Logo-color Logo-white

Gold’s price soared to a new record high on Monday, stabilising around 2344.00 USD per troy ounce. A confluence of factors is currently bolstering the precious metal’s value. Geopolitical tensions in the Middle East are a significant driver, positioning gold as a preferred “safe-haven” investment. Additionally, central banks worldwide are increasing their gold reserves, while […]

The post Gold Hits New Record High Amid Favourable Factors appeared first on Action Forex.

previous

Will German Industry Continue to Look Weak

next

US CPI Data Unlikely to Ease Sticky Inflation Worries, But Will Markets Care?

Read More

03/07/2024

Crypto Stays Under Pressure

Market picture The pressure on the crypto has been more sustained than on the stocks. Over the past 24 hours, the total crypto cap has fallen by 2.6%, with most of the downward momentum starting in the US session. The stock market, on the other hand, was supported by Powell’s comments and closed at all-time […]
18/09/2024

US 100 Index in Anticipation Mode Ahead of Fed

US 100 index trades sideways ahead of the Fed meeting It battles with the July 11, 2024 descending trendline Momentum indicators are tentatively bullish The US 100 cash index is moving sideways today, continuing its low volatility sessions, as market participants are staying on the sidelines ahead of the crucial Fed meeting. The first Fed […]
06/08/2024

Bitcoin’s Bear Rally?

Market picture The cryptocurrency market has survived the peak of fear, finding the strength to consolidate during European trading and begin a recovery during active hours in the Americas. As a result, the crypto market capitalisation is up 11.3% in 24 hours to $1.98 trillion. That’s still -17% in seven days. Bitcoin was trading at […]