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Gold stays steady above $5,000 despite mixed signals and a weaker dollar
Gold prices struggle amidst strong central bank demand and anticipated Fed rate cuts, while easing geopolitical tensions and a positive risk sentiment weigh down its appeal. Key economic data this week is critical. – vtmarketsmy.com
Written on February 9, 2026 at 2:09 pm
Categories: Live Updates
Analysts from Societe Generale discuss Tether’s impact on gold, surpassing ETFs and central banks.
Tether’s significant gold purchases are reshaping the market, challenging traditional dynamics and influencing prices. With 125 tonnes under management, it’s driving volatility and altering resistance levels as a major new buyer. – vtmarketsmy.com
Written on February 9, 2026 at 1:09 pm
Categories: Live Updates
Singapore’s foreign reserves rose to 417 billion in January, compared to 409.3 billion previously.
Singapore’s foreign reserves surged to $417 billion, while gold remains strong at over $5,000. The weak US Dollar influences currency movements, presenting trading opportunities in euros and yen. – vtmarketsmy.com
Written on February 9, 2026 at 1:09 pm
Categories: Live Updates
USD/CHF dips below 0.7750 as traders expect steady rates, currently around 0.7730
The US labor market stabilizes with a job gain of 70,000 and steady unemployment. Expect interest rates to hold, but the USD may rise against the weakened Swiss Franc. – vtmarketsmy.com
Written on February 9, 2026 at 1:09 pm
Categories: Live Updates
Yen strengthens after Takaichi’s electoral win, causing GBP/JPY to drop to around 212.60
The GBP/JPY has dropped due to Japan’s political stability bolstering the Yen, despite ongoing fiscal challenges. UK inflation keeps the Pound attractive, creating a favorable trading environment for derivatives. – vtmarketsmy.com
Written on February 9, 2026 at 1:08 pm
Categories: Live Updates
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