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Barclays (BCS.N) announced a total of £2.3 billion in capital allocation to shareholders.Barclays (BCS.N): Raised its 2026 group revenue target to approximately £31.5 billion. Remains committed and confident in achieving all financial and capital allocation targets for 2026 and 2028.Barclays (BCS.N): Second-quarter revenue of £8.34 billion, pre-tax profit of £3.25 billion, and earnings per share of £0.167.July 28 – According to Al Jazeera, the Iraqi Islamic Resistance Group denied launching drone attacks targeting oil facilities in Saudi Arabia, after Saudi Arabia accused an “Iranian-backed militia” of carrying out the attacks on Monday. In a statement, the group said, “This accusation only reinforces our belief that hostility towards Iraq and its people is inherent to the Saudi regime. These fabricated claims are nothing more than an attempt to find excuses for its inability to respond to attacks on the heart of its infrastructure in Yemen.” The group warned that any foolish actions by Saudi Arabia would be met with a severe response and called for the lifting of the “unjust blockade imposed on the Yemeni people.”On July 28th, Brendan Murphy, Head of North American Fixed Income at Insight Investment, stated in a report that investors might consider increasing their exposure to the front end of the US Treasury yield curve. Murphy explained that the asset management firm expects the Federal Reserve to maintain interest rates for an extended period, and the next eventual rate adjustment is likely to be a rate cut. He said, "Therefore, now may be a good time to consider fixed income allocations, including increasing exposure to the front end of the yield curve." However, the prolonged conflict in Iran will increase market uncertainty, and there is also the possibility of dissenting votes at Wednesdays Fed meeting. Murphy noted that the Fed has consistently maintained that "ignoring" the impact of energy price shocks is the best strategy, unless a "second-round effect" emerges and becomes deeply entrenched, or long-term inflation expectations become de-anchored.

Predictions for Gold Prices — Gold prices rose as the dollar weakened

Alina Haynes

May 24, 2022 09:43

Gold prices rise as the dollar weakens to start the week. The currency experienced negative pressure on reduced growth prospects and likely march toward recession. Benchmark rates climbed as shares surged today. Today, the yield on the ten-year Treasury note rose by 3 basis points.

 

On Monday, there was little going on in the world of business. Focus continues on Fed Chair Powell’s speech tomorrow and major economic statistics including PCI and first-quarter GDP published this week. Investors are anxious about impending recession and sluggish economic growth.

Analytical Methods

Gold prices came back from session highs but are still higher and possibly be headed to the 1860s. This week's economic statistics might point to a slowdown in economic growth, which would benefit gold.

 

To begin the week, gold prices held above the 200-day moving average of $1839. Support is indicated near the 200-day moving average near 1839. Resistance is apparent at the May 12th peak of 1858.

 

The Fast Stochastic has formed a crossover buy signal, indicating that the short-term momentum is bullish. Prices are no longer oversold as the fast stochastic prints a value of 54.58, considerably above the oversold trigger level of 20.

 

Medium-term momentum turns bullish as the MACD can provide a crossover buy signal. This occurs as the 12-day moving average minus the 26-day moving average passes below the 9-day moving average of the MACD line.

 

Price declines are predicted by the MACD (moving average convergence divergence) histogram, which shows a downward trend in price.

 

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