Tag Archives: Gold

Gold spiked higher to reach $1,678 after FOMC Minutes. The US dollar loses ground as the Fed hints to moderate the hiking pace. Gold futures spiked up to session highs at $1,677, with the US dollar turning lower as the minutes of September’s Fed meeting have been considered more dovish. …

Gold price holds around 1670$ even after US PPI data. The precious metal stays firm despite the US dollar’s strength.Market participants turn attention to FOMC minutes ahead of Thursday US CPI numbers. Gold continues to trade around $1,670 as it has been the case since the beginning of the European …

The prices of the yellow metal suffer from the continued rise of the US dollar, forcing the price to trade again below the $1700 level per ounce, recording $1,661, its lowest price in almost a week. On the technical side today, the simple moving averages still constitute an obstacle to …

The dollar rose slightly on Monday as investors awaited this week’s inflation data, which is expected to show that price pressures remain strong. Meanwhile, the British Pound fell for the fourth consecutive session even after the Bank of England extended its support to the markets. US data on Thursday is …

Gold prices fell to their lowest level in a week on Monday, after US jobs data reinforced expectations that the Federal Reserve will continue to raise interest rates sharply. Spot gold prices fell 0.5% to $1,686.55 an ounce by 0623 GMT, after hitting its lowest level since October 3. US …

Gold is trading at $1693.70 per ounce at the time of writing versus Thursday’s closing price at $1711.75. So, the gold market tends to be at risk despite its sudden recovery above $1,700 an ounce during the week. Gold failed to hold the $1700 level for long. Analysts point to …

Gold prices stabilized on Friday, October 7, ahead of a US jobs report that may support investors’ expectations regarding the path of the US Federal Reserve to raise interest rates, and is heading towards the largest weekly increase since March. By 01:23 GMT, there was little change in gold in …

The EUR/USD pair trades just below the 0.9800 figure, as worse-than-anticipated EU data added pressure on the Euro. Across the Atlantic, the US dollar recovered its positive momentum and closed Thursday with gains against most major rival currencies. The shy tone of global equities and soaring US Treasury yields enriched …

The price of gold returns back to flat on the day in what has been a correction of this week’s rally into daily resistance near $1,730. The price fell from a high of $1,725.60 to a low of $1,706.95 but held above the prior day’s lows despite firmer US yields …

On Thursday, the dollar extended the rally that began on Wednesday, as investors awaited the US jobs and inflation data, looking for indications that may mean reducing the intensity of the interest rate hike and reducing the rise of the US currency. The euro fell 0.27 percent to $0.9859, after …