Gold Marches to Consecutive All-Time Highs

Gold prices, reaching the highest since May 5, are consolidating as traders await the US PCE Price Index, a key inflation indicator. The upcoming data could impact the Fed’s policy, influencing the demand for the US Dollar and providing direction for gold. The Greenback sees some repositioning, recovering modestly ahead of the data risk. A […]

Bitcoin edged lower on Monday but remains within the longer range which extends into seventh consecutive day. Near-term action remains sideways and looking for stronger direction signals, as daily studies are mixed (fading positive momentum / MA’s in bullish setup), with bullish but overbought weekly studies, adding to unclear near-term picture. Last week’s monthly close […]

He said it. Federal Reserve (Fed) President Jerome Powell said that the Fed may delay its first rate cut due to the lack of progress in cooling inflation following a rapid decline observed by the end of last year. The three straight month of rising inflation in the US convinced the Fed Chair – as […]