Asian demand growth, UAE surpasses London to become the world's second largest gold center
Asian demand has changed the gold market this year, driving gold prices to historic highs. The latest report from Dubai Multi Commodity Centre (DMCC) shows that although the market has recently fallen from its peak, Asia's influence in the market is expected to grow.…
- 2024-11-19
Short term trading guide for major currencies on November 19th
Technically speaking, the US dollar index encountered resistance on Monday when it rose below 106.85, and was supported when it fell above 106.10, indicating that the US dollar may maintain its downward trend after a short-term rise. …
- 2024-11-19
Boosted by risk aversion, gold prices return above 2610, Norwegian oil fields halt, boosting oil prices to climb by over 3%
On Tuesday (November 19, Beijing time), spot gold trading was near 2611.29. Benefiting from the increased geopolitical tensions caused by the conflict between Russia-Ukraine conflict, risk aversion recovered, and the large rise of the US dollar stalled. …
- 2024-11-19
The "Trump deal" has cooled down+the fear of the Russia-Ukraine conflict has risen, and the gold price has soared about $50, focusing on the 55 day moving average
On Tuesday morning (November 19th) in the Asian market, spot gold held its overnight gains and is currently trading around $2612.01 per ounce. After falling for six consecutive days, the gold price surged about $50 on Monday, regaining the 2600 mark and closing at $2611.57 per ounce.…
- 2024-11-19
