Commodity Special Reports

Trend Deciding Levels for Nov 2024 (Commodities & Currencies)

Bullion surged by more than 5 percent in the month of Sep’24. Traders embraced the momentum generated by the U.S. Federal Reserve’s bold interest rate cut and signs that further reductions were on the horizon.

Gold continued its strong performance in August, rising 2.4% for the month, driven by robust safe-haven demand amid geopolitical tensions and economic uncertainties. The metal reached an all-time high of $2,531.60, supported by expectations of a Federal Reserve rate cut in September.

Gold prices posted a strong performance in July, gaining 5% after a volatile few months and a 1% decline in the previous month. The month saw gold reaching new highs, peaking at $2,483.60, fueled by optimism around a potential September rate cut by the U.S. Federal Reserve. This anticipation was bolstered by softening U.S. labor …

In the recently concluded month, gold experienced a one percent decline, erasing the gains from the previous month. This drop was precipitated by a stronger-than-expected U.S. jobs report, which diminished expectations for interest rate cuts this year. Additionally, China, the top consumer, paused its bullion purchases in May, contributing to the bearish trend.

Trend Deciding Levels for Aug 2024 (Commodities & Currencies)

Trend Deciding Levels for Jul 2023 (Commodities & Currencies)