Tag Archives: Gold

Gold prices succeeded in touching the official target mentioned in the last analysis at 1866, recording its lowest level at 1866, after the pivotal resistance level of 1890 managed to limit the attempts to rise. On the technical side, today, we tend to the negativity in our trading, relying on …

The Fed hiked rates by 50 basis points. But Chair Jerome Powell’s comments briefly ignited a sharp rally across markets after saying that Fed wasn’t considering raising rates by 75 basis points in the near future. Assets rallied across the board on Wednesday after Powell’s comments; downplaying the likelihood of …

The precious metal prepares to finish the week with losses near 0.60% as high US Treasury yields, led by the 10-year, around 3.12%, keep gold prices under pressure. Gold persists downward pressured, and it seems that it would finish the week with losses of around 0.60%, extending its fall from …

The US Bureau of Labor Statistics (BLS) will release the April jobs report on Friday, May 6 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 5 major banks regarding the upcoming employment data. Wells Fargo “We …

Gold prices managed to achieve the first target required to be touched during the previous analysis, at 1910, recording its highest level at 1910. To remind, we indicated during the report issued yesterday that the price behavior of gold should be monitored around 1910 due to its importance to the …

Gold prices rose on Thursday after the US Federal Reserve raised interest rates by 50 basis points to curb inflation, which the central bank sees as a factor threatening the economy, while ruling out a larger rate hike this year. Gold in spot transactions rose 0.9 percent to $ 1898.06 …

There was a noticeable rush in the yellow metal’s prices during the last session’s trading, trying to compensate for its previous losses, to witness the current movements of intraday stability above the resistance level of 1890. On the technical side today, and by looking at the 4-hour chart, we notice …

Gold prices fell on Wednesday, with the increase in the yield on US Treasury bonds and an imminent hike in the interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1% to $865.31 an ounce by 00:40 GMT. US gold futures fell 0.2% to …

Gold prices fell on Wednesday with the increase in the yield on US Treasury bonds and an imminent hike in the US interest rate, which negatively affected the demand for the precious metal. Spot gold prices fell 0.1 percent to $865.31 an ounce by 0040 GMT. US gold futures fell …

Financial markets were in a better mood on Tuesday, with global indexes managing to post gains, resulting in less demand for the safe-haven dollar.Hot inflation, tensions in Europe amid the Russian war on Ukraine and a rising number of coronavirus contagions, not only in China, anticipate a long road ahead …