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Gold climbed to new all-time high on Friday and cracked psychological barrier at $2400, remaining at a high speed and again taking just few days for a trip from one to another round-figure barrier. Growing geopolitical tensions continue to fuel safe haven demand, particularly purchases by the central banks and lift metal’s price, offsetting negative […]

The post XAU/USD: Gold Hits New Record High appeared first on Action Forex.

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26/04/2024

US Economy: Slower Growth With Stronger Inflation

The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast. Disappointment increased given that exceeding forecasts has become the norm. GDP growth for the […]
06/09/2024

Week Ahead – ECB Poised to Cut Again, US CPI to Get Final Say on Size of Fed Cut

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