Tag Archives: Gold

The prices of the yellow metal hit the strong resistance published in the previous analysis at 17260. we mentioned earlier that it is one of the most important keys to the trend; forcing to trade with clear negativity again. We noted that the decline below 1707 led the gold price …

The US dollar extended its gains, ending Tuesday higher against most rival currencies. The EUR and the JPY were the worst performers, falling to multi-year lows against their American rival. EUR/USD traded as low as 0.9863, now hovering around 0.9900, while USD/JPY trades a handful of pips below 143.07, a …

At the time of writing, the precious metal trades around $1703. Earlier on Tuesday, gold future traded at $1712.80 with net decline of $9.80 or – 0.56%. Concurrently the dollar index was up 71 points or 0.65% and fixed at 110.22. This could mean that there was fractional buying in …

Gold prices rose on Tuesday, as the pause in the dollar’s rally and the energy crisis in Europe prompted some investors to buy the safe-haven metal. And gold rose in spot transactions 0.5% to $ 1718.30 an ounce, by 0648 GMT. Prices rose earlier by about one percent to their …

Gold started the first trading sessions this week on a bullish slope, benefiting from the strong demand point located at 1690 price, to retest the 1726 point during the early trading of the current session. On the technical side today, we find that the 14-day momentum indicator is getting positive …

Gold price hardly slides 0.13%, weighed by higher US Treasury bond yields and the strength of the US dollar.Gold price losses some of its brightness at the beginning of the week, down by 0.49%, in a thin liquidity trading day, with US markets, closed in the observance of Labour day. …

Gold prices stabilized on Monday, after jumping as much as 1.2 percent in the previous session, as cautious investors focused on the path of the Federal Reserve (US Central Bank) raising interest rates after swinging job data. There was no change in the price of gold in spot transactions at …

The Non-Farm Payrolls report has been the dominant market for the past week. Nonfarm Payrolls in the US rose by 315,000 in August, this reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000. The Unemployment Rate rose to 3.7% …

The USD/JPY modestly fell on Friday, after hitting earlier at 140.79, the highest level since 1998. The weaker US Dollar impacted the pair following the official US employment report.gold traded at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US …

At the time of writing, gold is trading at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US jobs data, traders opt to stay cautious because of the generally negative macroeconomic data as well as the current gold’s dangerous technical …