Tag Archives: Gold

Gold prices started today’s trading session with a noticeable rise after it announced the reliance on the solid support floor located around 1782. The price is now hovering around the highest level during early trading in 1807. On the technical side, we find gold prices succeeded in breaching the pivotal …

The US dollar seesawed between gains and losses, attempting to find a clear direction and led by US Treasury yields once again. As the 10-year U.S. Treasury yield spiked to start 2022, investors have been rotating into more cyclical and value names. On Monday, the 10-year climbed as high as …

Gold settled on Monday near its lowest level in three weeks, as traders awaited US inflation data for the month of December, which may boost expectations that the Federal Reserve will raise interest rates sooner than expected after weak data on the US employment rate. There was little change in …

Gold prices succeeded in touching the first official target published during the last analysis at 1781, recording its lowest level at the end of last week’s trading of 1782. On the technical side, gold’s current moves are witnessing stability below the previously broken support-into-resistance level 1797, 50.0% Fibonacci correction as …

Nonfarm Payrolls relatively disappointed prior estimates, but the labor market indicators were stronger than expected. The employment data has had a modest impact on the forex market. In the light of the NFP data, the US Fed is very determined to move out of easing policy settings.Economic DataNonfarm Payrolls (NFP) …

Gold has been swinging either side of the $1790 level in recent trade in wake of the latest jobs report. XAU/USD is being shielded from higher yields by the weaker US dollar, and if this reverses, gold will be in trouble.Gold is nervously holding on to very modest on-the-day gains …

Markets are awaiting the release of US employment data during December at 13:30 GMT. This data will be necessary given its strong impact on the dollar and the currency market movements. Markets expect to add 400,000 jobs in December, compared to 210,000 jobs previously recorded. Expectations also indicate a decline …

Prices of the yellow metal declined noticeably during the previous trading session after it started to pressure the support level published during the last report, at 1797, gradually approaching the target of 1777, recording the lowest price of 1786. Technically, today, we notice the continuation of the negative pressure from …

The financial markets’ traditionally favorite US economic statistic has been dethroned, and new classes of data became of higher importance. For the next several quarters, the main role of Nonfarm Payrolls will be to support, reinforce and confirm the Federal Reserve’s new policy which is highly sensitive to inflation. Short …

Gold prices fell Thursday, January 6, as US Treasury yields rose, after the minutes of the Federal Reserve’s December meeting indicated the fastest rate hike in interest rates to curb inflation. Yields on benchmark 10-year US Treasury bonds rose to the highest level since April 2021, raising the opportunity cost …