Tag Archives: Gold

On Monday, gold prices slipped by 0.16%, closing at $2,499 per ounce. This followed a 0.7% decline last Friday after U.S. inflation data indicated that the Federal Reserve might opt for a smaller-than-expected interest rate cut this month.  (Gold Daily Price Chart, Source: Trading View)  Friday’s data revealed that U.S. consumer spending saw a solid […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for Aug 28, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (XAUUSD Daily Price Chart, Sources from Ultima Markets MT4)  1-hour Chart Analysis  (XAUUSD H1 Price Chart, Sources from Ultima Markets MT4)  Pivot Indicator  (XAUUSD 30 Minutes Price chart, Sources from […]

Today, Ultima Markets brings you an in-depth analysis of gold as of August 20, 2024.  Fundamental Analysis Central Banks Support Gold Prices: In the first half of this year, central banks’ net gold purchases reached 483.3 tons, equivalent to nearly 40,000 gold bars. This is one of the factors supporting the strong rise in gold […]

The price of gold surged 1.69% on Monday, closing at $2471.93 per ounce. This was mainly driven by safe-haven inflows as traders anticipated U.S. inflation data this week, which could provide further insight into the Federal Reserve’s trajectory for interest rate cuts.  “Should the incoming data continue to show that inflation is moving sustainably toward […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 6 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the XAUUSD for AUG 1 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  H1 Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

Gold prices continued their downward trend on Thursday, trading at $2,370 per ounce and marking a two-week low. The decline came in response to economic data released by the Bureau of Economic Analysis (BEA), indicating the U.S. economy’s resilience despite the current restrictive monetary policy.  U.S. Gross Domestic Product (GDP) showed impressive growth, expanding at […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for July 18, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GOLD for July 11 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-Hour Chart Insights  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

Platinum prices retreated towards $1,000 per troy ounce after hitting a one-month peak of $1,030 on July 5th. The decline aligns with a broader pullback in precious metals markets, as investors weigh industrial demand against potential Federal Reserve policy shifts.  Downward pressure on platinum prices stems from several factors. China, the world’s largest platinum consumer, […]