Browsing: Market Updates

Gold prices continue their upward momentum, attracting active traders looking for short-term opportunities in Comes gold futures. With the 5-minute chart highlighting crucial support and resistance levels, traders can use this technical analysis to refine their intraday strategies.

The GBP/USD pair ends its five-day winning streak, retreating towards the 1.2600 level early Tuesday. A broad-based US Dollar (USD) recovery and a cautious risk sentiment are pressuring the British Pound (GBP) ahead of the release of UK labor market data.

Asian stock markets traded in a mixed-to-lower range on Monday as U.S. trade tariffs and high interest rates continued to weigh on investor sentiment. While Japan’s GDP data came in stronger than expected, it failed to significantly boost equities. Meanwhile, China’s AI-driven tech rally took a breather after weeks of strong gains, adding to regional uncertainty.

Gold prices have been on a record-breaking rally, surging towards the $3,000 per ounce mark. This historic uptrend is driven by inflation fears, trade tensions, and increasing demand for safe-haven assets. With the Federal Reserve’s policies and global economic instability fueling market volatility, traders and investors are closely watching gold’s next move.