Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Commodities

Gold price rises again – Commerzbank

Source Fxstreet

The Gold price has been on the rise again since yesterday, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

US labour market report is a key item on the agenda on Friday

"Various developments are likely to provide impetus: on the one hand, speculation about US interest rate cuts has intensified. On the other hand, fiscal risks are likely to come to the fore again in view of the fact that the US government is currently trying to push its fiscal package, the ‘Big Beautiful Bill’, through Congress."

"According to some experts, the latest Senate version is likely to drive US debt even higher than the version originally proposed. Whether the trend in interest rate expectations continues is likely to depend on the US data due to be released in the coming days. The US labour market report is a key item on the agenda on Friday."

"If it continues to prove robust, this could create headwinds for interest rate cut expectations as well as for Gold."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin Must Clear This Critical Cost Basis Level For Continued Upside, Analyst Says In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to

Author NewsBTC

4 Month 23 Day Wed

In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to

Ethereum Price Tests Resistance — Breakout Could Spark Rally Ethereum price started a fresh increase above the $2,480 zone. ETH is now consolidating gains and might soon aim for a move above the $2,520 resistance. Ethereum started a fresh upward move above the

Author NewsBTC

6 Month 30 Day Mon

Ethereum price started a fresh increase above the $2,480 zone. ETH is now consolidating gains and might soon aim for a move above the $2,520 resistance. Ethereum started a fresh upward move above the

Insane Or Insightful? VC Firm Says XRP Could Reach Nearly $9,000 In Just 5 Years US regulators and market watchers are eyeing a fresh valuation study that puts XRP on track for a dramatic price surge by 2030. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By

Author NewsBTC

13 hours ago

US regulators and market watchers are eyeing a fresh valuation study that puts XRP on track for a dramatic price surge by 2030. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By

Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation Ethereum is trading above $2,400 after enduring several days of volatility and uncertainty. The price has managed to stabilize despite sharp intraday swings, reflecting growing tension between

Author NewsBTC

13 hours ago

Ethereum is trading above $2,400 after enduring several days of volatility and uncertainty. The price has managed to stabilize despite sharp intraday swings, reflecting growing tension between

Australian Dollar remains subdued following China’s Caixin Manufacturing PMI The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday after registering more than 0.50% losses in the previous session. The AUD/USD pair loses ground as Australia’s S&P Global Manufacturing Purchasing Managers’ Index (PMI) falls to 50.6 in June from the previous 51.0.

Author FXStreet

13 hours ago

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday after registering more than 0.50% losses in the previous session. The AUD/USD pair loses ground as Australia’s S&P Global Manufacturing Purchasing Managers’ Index (PMI) falls to 50.6 in June from the previous 51.0.

Related Instrument