Logo-color Logo-white

Just six days ago, we highlighted the historic breakthrough of the $3,200 level for the first time. Now, as the XAU/USD chart shows today, the price of an ounce of gold on global exchanges is fluctuating above $3,300. Bullish sentiment is being driven by a weakening US dollar and rising trade tensions between the United […]

The post Gold Price Surpasses $3,300 for the First Time in History appeared first on Action Forex.

previous

Pound Among the Winners Boosted by US Dollar Weakness and Rate Cut Prospects

next

ECB April Meeting Preview: Expected Rate Cuts and Market Impact

Read More

26/03/2025

Moody’s Warned the US for Deteriorating Fiscal Outlook

Markets After a rather clear, straightforward narrative earlier this month including a presumed European reflation and at the same time risks for the US to slip into stagflation dynamics, global markets this week entered a more erratic wait-and-see pattern. Amongst others, the April 2 ‘Liberation Day’ tariffs are looming large. The March US consumer confidence […]
03/10/2024

NZDUSD Retreats Below Short-Term Uptrend Line

NZDUSD pulls back from its 15-month top Stochastic tumbles to oversold region RSI falls near 50 level NZDUSD lost more than 2% following the pullback from the 15-month high of 0.6380, flirting with the short-term ascending trend line and the 20-day simple moving average (SMA). In the previous days, the 50- and 200-day SMAs posted […]
11/04/2025

XAU/USD: Gold Rises Above $3.200 on Trade War Escalation

Gold surged above $3200 and hit multiple record highs on Friday, fueled by fresh rise in safe haven demand on growing worries over escalation of trade war and weaker dollar. The latest decision of President Trump to put all tariffs on hold for 90 days but to exclude China from the deal and to increase […]