About: pumarketings
Recent Posts by pumarketings
Fed Bets Cool the Dollar as Gold Faces a Technical Storm
Key Takeaways: *The U.S. Dollar steadied near recent lows as traders balanced weaker economic data with hawkish Fed commentary. *Treasury yields slipped and rate futures priced in a 70% chance of a December cut, keeping focus on the upcoming Core PCE data. *Gold suffered its sharpest one-day drop in over five years, retreating toward theContinue Reading
Gold Tumbles as Profit-Taking and Improved U.S.–China Sentiment Hit Safe-Haven Demand
Key Takeaways: *Gold prices fell sharply after breaking below a double-top pattern, marking one of the steepest declines in recent weeks. *U.S. President Donald Trump’s upbeat comments on relations with China boosted risk appetite, dampening safe-haven demand. *Profit-Taking Pressure: Analysts see the current selloff as largely a technical correction following a prolonged rally. Market Summary: Continue Reading
“TACO” Trade Fuels Wall Street Rally as Gold Retreats
Key Takeaways: *A sharp shift in sentiment saw gold retreat after its October surge, while the Dow Jones hit a record high of 46,926 amid renewed risk appetite. *Markets rallied on softer trade rhetoric from former President Trump, echoing the “Trump Always Chickens Out” pattern of buying dips on tariff threats. *The upcoming U.S. inflationContinue Reading
