World demand for gold decreased by 6% In the second quarter of 2024, global demand for gold (excluding OTC transactions) decreased by 6% compared to the same period last year, reaching 929 tons, according to the World Gold Council (WGC). The drop in...
The GBP/USD price has managed to achieve our expected target at $1.2780, and it shows additional negative trades to attack this level and confirm the continued dominance of the downtrend in the coming sessions, recalling that our next target is at...
The price of gold has fluctuated around the level of $ 2435.00 since the morning, and needs to consolidate above $ 2428.00 to ensure the continuation of the bullish trend for today, waiting for a positive incentive that pushes the price to continue...
The euro hovered around $1.082, remaining below a four-month high of $1.094 touched on July 17, as traders digested key economic data and assessed the European Central Bank’s next move. Eurozone annual inflation unexpectedly accelerated to 2.6% in...
Technical Analysis of Foreign Exchange Gold At the beginning of trading on Thursday, the price of gold jumped towards the resistance level of $ 2,458 per ounce, to remain relatively close to the record high of $ 2,470 on July 16, supported by...