News
Platinum surges to record high: Elliott Wave signals ongoing support
1+ week, 5+ day ago (351+ words) Platinum (PL) broke to new all-time highs late last year, signaling the potential start of a secular bullish market in the years ahead. In this article, we examine the long-term outlook for the metal and its evolving Elliott Wave structure....
Platinum futures surge toward $2,325 - Can bulls clear the first hurdle?
2+ week, 5+ day ago (308+ words) Let's unpack what the chart is telling us. Today's move is encouraging. Whether it's the beginning of a genuine recovery or simply an overextended bounce testing resistance, the $2,325/oz level will provide the answer traders need. A seasoned financial expert…...
Gold surges to fresh record highs near $5,600 on rising geopolitical tensions
1+ mon, 2+ week ago (553+ words) Gold (XAU/USD) adds another leg to its relentless rally on Thursday, building on the previous day's solid gains of 3.87% as increased volatility and ongoing safe-haven demand continue to drive strong inflows into Bullion. At the time of writing, XAU…...
Gold surges to fresh record high above $5,200
1+ mon, 2+ week ago (321+ words) Gold price (XAU/USD) rises to near a fresh record high around $5,220 during the Asian trading hours on Wednesday. The precious metal extends its upside amid a weaker US Dollar (USD), ongoing geopolitical tensions and economic uncertainty. Traders brace for…...
Gold rises above $4,750 amid US-Europe tensions
1+ mon, 3+ week ago (417+ words) Gold price ( XAU/USD) climbs to near $4,775 during the early Asian trading hours on Wednesday. The precious metal extends the rally and is poised for another record high amid a time of political and economic uncertainty. The speech by US…...
Platinum rises but remains below December record – Commerzbank
2+ mon, 3+ day ago (365+ words) Platinum prices surged alongside Gold and Silver, narrowing its undervaluation relative to Gold, with the Gold/Platinum ratio now just under 2, a level last seen in June 2023, Commerzbank's commodity analyst Carsten Fritsch notes. "The price of Platinum also rose sharply…...
Gold extends upside to near $4,500 on Venezuela turmoil
2+ mon, 1+ week ago (498+ words) Gold price (XAU/USD) climbs to near $4,500 during the early Asian trading hours on Wednesday. The precious metal rises by more than 1% in the day as geopolitical tensions and expectations of US rate cuts keep demand for gold high. The…...
Gold rises to near $4,450 amid Venezuela turmoil
2+ mon, 1+ week ago (333+ words) Gold price (XAU/USD) rises to around $4,440 during the early Asian session on Tuesday. The precious metal extends its rally and hits a one-week high amid safe-haven demand, as the Venezuela crisis injects geopolitical uncertainty. Traders will closely monitor the…...
FX Today: Gold surges past $4,400 as Venezuela crisis shakes financial markets
2+ mon, 1+ week ago (679+ words) The US Dollar Index (DXY) is trading near the 98.30 price region, with market participants closely watching the impact of US intervention in Venezuela on Oil prices to assess potential broader financial-market implications and spillovers into the foreign exchange market. The…...
Gold jumps above $4,350 on US-Venezuela tensions
2+ mon, 1+ week ago (434+ words) Gold jumps above $4,350 on US-Venezuela tensions'FXStreet Gold price rises to near $4,370 in Monday's early Asian session.Geopolitical tensions and Fed rate cut bets boost the Gold price.The US ISM Manufacturing PMI report is due later on Monday, ahead of…...