Tag Archives: Gold

After dropping nearly $25 following the highly anticipated speech by Federal Reserve Chair Jerome Powell, gold could be at risk of falling to $1,600 an ounce unless buyers step in to buy the dip, according to analysts. The Fed chair wants to avoid the mistakes of the 1970s, which is …

Volatility has soared after key US inflation data and following Jerome Powell’s Jackson Hole speech. Fed Chair keeps hawkish tone and stance, reiterating that high interest rates will persist for some time in the battle against hot inflation.At the time of writing, gold even trades between $1739.90 and $1741.10. Gold …

Gold prices stabilized on Friday despite the precious metal’s trend for a weekly gain, with investors focused largely on the Jackson Hole seminar for clues about the US Federal Reserve’s policy to curb inflation. Spot gold consolidated at $1,757.99 an ounce at 0624 GMT, but rose 0.6 percent so far …

We remained neutral and preferred to monitor the price behaviour for the second session in a row due to the conflicting technical signals, explaining that the confirmation of the bullish corrective bias that occurred yesterday depends on the consolidation above 1758, targeting 1761 and 1767 respectively, to record gold at …

Gold price advances almost 0.30% on Thursday, courtesy of an upbeat sentiment and overall buck’s weakness. Investors still digest mixed US economic data, released ahead of Powell’s speech.Fed officials expect a 50 or 75 bps rate hike at the next meeting; awaiting September’s data. Gold Price trades in the green …

Gold prices rose for a third consecutive session on Thursday, supported by the dollar’s decline as investors looked to the Jackson Hole Economic Symposium for clues on inflation and the interest rate path from the US Federal Reserve. Spot gold rose 0.8 percent to $1,764.39 an ounce by 0927 GMT. …

We adhered to intraday neutrality during yesterday’s session due to a conflict in the technical signals, explaining that we are observing the price behaviour of gold from the bottom above 1729 and above around 1757. On the technical side, gold begins today by attacking the strong resistance located at 1757, …

Gold has extended its bullish correction to the 38.2%$ ratio target and now has a chance of a deeper correction. Jackson Hole symposium is looming and signals by Jerome Powell are most awaited for direction and clues.The dollar benefited from higher US yields following the demand from domestic and international …

With a big deal of market volatility, gold prices have pushed to session highs. The housing market, an important pillar of US economic growth, continued to weaken as consumers bought fewer new homes than expected last month. The S&P Global flash PMI reading also has benefited the precious metal, which …

Gold prices fell on Wednesday, August 24, in the United States of America, after hawkish statements from an official in the Federal Council surrounding the investors kept investors. And gold fell in direct transactions 0.1% to $ 1746.18 an ounce, the time at 07:12 GMT, after rising 0.7% in the …