After yesterday’s sharp rally in alternative precious metals, with Copper, Platinum, and Silver all surging as Chinese inflation reached a 45-month high, the strong upward momentum has now eased. However, precious commodities traders were caught off guard by this morning’s higher-than-expected US inflation report. As the US Dollar surged in response to the hawkish CPI […]
The post Gold (XAU/USD) Rises Slow and Steady: In-Depth Technical Analysis appeared first on ActionForex.
New Zealand’s latest RBNZ Survey of Expectations showed a sharp rise in near-term inflation expectations, reinforcing concerns that price pressures may remain elevated even as growth slows. One-year-ahead CPI inflation expectations jumped from 2.59% to Read more…
Key Highlights WTI Crude Oil started a fresh increase above $98.00 and $100.00. It cleared a key bearish trend line with resistance at $99.20 on the 4-hour chart of XTI/USD. Gold is struggling to settle Read more…
The OECD projected on Wednesday that the Bank of Japan will continue steadily normalizing monetary policy, with the short-term policy rate expected to rise from the current 0.75% to 2% by the end of 2027. Read more…