Tag Archives: Gold

Gold price stays bearish around $1,760, after a two-day downtrend, as sellers cheer the US Dollar’s rebound despite softer US economic data. The precious metal traders digest recent hawkish comments by US Fed officials while market sentiment does not favour risk. The most significant factor for gold trading on Thursday …

Gold prices stabilized on Thursday as demand for the precious metal declined due to the latest geopolitical concerns, while hopes that the Federal Reserve (the US central bank) would be less aggressive in raising interest rates in the coming months boosted the markets. And by 0103 GMT, there was little …

For the second session in a row, gold prices collide with the pivotal resistance level published during all reports of this week at 1787, explaining the importance of this level to the general trend in the short term, which forced gold to trade negatively and now hovering around its lowest …

Gold Price creeps lower after testing the weekly high around $1786 on Wednesday following the release of positive US data. The retail sales data triggered risk aversion, so, the US dollar’s stance as a safe haven benefited, but the Gold Index was not able failed to capitalize on falling US …

Gold prices were able to touch the official target of the report issued on yesterday’s session at 1787, explaining that the price behaviour of the mentioned level must be monitored. Technically, we find gold prices stable in an intraday manner above the support level of 1763. We also find the …

Gold prices hit a three-month high on Tuesday as the dollar fell, amid hopes the Federal Reserve will ease its policy of raising interest rates in the future. Spot gold rose 0.5% to $1,779.94 an ounce by 0745 GMT, its highest since August 17. US gold futures rose 0.4 percent …

The yellow metal prices maintained the expected bullish context during the previous analysis after it retested the 1753 level and returned to the bullish rebound towards the first target required to be achieved in the last analysis at 1772, recording the highest 1775. Today’s technical view indicates the possibility of …

Gold prices fell on Monday from a three-month high reached in the previous session as the dollar and US bond yields rose after a senior Federal Reserve official warned that the board was not easing its fight against inflation. And the price of gold in spot transactions 0.5 percent to …

Gold’s movements did not witness noticeable changes during last Friday’s trading due to the US market holiday, which led to a decline in trading volumes on the yellow meter, recording a high of $1,772 per ounce. Technically, and by looking at the chart with a 240-minute interval, we find signs …

Global stocks rallied on Friday for a second day on hopes cooler US inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years.Economic DataMSCI’s all-country world index rose 1.91%, lifting it to its …