Tag Archives: Gold

Gold prices stabilized on Friday, but they are heading to record the second weekly decline in a row, as the demand for the yellow metal was affected by fears that the major central banks might raise interest rates significantly to confront hyperinflation. And gold rose in immediate transactions 0.1 percent …

Gold futures closed lower on Thursday, with prices for the precious metal down a fourth straight session. Losses for gold are “mainly due to the strength in the dollar, as the US Fed is expected to adopt even more hawkish monetary policyIn testimony before the House Financial Services Committee Thursday, …

We adhered to intraday neutrality during the last analysis, explaining that we are observing the price behavior of the bullish wave between 1825 and 1842. Furthermore, we indicated that cohesion above 1825 and 1842 are price motivating factors that increase the possibility of touching 1849, so gold recorded its highest …

Gold advanced at the beginning of the day but once again met sellers around the $1,850 area and finished the day at around $1,838 a troy ounce. Crude oil prices remained at the lower end of their weekly range, with WTI settling at $105.50 a barrel.The US dollar finished lower …

Gold is trading between two levels of resistance and support, namely around $1,810 on the downside and $1,875 on the upside.At $1,840, the price of gold is a little lower than the highs but its remains 0.4% higher on the day. The price has travelled between a low of $1,823.45 …

Quiet trading tended to the negativity that dominated gold price movements during the previous session, nullifying the expected bullish scenario in which we relied on trading stability above the support floor of 1830, recording its lowest level during the morning trading of today’s session 1825. Technically and by looking at …

At $1,833.90, gold trades flat by mid-day New York trading session and has stuck to a $1,830.83 and $1,843.66 range so far in a fickle trading environment. There has been some bargain hunting on Wall Street following last week’s sellofs in stocks as investors move in on the energy and …

Gold prices found a good support level around 1833 over several consecutive sessions, unable to break the mentioned level, trying to hold on to its ascending path, and it is now hovering around its highest level during the early morning trading of 1840. On the technical side, stochastic is trying …

Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Society of Technical Analysts, shed light and commented on the developments in financial markets, most notably on crypto crash and Fed Chair Jerome Powell’s upcoming testimony before the Congress.European Equities: Asked, …

Central banks, categorized as most observed and most monitored around the globe, are coining what can be called a campaign against surging inflation. But this week it became more obvious that they know this could be achieved only at a cost that their economies should endure.US president Joe Biden indicated, …