Tag Archives: Gold

The technical outlook is unchanged, and there was no change in gold’s movements, maintaining the negative stability below the $1700 level per ounce, to start today’s session with a stable bearish tendency around its lowest level during the early trading of the current session at 1690. Technically, the simple moving …

The US dollar that fell to the 109.257 low, but did not stay down for long on Wednesday, the Dollar Index rallied back to test the 109.70s in New York. Technically, the index is on course for the 109.90s again ahead of what is expected to be a hawkish Fed’s …

Gold price has retreated but eventually was able to stabilize ahead of the looming FOMC’s rate hike and Ukraine peace talks Gold held steady as traders have worries concerning the monetary tightening path by the US central bank after economic data, including Tuesday’s CPI and Wednesday’s PPI, pointed to elevated …

Gold prices fell during trading on Wednesday to extend the precious metal’s losses after losing more than 1% in yesterday’s session, affected by higher-than-expected US inflation data. In terms of trading, spot gold contracts settled at $1,702.52 an ounce after falling more than 1% in the previous session, while gold …

A noticeable decline in gold prices within the negative outlook as we expected, in which we relied on the stability of trading below 1726, and most importantly 1733 touching the required target 1710, explaining that breaking the target level increases the chances of touching 1695, recording its lowest level of …

Tuesday witnessed the biggest US dollar’s rally since 2020 on the back of fresh economic data released by the US Labour Department highlighting CPI that unexpectedly rose in August. The dollar index was up 1.5% at 109.85 in its biggest one-day percentage gain since March 2020. The American currency, however, …

The gold market has dropped like a stone into negative territory after the US inflation pressure rose more than expected.Tuesday, the U.S. Labour Department said its much-anticipated Consumer Price Index rose 0.1% in August after an unchanged reading in July. Economists were looking for a drop of 0.1%. The report …

Gold prices were flat on Tuesday, as cautious investors awaited US inflation data to anticipate how much the Federal Reserve will raise interest rates. And gold prices in spot transactions recorded little change to 1724.19 dollars an ounce by 0729 GMT. Prices reached a two-week high of $1,734.99 on Monday …

Gold prices temporarily reversed the expected bearish trend during the previous analysis, and we relied in our negative trades on the stability of trading below the pivotal resistance level 1726, explaining that we should pay close attention if the price succeeds in breaching 1726. High at 1735 to compensate for …

Several gold investors were frustrated with gold’s price action so far in 2022 as the prices declined nearly 5%. However, commodity analysts at Bank of America have a slightly more optimistic view of the precious metal.In a report Monday, the analysts said that in the current environment, gold prices are …