Gold prices dropped to end last week, logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald Trump’s victory and its potential impact on U.S. interest rate expectations.
The last session saw the Gold fall 0.8% against the Dollar. The MACD is giving a negative signal.
The last session saw XAU fall 0.8% against USD.
Support: 2642.3 | Resistance: 2732.8
Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump’s victory in the U.S. presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time.
The Bitcoin-Dollar pair exploded 4.6% in the last session. The ROC is giving a positive signal.
BTC/USD exploded 4.6% in the last session.
Support: 73577 | Resistance: 86402
The dollar soared to a four-month high after Republican Donald Trump won the U.S. presidential election, with policies on immigration, tax and trade expected to spur higher U.S. growth and inflation.
The Euro-Dollar pair plummeted 1.6% in the last session. The Stochastic indicator’s is giving a positive signal.
Support: 1.0392 | Resistance: 1.1147
Elon Musk stands to benefit greatly from his ties with U.S. President-elect Donald Trump after the Tesla CEO became one of Trump’s most important supporters during the 2024 campaign. Tesla shares jumped 14% on Wednesday after Trump defeated Vice President Kamala Harri.
U.S. stocks soared to record highs after Republican Donald Trump won the 2024 U.S. presidential election in a stunning comeback four years after he was voted out of the White House. The Dow Industrials, S&P 500 and Nasdaq Composite all hit record highs.
U.S. President-elect Donald Trump’s impending return to the White House appears to put the Federal Reserve on a slower and shallower path for interest rate cuts, with a slew of new policies embraced by the Republican leader poised to juice the economy and stall, or reverse, the slowdown in inflation.
List of companies, including Robinhood, Galaxy Digital, Kraken and Paxos, have formed a consortium supporting the latest stablecoin pegged to the United States dollar. Paxos shared that the new “open network” was designed to accelerate the adoption and use of stablecoins worldwide.
The Bitcoin-Dollar pair skyrocketed 3.2% in the last session. The ROC is giving a positive signal.
Support: 65317 | Resistance: 74488
