DXY: The DXY (US Dollar Index) chart currently shows a bearish overall momentum, indicating a downward trend in the US dollar. Price could potentially continue this bearish movement towards the 1st support level. The 1st support at 102.46 is categorized as a swing low support, and it has historical significance as a level where buying […]
Gold price rose further on Thursday and pressure all-time high $2956 (Feb 24) after fresh post-US CPI acceleration took out last significant barriers at $2926/30. Growing fears of economic slowdown on escalating trade war that contributes to scenario of more Fed rate cuts, along with lower than expected US inflation in February, further boosted demand […]
The post Gold: Price Nears New Record High as Growing Uncertainty Continues to Fuel Safe Haven Demand appeared first on Action Forex.
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