Logo-color Logo-white

Since ancient times, gold has remained a crucial element of global economies. Its unique properties have made it not only valuable as jewellery but also a reliable means of preserving wealth. Today, this metal constitutes a significant part of both investor portfolios and central bank reserves. This review analyses the dynamics and reasons for changes […]

The post Gold as an Investment: Detailed Analysis and Price Forecasts for 2025-2050 appeared first on Action Forex.

previous

June Inflation Report and BOS Survey Set the Stage for BoC’s Next Rate Cut

next

GBPUSD Wave Analysis

Read More

07/06/2024

USDCHF Posts More Than 2-month Low

USDCHF finds strong obstacle at 200-day SMA MACD endorses negative momentum; RSI near oversold region USDCHF plunged to a new more than two-month low of 0.8879 today but has found support at the 200-day simple moving average (SMA) in the 0.8895 area.   The pair is currently in a bearish retracement with the 20- and the 50-day SMAs […]
16/01/2024

Canada: Little Progress on Inflation in December

As expected, headline CPI inflation moved in the wrong direction in December, rising three ticks to 3.4% year-on-year (y/y). Energy prices, and more specifically gasoline prices, were a key culprit boosting headline CPI higher. Gasoline prices fell on a monthly basis, but are now 1.4% higher  than a year ago, a big swing from being […]
25/01/2024

EUR/USD Outlook: Rises to One-Week Gigh on Renewed Risk Appetite

Fresh bulls emerged after top of rising daily cloud and 200DMA (1.0851/43) contained dips for the fourth consecutive day, leaving a higher base at this zone and generating an initial signal that pullback from 1.1139 (Dec 28 peak) has bottomed. Renewed strength requires sustained break above 1.0943 pivot (20DMA/Fibo 38.2% of 1.1139/1.0821) to sideline downside […]