Tag Archives: Gold

US President Joe Biden cautioned on Friday that ““it’s going to take time to get inflation back down to normal levels.”, but he assured that legislation he signed earlier this year will help limit costs for health care and energy. However, he said that “in six short weeks, Americans are …

On Friday, gold prices are trading unchanged in early US trading session. The softer US dollar index is being balanced by a drop in crude oil prices to a five-week low overnight. US bond yields have risen a bit late this week, which leans slightly bearish for the safe-haven metals. …

Gold prices rose on Friday, November 18, due to the decline in the US dollar, but it is still heading towards its first weekly loss in 3 weeks, affected by indications from US Federal Reserve officials that more interest rate hikes are on the way. By 04:33 GMT, spot gold …

Gold prices succeeded in realizing the idea of ​​the expected bearish bias during the previous technical report, touching the first bearish target required to be achieved at 1755, recording its lowest level at $1754 per ounce. Technically, and with a closer look at the 4-hour chart, we notice the stability …

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 …