Deutsche Bank Maintains Bullish Gold Outlook, Sees Correction Ending
Deutsche Bank suggests gold's recent price dip has largely concluded, reiterating its Q4 target of US$4,600 per ounce.
Breaking news from trusted financial sources. Central bank decisions, economic data releases, and expert analysis.
Deutsche Bank suggests gold's recent price dip has largely concluded, reiterating its Q4 target of US$4,600 per ounce.
Argentina reported a substantial month-over-month increase in tax revenue for July, reaching 22 billion compared to the previous month's 20.017 billion.
Asian markets anticipate a quiet economic calendar on Tuesday, August 4, 2026, with only lower-tier data releases scheduled.
Major tech companies are outperforming broader market indices, prompting a closer technical examination of their individual price action.
Former President Trump commented on ongoing discussions with Iran, emphasizing a final opportunity for resolution, and critiqued oil company profits.
The US Dollar Index (DXY) saw a modest rebound on Monday, supported by better-than-expected manufacturing data and ongoing geopolitical uncertainties.
Spot gold maintains position above the $4,000 mark, showing minimal movement from its Friday close despite an earlier weekly uptick.
The EURUSD pair experienced a reversal after failing to sustain early gains, now challenging a critical support zone around 1.1500.
The Australian dollar faces a critical juncture against the US dollar, with the 0.7000 mark proving to be a significant resistance point.
Despite geopolitical tensions driving retail oil purchases, institutional investors were observed to be net sellers during recent price increases.
The AUD/USD pair faced selling pressure near its 100-day moving average, retreating after failing to clear this key technical level.
Most major European stock indices advanced at the start of the week, driven by improved risk sentiment despite ongoing geopolitical concerns.
The Atlanta Federal Reserve's GDPNow model has significantly raised its Q3 real GDP growth forecast from 5.0% to 6.2%.
Former President Trump recently commented on social media, describing Iran's leadership as exceptionally duplicitous.
The USD/CHF pair has advanced, testing significant technical resistance after a rebound from a key retracement level.
The Singapore Dollar's recent gains against the US Dollar may face resistance, with analysts noting a potential cap on further appreciation.
Silver prices retreated Monday following robust US manufacturing figures, strengthening expectations for sustained restrictive Federal Reserve policy.
The Euro saw restricted upward movement against the US Dollar on Monday, as market participants awaited clarity on diplomatic developments and Federal Reserve signals.
US construction spending declined by 0.1% in June, falling short of expectations and revising down the prior month's figure.
US manufacturing activity grew at its fastest pace in over four years in July, with the ISM Manufacturing PMI surpassing forecasts.
US manufacturing activity maintained its expansion pace in July, with the S&P Global PMI at 53.9, though new orders softened.
Despite US overtures regarding the Strait of Hormuz, Iran maintains its stance on keeping the vital shipping lane closed until regional conflicts conclude.
USDCAD has seen renewed upward pressure after finding support near 1.4000, yet key moving averages cap further advances.
A former White House economic advisor recently commented on US inflation figures, while also addressing efforts to mitigate oil market impacts.
Real-time quotes powered by TradingView