Several Chinese banks have been given new gold import quotas from the central bank, anticipating revived demand despite record high prices. Spot gold has gained 21% so far this year, having hit successive record highs.
The Gold-Dollar pair exploded 2.0% in the last session. The Ultimate Oscillator is giving a positive signal.
XAU/USD exploded 2.0% in the last session.
The Ultimate Oscillator is currently in the positive zone.
Support: 2414.7841 | Resistance: 2490.9041
U.S. stocks ended last week higher, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole Economic Symposium next week. The S&P 500 and the Nasdaq notched their seventh straight session of gains
The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country. This surge in applications follows regulatory updates by the Turkish Capital Markets Board.
U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door wider for the Federal Reserve to cut interest rates next month.
The dollar lost ground against its major peers, helping the euro to an eight-month peak, as the U.S.consumer price index showed inflation is subsiding, reinforcing expectations that Federal Reserve interest rate cuts are near.
Crypto.com has become the first cryptocurrency platform to secure an exclusive partnership with the UEFA Champions League. The multiyear partnership, which will see the centralized crypto exchange become an official global sponsor of the UEFA Champions League, was announced on August 14th.
Wall Street’s main indexes offered a mixed bag on Wednesday, as Alphabet and some megacap tech stocks traded lower but the latest inflation data reassured investors betting the Federal Reserve would start cutting U.S. interest rates next month.
The last session saw Google shares fall 1.2%. The Stochastic-RSI is giving a positive signal.
Google shares fell 1.2% in the last session.
The Stochastic-RSI is currently in the positive zone.
Support: 162.1933 | Resistance: 165.7133
