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Gold cleared the $5,000 barrier in a single move on Monday, as widely anticipated following weekend developments. It then surprised traders by extending the rally to $5,100 within just a few hours of early trading. The metal opened with…
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In one of my daily briefings earlier this week, I was asked whether gold is likely to reach $5,000. My response was that this could happen as early as today (Friday) or sometime next week. Given the persistently supportive conditions, it…
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The AUDUSD rally extended into a fourth consecutive day, climbing from the broader support zone around 0.6665 and reaching its highest level since late September 2024 on Thursday at 0.6811. The Australian dollar gained momentum as the…
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Gold reached a new record high of $4,888 on Wednesday, drawing even closer to the psychologically important $5,000 level, which appears increasingly likely to be challenged soon if current market conditions persist. The yellow metal’s…
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Fresh flows into safe-haven assets followed President Trump’s latest signals about additional tariffs on several EU countries, weakening market sentiment and adding pressure on the US dollar. The dollar index opened roughly 40 points…
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Gold opened with a strong upside gap and posted a fresh record high at $4690 on Monday, after President Trump unsettled markets over the weekend by threatening additional tariffs on several EU countries. European leaders began preparing…
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Gold edged lower on Thursday after posting a series of marginally higher highs over the past three days ($4,630/$4,634/$4,643). Calmer rhetoric from President Trump regarding the Iran crisis and his conflict with Fed Chair Powell eased…
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Silver extended its upward trend on Tuesday, hitting a new all-time high of $89.10 after gaining nearly $6 for the day, despite warnings from overbought daily technical indicators. The metal continues to benefit from rising safe-haven…
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WTI crude extended its strong rally into a fourth consecutive day, driven by rising tensions in Iran and fears of potential supply disruptions. Adding to market uncertainty, President Trump recently threatened to impose a 25% tariff on any…
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The Euro traded cautiously on Tuesday following Monday’s bounce, which temporarily eased pressure on larger bearish positions from the 1.1808 peak. Daily candlestick patterns offered mixed signals, with a bullish engulfing offset by strong…
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