Latest financial and economic news and analysis
It's halftime in the precious metals bull market, with substantially higher prices expected into the early 2030s.
XAU/USD Price forecast: Gold keeps the range despite fresh optimism
Silver advances amid Hormuz reopening hopes
Gold price analysis shows the metal coiling in a seven-week range just above its yearly lows as momentum grinds to its weakest since late 2023. Michael Boutros, FOREX.com Senior Market Analyst, breaks down gold across the weekly, daily, and four-hour charts and the fundamentals that could drive its next directional move.
Euro: Consolidation below resistance against US Dollar – Scotiabank
How Elliott Wave mapped the CAD/JPY drop
EUR/USD: Expecting move lower
Gold recovers as Hormuz reopening hopes drag US Dollar, Oil prices lower
EURUSD remains constructive and holding above 1.1500 mark (round-figure / broken upper bull-channel boundary) for the fourth consecutive day, despite Monday's pullback from new highest since June 17 that warned of potential stall of the latest recovery rally from 1.1353 to 1.1559.
The gold market continues to be one that is noisy, as we are looking to see what happens next with inflation, and the Middle East – two things that are connected now. At this point, many are “stuck” here.
The silver market has been positive on Tuesday so far, as we are looking to test the crucial $60 level again. This area continues to be important at the moment.
Gold rises on lower oil and dollar weakness as traders eye the 50-day moving average, but elevated long yields cap the rally.
The US dollar continues to fight back against several currencies, as the latest PMI numbers were hotter than expected.
Silver shines near $60 as falling Oil supports precious metals
GBP/JPY Price Forecast: Bears test 200-day SMA after sharp selloff
