haven assets increased as U.S. stock indices pulled back from recent highs.The bullish trend is strong. However, RSI remains in the overbought territory, so t...
6 months ago
XRP News Today: Ripple’s Legal Battle with SEC Sows Uncertainty in Market
The Tuesday OverviewOn Tuesday, XRP slid by 4.27%. Following a 2.86% loss on Monday, XRP ended the session at $0.5858.US Economic Indicators Impact BTC-spot ETF Flows and the Broader MarketThe BTC-spot ETF market reacted to better-than-expected US economi...
6 months ago
The Week Ahead: The US CPI Report and Fed Chatter in the Spotlight
The US DollarOn Monday, NY Fed 1-Year Consumer Inflation Expectation figures will kick-start the week for the US dollar. A pickup in consumer inflation expectations could lead to decreased consumer spending as individuals may adjust their expenditure plan...
6 months ago
Toncoin (TON) Price Rallies 380% leapfrogging Avalanche (AVAX) into Top 10 Status
Toncoin (TON) price grazed the $5.50 mark on April 5, bringing its total market capitalization above $18.9 billion. The move saw TON assert market dominance, by overtaking Avalanche (AVAX) to become the 10th largest cryptocurrency.With leveraged positions...
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
Gold Prices Forecast: Asian Central Bank Buying Fuels Record Surge
Gold Market OutlookGold prices reached new highs, marking a record seventh consecutive session of increase. This surge is primarily attributed to significant purchases by Asian central banks, despite a stronger U.S. dollar and high interest rates.At 10:35...
6 months ago
Why is Bitcoin Price Up today? This $2.1B Signal provides Insights
Bitcoin (BTC) price surged to a 20-day peak of $72,212 on April 8, sparking hopes of new all-time highs before the Halving date. On-chain data shows strategic bull traders mounting buy orders to front-run possible upside from Bitcoin ETFs activity in the...
6 months ago
Gold, Silver, Platinum Forecast – Gold Tested $2350 As Rally Continued
GoldGold 080424 Daily ChartGold pulled back from historic highs as investors took some profits off the table. However, the current trend stays strong, and demand for gold is rising.From the technical point of view, gold settled in a range between the supp...
6 months ago
Solana (SOL) Price Eyes $200 Rally as Open Interest surges by $150M
Insights:Solana (SOL) price peaked at $185 on April 8, rising 10% over the last 72-hours, as bullish tailwinds from the positive non-farm payrolls report last Friday, pushed the crypto sector and other risk assets into an upward trajectory.After double-di...
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