On Monday September 5, Spot gold remained range-bound in Asian trading, and is currently trading around 1711.93. The market may then face a choice of direction, the upside focus on resistance 1712.69. Spot silver stabilized above the 18 mark, the primary upside target to 18.17. WTI crude oil intra-day gains expanded to 2%, the first resistance focus on 89.47.
Interactive Brokers (Nasdaq: IBKR), a well-known American electronic trading platform with a worldwide reach, has released its August performance data. The Daily Average Revenue Trades (DARTs) totaled 1.968 million, up 8% from the previous month but down 9% from the previous year.
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On Friday, September 2, spot gold recovered the $ 1710 mark, once upward approaching the $ 1720 mark, which finally closed up 0.91% at $ 1712.84 per ounce; spot silver rallied back to the highs, late testing the $ 18 mark, which finally closed up 1.23% at $ 18.06 per ounce. The U.S.
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On Friday September 2, spot gold in the Asian session broke through the pivot point of 1697.55, and is currently approaching the first upward target to focus on 1705.86. Spot silver extended intraday gains, keeping an eye on resistance at 18.17. WTI crude oil continued the rebound trend, and the main resistance is 90.07. The US dollar index fell below the pivot point of 109.50, and the first support below is 109.18.
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On Thursday September 1, spot gold fell below the $1,690 mark in intraday trading, and rose slightly below the $1,700 mark in late trading, and finally closed down -0.74% at $1,698.1 per ounce; Spot silver fell 2% during the session, then narrowed the decline, and finally closed down 1% at $17.79 per ounce.
Prices usually move up and down around the average level.
On Thursday September 1, spot gold remained in a narrow range before the European market, and is still under pressure below the pivot point. 1704.44 is the primary support, and the rebound should pay attention to the resistance at 1710.43.
On Wednesday August 31, spot gold fluctuated downward, falling below the $1,710 mark twice, and finally closed down 0.72% at $1,711.12 per ounce.Spot silver failed to recover the $18 mark, and finally closed down 2.69% at $17.99 an ounce.
With critical news coming from the U.S job market on Friday, volatility is ticking up as traders prepare for a hard landing. Natural Gas and U.S Dollar prices remain the bull story of the year, just how far can this go?
On Wednesday (August 31), spot gold in the Asian session continued to be under pressure below the pivot point of 1729.79, and is currently testing the first support at 1720.65. If it falls below, it will look at 1704.44. Spot silver also tested the main support down.WTI crude oil fell to 1% on the day, with support at 90.81. The dollar index rose back above the pivot point, with the first upside target focused on 108.94.
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Pello Capital, the intelligent and transparent investment company, has announced the launch of the Pello Talent, a community of high-profile individuals who will help to educate and make investment accessible to millions.
Prestigious finance magazine and awarding body, International Investor Magazine recently announced its winner list, revealing that BDSwiss is being recognized globally by winning the award of the “Best Spreads and Trading Conditions” provider.
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