Tag Archives: Gold

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 …

At $1,871.10, the gold price is firmer on Tuesday, rising from a low of $1,850.47 to a high of $1,878.14 so far. The price has upheld the bid in synch with a slight retreat in US Treasury yields and the US dollar ahead of this week’s Federal Reserve went.The US …

Gold Prices continue to trade higher on Friday amid month-end US dollar weakness, with prices still above $1900. But XAU/USD has pulled back from earlier highs with US yields rallying in wake of the latest US data dump. Traders’ focus now has switched to next week’s Fed policy meeting, with …

The yellow metal prices declined within the expected bearish path we mentioned in the previous analysis, touching the first target at 1885 and approaching by a few points from the next stop 1866, recording a bottom at 1872. Technically, we notice that there are limited attempts to rise as a …