Author: Admin

When you hear the phrase “Gold Rush,” your mind probably jumps straight to California in 1849. But the story of gold in America began much earlier, and much farther east. In fact, the first major gold rush in U.S. history took place in the rolling hills of northern Georgia in 1829. This little-known but deeply significant event set the stage for America’s fascination with gold and shaped the foundation of the modern gold industry. The Discovery That Sparked It All In 1828, gold was discovered in Lumpkin County, Georgia, near what would become the town of Dahlonega. By the following…

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The Euro climbs as Nonfarm Payrolls show weak hiring, rising unemployment, and steady wage growth in August.US 2-year Treasury yield tumbles as markets fully price in September rate cut; DXY drops 0.70% to 97.57.Traders eye US CPI next week to confirm disinflation trend, while EU GDP Q2 revised slightly higher.The EUR/USD advanced during the North American session after the latest employment report in the United Sates (US) showed the labor market is deteriorating. Consequently, investors ditched the US Dollar as the first rate cut by the Federal Reserve in 2025 looms. The pair trades at 1.1714, up by 0.50%.US jobs…

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USD/CHF breaks under 50-day SMA at 0.8020, closing below 0.8000 with momentum favoring further downside.Bears eye 0.7950 and July 23 low at 0.7911, with path open toward year-to-date trough at 0.7872.Buyers must reclaim 0.8000 and 50-day SMA to challenge resistance at 0.8047 and 100-day SMA at 0.8122.The USD/CHF extended its losses on Friday, tumbling below the 50-day Simple Moving Average (SMA) at 0.8020. The release of a worse than expected US Nonfarm Payrolls report, cemented the case for a Fed rate cut at the September meeting. At the time of writing, the pair trades at 0.7980, down 0.94%.USD/CHF Price Forecast:…

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