Currently, the dollar peso starts flat and is trading at 870, trying to break the hard resistance to continue its upward trend in search of 880.
In the ever-evolving landscape of global currencies, the AUD/USD pair has been making notable moves, maintaining its upward trajectory for the fourth consecutive day. The pair's gains, which have reached 0.30% during the European morning hours on Wednesday, have been supported by a weakened US Dollar and a sense of cautious optimism in the market.
WCG Markets:2023-08-24
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
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Spot gold rose slightly in Asia on Wednesday (August 23), trading near $1,902.74 / oz ahead of the Jackson Hole annual meeting. The market is in a more bearish mood, with the dollar index and Treasury yields falling, with the dollar index moving away from a near 2-1/2-month high and the 10-year Treasury yield moving away from a near 16-year high hit on Tuesday, providing support for gold. Gold was also supported by some bargain hunting after it stabilized below 1,890.
Spot gold remained near a five-month low on Tuesday, briefly breaking through the 1,900 mark in Europe before giving up nearly all of its gains and recovering slightly in late trade to end up 0.18% at $1,897.41 a Troy ounce. Spot silver traded in a narrow range above the 23 mark before settling down 0.31 percent at $23.28 per ounce.
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The US dollar rose on Tuesday, approaching the two month high position that hit last week Gold prices hovered around a five month low as the strengthening US dollar and rising bond yields weakened its attractiveness
WCG Markets:2023-08-23
Spot gold traded in a narrow range around $1,895.18 an ounce on Tuesday in Asia, with bargain hunting supporting prices but growing views that the Federal Reserve will keep interest rates high for longer as the US economy remains resilient. The 10-year yield has hit its highest level since the financial crisis in 2007, giving bulls pause.
Spot gold remained choppier on Monday, hitting as high as 1,898.83 before settling up 0.25% at $1,894.76 an ounce as investors awaited Powell's speech at the Jackson Hole annual conference on Friday. Spot silver came out of the independent market, standing above the 23 mark, and finally closed up 2.28 percent at $23.32 an ounce.
The US dollar fell on Monday, ending the previous five weeks of continuous gains Gold prices hover around a five month low, the US Treasury yields rising put pressure on gold
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Index / Stocks / Crypto / Metals / Commodity & Futures / Forex
Spot gold bottomed out in Asia on Monday (August 21) after earlier hitting a fresh more than five-month low of $1,884.70 per ounce, pressured by concerns that the Federal Reserve will keep interest rates at higher levels for longer, with the dollar index holding near a more than two-month high and US Treasury yields recouped most of Friday's losses.