Tag Archives: Gold

On Wednesday, the non-yielding metal is almost flat as investors assess the pace of the Fed’s tightening. A buoyant US Dollar keeps gold defensive, though holding above $1800. Gold ETF holdings have fallen for a ninth consecutive day.The Gold Index is trading negatively in the day, though it remains at …

We adhered to intraday neutrality during the last report due to the conflicting technical signals and the lack of clarity of direction, explaining if the breach of the 1832 resistance level is confirmed, this is a catalyst factor that may enhance the chances of the price rising to visit 1840, …

Gold prices approached the bearish target published during the previous analysis at 1780, to settle for its lowest price at 1786, to find a support floor there around the mentioned level, which forced it to retest the 1823 resistance level, recording its highest level during the early trading of the …

The Gold Index has recovered some ground after earlier slipping below the $1800 mark on Friday, on higher US Treasury yields, which during the session are sliding, thus lifting the prospects of the non-yielding metal. XAU/USD is trading almost flat, around $1811.02 a troy ounce.As for market sentiment, the rhetoric …

On Monday, gold prices fell more than one percent to their lowest levels since late January, as the dollar’s strength continued to affect demand for the yellow metal, which is denominated in the US currency. And gold fell in spot transactions 0.8 percent to $ 1797.82 an ounce (an ounce) …

Gold prices consolidated their losses against the US dollar within the expected bearish path, touching the required official station at 1800, recording its lowest level at the end of last week’s trading at 1799. On the technical side, today, we tend to the negativity in our trading, relying on the …

The US inflation data dominated the markets in the week ending May 13th. The safe-haven assets ended the trading in a bearish direction led by gold as a result of the rise in the US dollar. Wall Street ended trading higher on Friday, ending a week of wild market volatility, …

On Friday, financial markets witnessed some kind of improvement in risk sentiment and a correction of the US dollar. The euro is still headed toward the lowest weekly close since December 2002.Economic Data Risk sentiment is the key market mover on Friday. Economic data from the US showed a larger-than-expected …

Gold retreated to the $1,799 level on Friday, the lowest since February 2022. Recovery followed later to find resistance shortly at $1,820. US shares are sharply rising on Friday, on a recovery rally. Crude oil prices also hit gains. US yields settled and the US dollar is correcting lower. Usually, …

Gold prices declined significantly at the end of the previous trading session, within the expected bearish path, touching the official target at 1810, recording its lowest level at 1810. Technically, and carefully considering the 4-hour chart, we notice that the price settled intraday below 1835, and most importantly below 1852, …