Spot Gold Rose Above 1830, Crude Oil Wiped Out 2% Gains

We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood

We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details

Trader Affiliates

Market News Spot Gold Rose Above 1830, Crude Oil Wiped Out 2% Gains

Markets News

Spot Gold Rose Above 1830, Crude Oil Wiped Out 2% Gains

TOPONE Markets Analyst

2022-12-28 09:30:00

Hot spot tracking

Putin signs decree banning oil supplies to customers adhering to Western price caps

Medvedev: Russia and NATO have nothing to talk about now

U.S. home sales slow, prices fall for 4th straight month

Product Hot Comment

Forex

As of 08:00 (GMT+8), EUR/USD fell 0.019% to 1.06369; GBP/USD rose 0.121% to 1.20249; AUD/USD fell 0.046% to 0.67301; USD/JPY rose 0.017% to 133.493 .

📝 Review:The yen fell 0.35% to 133.32 yen against the dollar, despite relatively weak demand at auctions after short-term government bond yields surged to their highest in 7-1/2 years. However, the yen is heading for its biggest quarterly gain against the dollar since 2008, up 8.1 percent so far, following the Bank of Japan's surprise decision to adjust monetary policy last week.

🕵️ Operation suggestion:go long USD/JPY at 133.474, target price 134.041.
Gold

As of 08:00 (GMT+8), spot gold fell 0.039% to $1812.65/oz, and spot silver fell 0.046% to $24.015/oz.

📝 Review:Gold prices jumped to their highest in six months on Tuesday as optimism weighed on the dollar, but gains were capped by a rise in benchmark U.S. Treasury yields. Spot gold jumped 1.1 percent to $1,816.69 an ounce, having hit $1,832.99 earlier in the session, its highest since June 27.

🕵️ Operation suggestion:go long at 1812.56, target price is 1831.20
Crude Oil

As of 08:00 (GMT+8), WTI fell 0.108% to $79.769/barrel; Brent rose 0.607% to $84.977/barrel.

📝 Review:Oil prices steadied after hitting a three-week high on Tuesday after some U.S. energy plants shut down by winter storms resumed operations, largely offsetting gains driven by hopes that easing of coronavirus restrictions would boost demand.

🕵️ Operation suggestion:go long at 79.791, the target price is 82.606
Indice

As of 08:00 (GMT+8), the Nasdaq index fell 0.090% to 10818.400 points; the Dow Jones index fell 0.003% to 33249.5 points; the S&P 500 index fell 0.044% to 3829.600 points.

📝 Review:U.S. stocks ended lower on Tuesday, as higher U.S. Treasury yields hit interest-rate-sensitive giants ahead of a week of shortened trading due to a public holiday. Growth stocks were the biggest drag on the tech-heavy Nasdaq. The S&P 500 also followed the Nasdaq down. Value stocks helped the Dow Jones Industrial Average hold onto gains.

🕵️ Operation suggestion:go short Nasdaq index at 11061.200, target price 10933.700