Tag Archives: Gold

Gold price holds lower ground near one-week low after two-day downtrend. Mixed sentiment as well as the pre FOMC Minutes anxiety have kept the Gold Index stuck. Recession-related fears have been renewed and even gained major attention with China, Europe in focus.FOMC Minutes will be eyed closely to confirm 75 …

Markets are awaiting the FOMC Meeting Minutes to decide on the size of the next Fed hike. FOMC will publish the July meeting minutes on Wednesday, August 17 at 18:00 GMT.Policymakers are likely to reiterate their commitment to monitor the data closely. The US dollar started the new week on …

The dollar rose to a one-week high on Tuesday, August 16, after weak data on the global economy, particularly in China, raised fears of a recession and cast a shadow over currencies such as the Australian dollar. The dollar index, which measures the greenback’s performance against a basket of currencies, …

Gold prices stabilized on Tuesday, as a stronger dollar and fears that the Federal Reserve would raise interest rates again put pressure on US bond yields. And gold settled in spot transactions at $ 1779.39 an ounce, and US gold futures fell 0.1 percent to $ 1795.70. The US 10-year …

Negative pressure was experienced by the yellow metal prices at the beginning of this week’s trading, after it recorded its highest level during last week’s trading at around $1800 per ounce, to find a strong selling area that forced it to trade negatively. On the technical side, gold is now …

The EU is working on a final draft concerning the nuclear deal with Iran as Tehran asks for further flexibility on the part of the United States. Iran is expected to provide an answer by the end of the day. The EU wants to bring back Tehran’s nuclear deal amid …

Wednesday’s FOMC Minutes will be crucial for near-term directions amid uncertainty over the policymakers’ bias after the latest inflation readings and the size of the next rate hike. To sum up; Wednesday is all about the July FOMC minutes and while the minutes are some weeks old, no one is …

Gold Price breaches the critical 50 DMA at $1,782 despite falling yields. China data-led triggers risk-aversion, boosts the safe-haven US dollar. The Gold Index remains exposed to testing the bullish 21 DMA on a daily closing below 50 DMA.Gold Price is deep in the red during the US session, as …

The gold market is not seeing much reaction to the latest economic data as it tries to hold support around $1,800 an ounce. December gold futures last traded at $1,796.30 an ounce, down 1% on the day. At the time of writing, gold price even deteriorates to $1778.71. With a …

The safe-haven US dollar rose on Monday after a fresh batch of disappointing data from China reinforced fears of a global recession. At the same time, the yuan fell after the People’s Bank of China surprisingly cut interest rates. Chinese industrial production, retail sales and fixed asset investment missed analysts’ …