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Photo Source: Nurhakim via GIC[/caption] This pressure on gold prices occurs after the Fed will start its tapering in November and will gradually reduce until mid-2022. In addition, other plans that are no less great are the plan to reduce stimulus and the plan to increase the benchmark interest rate. Gold's highest level last week was at US$1787.12/troy ounce while the lowest level was at US$1737.73/troy ounce. The good results of the FOMC meeting agreement have put the US Dollar in a condition of strengthening against several other major currencies. Apart from the Central Bank's plan as mentioned above, the increase in bond yields with a tenor of 10 years also contributed to the strengthening of the US Dollar. Many analysts predict that Gold's movement will still continue to decline. This is because the US Dollar currency strengthened. In addition, in his remarks on Friday last weekend, Jerome Powel reiterated his plan to start tapering in November and will also start the discourse on raising interest rates at the end of 2023. Evergrande problems have eased slightly, after several Evergrande officials confirmed that they would carry out their obligations to all debtors even with a fairly long period of time. In addition, the People's Bank of China (PBoC) has injected 90 billion yuan into its banking system to prevent untoward events due to the Evergrande case. The focus of market participants today is on the statements of several FOMC officials which will start at 20:00 WIB, in addition to the ECB chairman will speak. Some of the Fed officials include William and Brainard. For fundamental analysis or the release of high impact data today, among them are Durable Good Order and Core Durable Good Order which will be released at 19:30 WIB, which is predicted to be good for the US Dollar currency. Keep a good eye on Money Management and Risk Management to protect your funds. Thus the discussion about the daily analysis of gold from GIC. Don't forget to read information related to other fundamental analysis only in the GIC Journal. And for those of you who are serious about stepping into the world of forex trading, then you can try our products scalping ebook and various premium Youtube videos.
Gold Daily Analysis: September 27, 2021 - Gold Price Drops
Oleh Nurhakim
Last updated at
17 Jan 2025 13:05
36
The price of gold is always changing, rising and falling every day. Seeing this event, GIC Indonesia as a peer to peer forex trading platform feels the need to provide daily gold analysis to the public. The following is the daily analysis of gold on Monday, September 27, 2021. Sinar Emas dimmed again in Friday trading last week. Overall the movement in a few days has decreased. The decline in gold prices began when the FOMC meeting succeeded in agreeing on a plan that could strengthen the US Dollar currency. This "hawkish" statement from the chairman of the US Central Bank of the Fed indicates that the wheels of the American economy are starting to move towards normal. [caption id="attachment_7050" align="alignnone" width="1028"] Photo Source: Nurhakim via GIC[/caption] This pressure on gold prices occurs after the Fed will start its tapering in November and will gradually reduce until mid-2022. In addition, other plans that are no less great are the plan to reduce stimulus and the plan to increase the benchmark interest rate. Gold's highest level last week was at US$1787.12/troy ounce while the lowest level was at US$1737.73/troy ounce. The good results of the FOMC meeting agreement have put the US Dollar in a condition of strengthening against several other major currencies. Apart from the Central Bank's plan as mentioned above, the increase in bond yields with a tenor of 10 years also contributed to the strengthening of the US Dollar. Many analysts predict that Gold's movement will still continue to decline. This is because the US Dollar currency strengthened. In addition, in his remarks on Friday last weekend, Jerome Powel reiterated his plan to start tapering in November and will also start the discourse on raising interest rates at the end of 2023. Evergrande problems have eased slightly, after several Evergrande officials confirmed that they would carry out their obligations to all debtors even with a fairly long period of time. In addition, the People's Bank of China (PBoC) has injected 90 billion yuan into its banking system to prevent untoward events due to the Evergrande case. The focus of market participants today is on the statements of several FOMC officials which will start at 20:00 WIB, in addition to the ECB chairman will speak. Some of the Fed officials include William and Brainard. For fundamental analysis or the release of high impact data today, among them are Durable Good Order and Core Durable Good Order which will be released at 19:30 WIB, which is predicted to be good for the US Dollar currency. Keep a good eye on Money Management and Risk Management to protect your funds. Thus the discussion about the daily analysis of gold from GIC. Don't forget to read information related to other fundamental analysis only in the GIC Journal. And for those of you who are serious about stepping into the world of forex trading, then you can try our products scalping ebook and various premium Youtube videos.
Photo Source: Nurhakim via GIC[/caption] This pressure on gold prices occurs after the Fed will start its tapering in November and will gradually reduce until mid-2022. In addition, other plans that are no less great are the plan to reduce stimulus and the plan to increase the benchmark interest rate. Gold's highest level last week was at US$1787.12/troy ounce while the lowest level was at US$1737.73/troy ounce. The good results of the FOMC meeting agreement have put the US Dollar in a condition of strengthening against several other major currencies. Apart from the Central Bank's plan as mentioned above, the increase in bond yields with a tenor of 10 years also contributed to the strengthening of the US Dollar. Many analysts predict that Gold's movement will still continue to decline. This is because the US Dollar currency strengthened. In addition, in his remarks on Friday last weekend, Jerome Powel reiterated his plan to start tapering in November and will also start the discourse on raising interest rates at the end of 2023. Evergrande problems have eased slightly, after several Evergrande officials confirmed that they would carry out their obligations to all debtors even with a fairly long period of time. In addition, the People's Bank of China (PBoC) has injected 90 billion yuan into its banking system to prevent untoward events due to the Evergrande case. The focus of market participants today is on the statements of several FOMC officials which will start at 20:00 WIB, in addition to the ECB chairman will speak. Some of the Fed officials include William and Brainard. For fundamental analysis or the release of high impact data today, among them are Durable Good Order and Core Durable Good Order which will be released at 19:30 WIB, which is predicted to be good for the US Dollar currency. Keep a good eye on Money Management and Risk Management to protect your funds. Thus the discussion about the daily analysis of gold from GIC. Don't forget to read information related to other fundamental analysis only in the GIC Journal. And for those of you who are serious about stepping into the world of forex trading, then you can try our products scalping ebook and various premium Youtube videos.
Professionally, he has been involved in the world of trading since 2009. Experienced in building a Marketing Team & Telemarketing with division members of 5 - 20 people. Currently a Trainer, Market Analyst at GIC since 2019.
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