Tag Archives: Gold

Recession seems inevitable as stubbornly high inflation plus the escalation of the war forced policymakers’ hands. Stocks fell, while US government bond yields soared to fresh multi-year highs.Major central banks announced monetary policy decisions following the US Fed’s meeting for September with the Bank of Japan firstly, on Thursday, deciding …

Gold has managed to hold firm despite the resurgence of the US dollar. Gold’s safe-haven appeal is still supporting the price within the familiar daily trading range.The gold price is settling in for the end of the North American session around flat for the day having traveled between a low …

Gold prices reached the first bearish target at 1656 and approached by a few points at the next target, 1650, recording its lowest level of $ 1653 per ounce. Prices showed mixed trading after touching 1653, resuming the bullish intraday bounce to retest the 1686 resistance level and fail to …

The dollar solidified its gains after the Fed triggered volatility and sour market sentiment across the board. As anticipated, the US central bank hiked the benchmark rate by 75 bps to 3.25%, while policymakers maintained their determination to bring inflation down to the 2% target. US Treasury yields soared. The …

Gold rose on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a decision that restored the attractiveness of the yellow metal as a safe haven. Still, the strength of the dollar and the expectation of a US interest rate hike limited the gains. And …

There, gold prices found a strong resistance level at 1680, as we mentioned during the last analysis, which forced gold to return to the downside path within the mentioned context, touching the first target of 1663, recording its lowest level at $1660 per ounce. On the technical side, the simple …

Gold and silver prices are hesitantly lower in midday US session on Tuesday. Hawkish signals on monetary policies from the US central bank as well as other major central banks cast greyish shades on the stock and financial markets at the present moment.The hawkish tone with expectations of aggressive tightening …

Gold prices fell on Tuesday, September 20, under pressure from the stability of the dollar and the rise in US bond yields, at a time when the US Federal Reserve is preparing to announce a major interest rate hike to curb inflation. And gold fell in spot transactions by 0.4% …

Bullish rebound attempts dominated gold prices yesterday, trying to establish a support level around 1665, recording the highest level of $1680 per ounce during trading last Monday. On the technical side, the 50-day SMA is still an obstacle to the price, and it is motivated by the clear negative features …

The week has got a lot of volatility and most assets are in slow motion with an almost empty macroeconomic data. The UK was on holiday honoring the funeral of the late Queen Elizabeth II. Fifteen major central banks will announce their policy decisions later the week.Economic DataMonday’s U.S. economic …