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Gold Price Tumbles Below $1,970 as Greenback Gains Ground

The gold price tumbled in the short term as the US dollar appreciated. It has dropped as low as $1,965 and found strong demand.

United kingdomMaster in business administrationAustralian employment changeUnemployment rateHome salesPhilly fed manufacturing indexUnited kingdom retail salesPublic sector net borrowingCore retail salesPrice technical analysisBusiness administrationMarket analystView all post by olimpiu tuns

EUR/USD Price Breaks Below 1 0900 After Dismal PMIs

The EUR/USD price is trading in the red, below 1.0900 at the time of writing. The downside pressure is high with more decline.

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GBP/USD Price Overbought on Hotter than Expected Inflation

The GBP/USD price rebounded in the short term after reaching yesterday’s low of 1.2713. It has climbed as high as 1.2802 today.

United kingdomMaster in business administrationBank rateChair powell testifiesHousing startsConsumer price indexPublic sector net borrowingFed chair powell testifiesOfficial bank rateBusiness administrationMarket analystView all post by olimpiu tuns

Gold Price Recovers Amid Weaker Greenback, Eying UK CPI

The gold price is trading in the green at $1,956 at the time of writing. After its downside correction, a bullish breakout was inevitable.

United kingdomNew zealandMaster in business administrationMarket indexAustralian monetary policy meeting minutesSwitzerland trade balanceJapanese revised industrial productionEurozone current accountHousing startsUnited kingdom consumer price indexFed chair powell testifiesBusiness administrationMarket analystView all post by olimpiu tuns

Gold Price Under Massive Selling Pressure After BoC Hike

The gold price dropped in the last trading session, reaching as low as $1,939. The metal has rebounded a little and is trading at $1,945.

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