Gold prices have fallen from their session highs but are still holding on to gains even as Federal Reserve Chair Jerome Powell signed that the central bank could aggressively tighten interest rates more than markets are expecting.The gold market appears to be taking the hawkish comments in stride. April gold …
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In an interview on Dubai TV, Mohammed Hashad, Director of Research and Development Department at Noor Capital and member of the US Association of Technical Analysts, tackled the latest developments in financial markets, particularly the most prominent one; namely, the surging oil prices that touched record levels, he also commented …
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Gold prices rose on Monday, boosted by the safe-haven appetite, as the Ukraine crisis showed no signs of abating, although the US Federal Reserve’s plan to implement bold anti-inflation measures curbed gold’s gains. 3.0 percent to $ 1927.22 an ounce by 0528 GMT. And US gold futures fell 1.0 percent …
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The current moves of gold are witnessing a bearish slope, but it is still limited, as the recent moves settle below the minor resistance level at 1936. Technically, and by looking at the chart with a 240-minute chart, we notice the price stability below the 50-day moving average, which continues …
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There have been a lot of moving events during the past week, most notably the monetary policy decisions of the Fed and the Bank of England. Those decisions, which reflected a clear shift in the direction of monetary policy, led to a change in the price movement. The US Federal …
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The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …
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Gold is set to register its largest one-week loss since November. In case next week’s developments point to a further escalation of the conflict, gold should gather strength and start erasing this week’s losses. On the other hand, the precious metal could come under renewed selling pressure if markets remain …
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Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin’s (BTC) future under the current macro conditions.Well known for his belief in Bitcoin …
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Gold Price snapped a three-day downtrend to bounce off a 13-day low. Mixed news from the Russia-Ukraine front weighed on the market’s mood. The Gold Index XAU/USD is technically bullish, faces strong resistance around $1,960.The Gold Index advances slowly but steadily as investors continue to dump the greenback. The bright …
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Gold prices rose on Thursday as the dollar fell after the Federal Reserve raised interest rates, which makes the precious metal less expensive for holders of other currencies, but the rise in Treasury yields limited the gains. And spot gold contracts rose 0.4 percent to $ 1936.26 an ounce, after …
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