Gold price today July 25: Gold price continues to fall deeply

The precious metal experts said that the direction of gold in the near future largely depends on the statement of Fed Chairman Jerome Powell at the press conference.

According to Moya, if the Fed continues to make the option of tightening further and the upcoming economic data is positive, it will likely cause gold to fall deeply.

Going forward, markets will be watching monetary policy statements from the Fed, European Central Bank (ECB) and BOJ. The ECB is also expected to raise interest rates by 25 percentage points on July 27.

Currently, the market is optimistic that the Fed is about to complete the cycle of tightening monetary policy. However, gold can be risky because the Fed Chairman is open to the possibility of at least two more rate hikes this year.

Originally posted here: https://ift.tt/7Cluqtm

Gold Price Forecast: XAU/USD trades with modest gains around $1,960, US CB Consumer Confidence eyed - FXStreet

Gold Price Forecast: XAU/USD trades with modest gains around $1,960, US CB Consumer Confidence eyed FXStreet

source https://news.google.com/rss/articles/CBMidmh0dHBzOi8vd3d3LmZ4c3RyZWV0LmNvbS9uZXdzL2dvbGQtcHJpY2UtZm9yZWNhc3QteGF1LXVzZC10cmFkZXMtd2l0aC1tb2Rlc3QtZ2FpbnMtYXJvdW5kLTEtOTYwLWZvbWMtZXllZC0yMDIzMDcyNTA1MTLSAQA?oc=5

ASX Top 10 Momentum Stocks: 25 July 2023 - Finer Market Points

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ASX Top 10 Momentum Stocks: 25 July 2023 - Finer Market Points

LUMOS DIAGNOSTICS HOLDINGS LIMITED ASX:LDX

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LDX WC8 MGU IDA ENR BEZ AZS MVP AW1 ERD

Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.

Today's ASX's Top 10 Quarterly Momentum Stocks are:

Lumos Diagnostics (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.

Wildcat Resources (WC8): Wildcat Resources is a WA and NSW Gold explorer with exposure to Lithium, Caesium, Tantalum, Nickel, and Copper as well.

Magnum Mining & Exploration (MGU): Magnum Mining & Exploration is a miner in IUS, Nevada, and West Virginia. They focus on iron ore concentrate and green pig iron production, aiming to serve steelmakers in the West Coast and Ohio River Valley areas.

Indiana Resources (IDA): Indiana Resources is a miner focusing on Rare Earths, Gold, and other base metals in both SA and Tanzania.

Encounter Resources (ENR): Encounter Resources is primarily focused on discovering major copper-dominant deposits in Australia. They control a portfolio of 100% owned projects covering prospective sites for copper, rare earths, and lithium.

Besra Gold Inc (BEZ): Besra Gold Inc is a gold-focused miner with operations in the Bau Goldfields of East Malaysia.

Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on lithium and nickel in Western Australia.

Medical Developments (MVP): Medical Developments manufactures and distributes pharmaceutical drugs, medical equipment, and veterinary equipment. They sell Penthrox drugs in the Pharmaceuticals segment and medical devices and veterinary products in Australia, Europe, and Asia.

American West Metals Limited (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.

Eroad Limited (ERD): Eroad Limited provides SAAS for fleet management solutions with Smart GPS and telematics provided in AU, NZ to North America, headquartered in Albany NZ.