Gold prices dip under $3,330 amid rising US Treasury yields and reduced safe-haven demand. Economic data suggests a resilient US economy, but geopolitical tensions may revive gold’s appeal as a safe-haven asset. – vtmarketsmy.com
Durable goods orders fell by 9.3%, signaling manufacturing sector weakness. The dollar strengthens while gold and Bitcoin prices drop, reflecting ongoing market volatility amid economic uncertainties. Traders should adapt strategies accordingly. – vtmarketsmy.com
Crude oil futures fell to $65.16, showing weak bearish momentum. Traders anticipate downturns below $63.61 while preparing for potential geopolitical shocks that could boost prices. A breakout is imminent. – vtmarketsmy.com
This week is pivotal for markets, featuring major tech earnings, key economic data, and the Federal Reserve’s meeting. Expect increased volatility and significant trading opportunities as traders respond to these events. – vtmarketsmy.com
U.S. durable goods orders rise, bolstering the dollar; gold declines amid strong yields. Bitcoin dips but shows signs of recovery. Caution advised in volatile cryptocurrency markets as rate cuts delay. – vtmarketsmy.com
US durable goods orders fell 9.4%, signaling economic slowdown. The EUR/USD holds steady, but GBP/USD dips. Gold declines amid dollar strength, while Bitcoin’s volatility raises concerns for traders. – vtmarketsmy.com
The US Dollar gains strength amid economic data and trade optimism but struggles at resistance levels. Traders may benefit from range-bound strategies as uncertainty looms ahead of Fed announcements. – vtmarketsmy.com
Investment in precious metals like silver and platinum shows promise due to rising demand and favorable market conditions. However, caution is advised due to inherent risks in market fluctuations. – vtmarketsmy.com
China’s gold demand fell 3.5% in early 2023, with jewellery declining sharply. However, rising demand for bars and coins signals a shift to investment, suggesting bullish trends and potential price increases ahead. – vtmarketsmy.com
Brazil’s inflation exceeded forecasts at 0.33%, influencing market dynamics. The dollar strengthens against the euro and pound, impacting gold and cryptocurrencies. Traders may explore options for volatility and carry trades. – vtmarketsmy.com
Insights 
VT 
