Tag Archives: Gold

Gold breached the coveted $1,800 per ounce on Thursday on accelerated geopolitical tensions between China and the United States. But Friday’s employment report could disrupt gold’s momentum, according to analysts. December gold futures rose $33 on Thursday, touching a daily high of $1,812. At the time of writing, gold trades …

US Nonfarm Payrolls are expected to rise by 250,000 in July. Most assets, including gold, could likely react more significantly to any disappointing jobs report than a positive one. Gold’s movement has no apparent connection with NFP deviation four hours after the release.The headline job gains so far this year …

The yellow metal did not show much change during the last trading session within a sideways range, through which it succeeded in intraday stability above the 1760 support level and in general, above 1750; the price is now hovering near its highest level during the morning trading around 1770. Technically, …

US indexes surged, capping the safe-haven dollar’s demand, partially helped by strong Q2 corporate earnings reports and encouraging local data.Commodity-linked currencies, on the other hand, benefited from Wall Street’s strength. AUD/USD trades around 0.6950 while USD/CAD is marginally lower at 1.2840.The EUR/USD pair trades around 1.0160, as tepid European data …

Gold prices achieved the first target mentioned in the previous technical report in 1783, recording its highest level in 1788, retreating from it to the downside within the technique of retesting the support around the price of 1755. Today’s technical vision on the 4-hour time frame indicates the price stability …

Risk-aversion came back benefitting the US dollar that is widely considered as a safe haven. US-Sino tensions arose on the arrival of US House Speaker Nancy Pelosi to Taiwan. Pelosi supports the local government against China’s will.Crude oil prices, on the other hand, recovered some ground and the barrel of …

Gold gave up early gains to trade flat on Tuesday as the US dollar rose, lower Treasury yields and growing recession fears kept the yellow metal near its four-week peak. And gold settled in spot transactions at about 1771.29 dollars an ounce by 0843 GMT, after hitting its highest level …

Gold prices continued to achieve gains for the fourth consecutive session, reaching the first target of the previous analysis at 1780, recording its highest level at 1780 during the early trading of the current session. Technically, by looking at the 4-hour chart, we notice the price stability above the 50-day …

Gold prices advance on falling US Treasury yields and US dollar weakness. US equities rise, despite cooling manufacturing data, illustrating Fed actions are being felt. At the time of writing, gold is trading at $1770.5. Fed policymakers pushed back against deacceleration of interest rate hikes, according to the market’s reaction. …

The yellow metal prices achieved good gains at the end of last week’s trading for the third consecutive session, after it succeeded in building on the support floor of 1755, recording its highest level of 1767, taking advantage of the weakness of the US currency. Technically, by looking at the …