
Surging Asian Gold demand could signal a "structural wealth shift"
Surging Asian Gold demand could signal a "structural wealth shift"
En güncel finans ve ekonomi haberlerini, piyasa gelişmelerini, raporları ve analizleri PipVero’da takip edin.

Surging Asian Gold demand could signal a "structural wealth shift"

Large speculators just hit a 2-year bullish extreme in silver — And the commercials are shifting with them

It's rare that the Euro isn't the major driver of the Dollar basket, because after all, it is a whopping 57.6% component of DXY. But the reality is sentiment matters, as does positioning, and if we're seeing that massive carry trade in USD/JPY unwind with USD selling and JPY gaining, well even the larger major pair of EUR/USD can be impacted.

Gold has delivered its strongest weekly advance since January after breaking decisively above a multi-week consolidation pattern, marking the most significant technical development since the March decline began. The rally has already reclaimed a major resistance zone and shifted attention toward the broader yearly downtrend, but buyers still need confirmation that this week's breakout can develop into something more durable.

Silver closed 3.29% higher after weak payrolls cut September hike odds, driving short-covering and fresh buying above the 50-day MA.

USD/JPY heads into the week with yen shorts far less stretched than before the intervention episode of late July, reducing positioning risk. The key event this week is US inflation, which could materially shift expectations for Fed hikes over the next 12 months.

Dollar Index weakness, a gold breakout and copper's pullback put key support and resistance levels in focus ahead of the next major market move.

Gold extends its bullish reversal toward major resistance, with improving technical structure supporting higher targets while the $4,382-$4,392 zone becomes the next critical test.

United States CFTC Gold NC Net Positions: $197.6K vs $182.1K

GBP/JPY Price Forecast: Rebound holds above 200-day SMA

Gold in a world of AI-driven markets: Does human psychology still matter?

EUR/JPY recovers from session low but remains down on Friday

The naira shocked the forex market in 2023 when it massively weakened against the dollar, sending USD/NGN upwards by as much as 77% in just two months.

Silver Price Forecast: XAG/USD clears 50-day SMA, eyes $65

GBP/USD Price Forecast: Bulls need 1.3560 to unlock 1.3600