On Thursday, spot gold fell below the $2010 mark during the day and once to $2000, but eventually recovered some of the lost ground, closing down 0.63% at $2008.10 per ounce. Spot silver repeatedly up to $25, the U.S. session even surprised the V trend, and ultimately still failed to break the $25 barrier, closing up 0.12% at $24.97 per ounce. It is worth noting that gold is up more than 2% so far this week, and silver is expected to close higher for the fourth consecutive week.
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As we enter the first month of the second quarter of the year, these are the GEM numbers of the month of March:
Spot gold weakened slightly during the Asian session on Thursday (April 6), hitting a two-day low of $2007.89 per ounce and now trading near $2014.15. A series of weak economic data has fueled fears of an impending recession in the US, giving safe-haven support to the dollar. And some dollar shorts took profits, and gold bulls also took profits ahead of Good Friday and the non-farm payrolls data, putting pressure on gold prices.
On Wednesday, as the less-than-expected March "ADP" data and non-manufacturing PMI data fueled market concerns about an economic slowdown and spurred bets that the Federal Reserve could slow interest rate hikes. Spot gold continued to brush a new high since March last year, which was the highest intraday to $2032.13 per ounce, and then retracted most of the day's gains, finally closing up 0.01% at $2020.82 per ounce; spot silver hovered around $25 during the day, finally closing down 0.21% at $2
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WCG Markets:2023-04-06
Energy shares led the way Monday as Wall Street began the week on a green note, and many overseas markets followed suit earlier Tuesday. Focus today is likely to be on the Job Openings and Labor Turnover Survey (JOLTS) data as US equities snapped a 4-day winning streak as the “bad news is good news” narrative for equities faltered in Tuesdays session.
Investors now await a series of US economic releases this week, including Tuesday's jobs opening data, Wednesday's ADP private payrolls report and Friday's monthly jobs report.
Asia markets mixed, New Zealand raised interest rates by 50 basis points.
A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.”
Forex trading is one of the most popular forms of investment in the world, especially amongst young people. It is relatively low-cost, available 24 hours a day, and can be accessed from both mobile devices and computers. Anyone with a mobile phone and 10 dollars to spare can get involved.
In a speech on Saturday, ECB vice-president Luis de Guindos stated that the ECB is monitoring risks across the financial sector in order to maintain stability in the euro area.
Next has warned full price sales will fall around 1.5% this year and profits are set to drop 7.6% to £795 million.
A stock market index shows how investors feel an economy is faring. An index collects data from a variety of companies across industries.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
As several nations focus on enhancing their currencies, the dominance of the US dollar in the global monetary system is declining. Nouriel Roubini, also known as “Doctor Doom” for accurately forecasting the 2008 global financial crisis, recently warned that the dollar’s position as the primary reserve currency in the world is at risk. This warning is proving accurate, as the world's major emerging economies have agreed to ditch US dollar for trade!
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
The week ahead: 5 things to watch
Discover the differences between scalping and day trading in this informative blog post. Learn about their unique strategies, risks, and benefits to help you decide which trading style is best for you.