gold

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Pressure is Lifting in Global Markets

18 Aug 2024 7 minute read 2 comments Perfectionist25

Global stocks had their best week since November. As recession concerns fade, we see volatility easing. The S&P 500 index ended the week up 3.9%, breaking a four-week losing streak, and rose 0.2% on Friday, its strongest performance since November. J...

Gold hits new ATH, why not bitcoin?

18 Aug 2024 3 minute read 1 comment Talha.Khalid

The price of an ounce of gold hit $2,508, marking a new all-time high (ATH), while bitcoin (BTC), which some call “digital gold,” has failed to keep up and is struggling to stay close to $60,000.  There are several reasons behind the rise in gold pri...

My Thoughts on Current Markets-172

18 Aug 2024 2 minute read 0 comments Perfectionist25

Despite the attempts, gold closed above the level we determined as 2470 for the first time after a long time. This level is important, if the persistence above 2470 increases, we can think and say that the movement towards 2530, which is the peak of...

My Thoughts on Current Markets-171

16 Aug 2024 5 minute read 0 comments Perfectionist25

The New York Stock Exchange closed higher after retail sales in the US exceeded expectations. After inflation data released this week in the US indicated that price pressures were easing, today's retail sales data revealed that consumer spending rema...

My Thoughts on Current Markets-170

14 Aug 2024 5 minute read 0 comments Perfectionist25

On the ounce gold front, there was an ounce gold price that even tested above 2470 dollars. In the last situation, there is a very slight relaxation movement. The daily chart of the ounce gold continues its channel movement by fluctuating between 249...

My Thoughts on Current Markets-169

13 Aug 2024 6 minute read 0 comments Perfectionist25

The New York Stock Exchange completed the first trading day of the week, in which the intensive data agenda, especially inflation, will be followed, with a mixed course. While the macroeconomic data to be announced this week became the focus of inves...

My Thoughts on Current Markets-168

12 Aug 2024 8 minute read 2 comments Perfectionist25

Most of last week was extremely volatile. On the first day of last week, the Japanese Central Bank suddenly made statements about reducing bond purchases. The market perceived this quite hawkishly and when the Japanese Stock Exchange suddenly sold by...

My Thoughts on Current Markets-167

11 Aug 2024 3 minute read 1 comment Perfectionist25

In recent days, especially the US employment data coming in below expectations, the interest rate hike in Japan before that, the concern that the FED was late in reducing interest rates along with the employment data coming in below expectations, and...

My Thoughts on Current Markets-165

8 Aug 2024 5 minute read 0 comments Perfectionist25

The New York Stock Exchange ended the day down after the short-lived recovery trend in the markets following the selling pressure experienced at the beginning of the week due to the strengthening of recession concerns in the US. The indexes, which ha...

My Thoughts on Current Markets-164

7 Aug 2024 4 minute read 0 comments Perfectionist25

When looking at the daily gold ounce chart, it continues its horizontal trend within the 55 to 89-day moving average, within a channel structure. Now, this place has been suppressing itself for a while in a horizontal trend or oscillating between the...