Investment Portfolio

Gain: 

Pulse Wallet

Gain: 

REA Learn Copy

Gain: 

Quick Tools:

Forex Today: Gold approaches all-time high of $ 2,450

Forex Today: Gold approaches all-time high of $ 2,450

Gold continued its relatively unexpected rise, closing yesterday in New York very close to an all-time high, and rose today, approaching the record price of $2,450.

➡️ Gold is the standout asset in today's market, having risen yesterday to close just a fraction below its record daily closing price, before rising during today's Asian session. The price is currently only about $ 20 below its all-time high of $ 2,450. If gold closes in New York above $ 2,427, trend traders will be interested in buying the precious metal.

➡️ Two major US stock indexes, the S&P 500 and the Dow Jones Industrial Average, reached record highs yesterday before giving up gains. The NASDAQ 100 Index is further away from its recent high, showing that tech stocks are weaker than the broader market for the time being. In Asia, major indexes were mixed to bearish during today's session.

➡️ After the dramatic assassination attempt on former President Trump last weekend, he was formally nominated as the Republican candidate for president and chose his running mate for vice president, Senator JD Vance of Ohio. US Treasury bond yields continue to fall to new multi-month lows.

➡️ Fed Chair Jerome Powell said again yesterday that recent economic data has boosted confidence that inflation is heading toward the Fed's 2% target.

➡️ The US dollar has made some gains in recent days, becoming the strongest currency in the Forex market since Tokyo opened today, while the Japanese yen is the weakest, putting focus on USD/JPY currency pair.

➡️ Bitcoin has been selling since hitting a new 2-week high yesterday, just below 65,000 $. Some analysts attribute Bitcoin's strong gains since Saturday to the expectation that a President Trump will be more accommodating of Bitcoin and cryptocurrency regulation.

➡️ Empire State Manufacturing Index data released yesterday in the United States came in lower than expected, indicating that the manufacturing economy is likely slowing.

➡️ US retail sales and Canadian consumer price index data will be released today; the latter should fall from the annualized rate of 2.0% to 1.9%.

 

Credit by DailyForex.com

en_USEN

Investment Portfolio

Copy strategies

Find out how our strategies copy works. You can copy our strategies without costs and without risk with a demo account, and with a real account in exchange for a profit-share.

REA TradeKit

Access Advanced Tools and Strategies.

14 day money back guarantee.

Free Resources

Mentoring 1 to 1

Reavolution's 1-to-1 mentorships allow you to learn our strategies directly from our trainers.

Main Categories

Forex Calculators

Commercial Lotto Calculator

Leverage and Margin Calculator

Drawdown Calculator

Compound Interest Calculator

Pips Value Calculator in Euros

Economic Calendar