Tag Archives: Gold

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 …

Positive trading dominated the prices of the yellow metal during yesterday’s session within the expected positive outlook, touching the second official target station at 1827, recording the highest of 1829. On the technical side, gold prices hit a strong resistance area, which forced the price to move negatively again. With …

The US dollar edged lower for most of Wednesday but got an unexpected push by the US Federal Reserve’s Meeting Minutes. US policymakers use the kind of language confirming a looming interest rate hike and that the quantitative easing, stimulus asset and asset purchases are no longer necessary.The minutes document …

The US dollar edged lower for most of Wednesday, but eventually received an unexpected boost from the US Federal Reserve’s Meeting Minutes. Fed policymakers noted that “In light of elevated inflation pressures and the strengthening labor market, participants judged that the increase in policy accommodation provided by the ongoing pace …

The pivotal support levels published during the previous analysis at 1797, representing the key to protecting the bullish trend, managed to push the price to the upside, recording its highest level of 1816. Technically, by looking at the 240-minute chart, we notice that the 50-day moving average is holding the …

The US dollar kept advancing on Tuesday, posting the most advance against the Japanese yen. USD/JPY pair jumped to 116.34, its highest since January 2017, as the dollar surged alongside US bond yields. Demand for the US dollar retreated with Wall Street’s opening, as the dollar was ending the day …

The XAU/USD Index has managed to hold above $1800, more gains could lead to a test of $1830. Gold prices are rising on Tuesday after strengthening during the American session even as US yields remain high. Gold recently climbed to 1814$, reaching a fresh daily high, trimming Monday’s losses and …

Gold prices rose on Tuesday after rising US bond yields, supported by bets that the Federal Reserve would raise interest rates faster than expected, pushed the precious metal to its biggest drop in six weeks in the previous session. And gold rose 0.2 percent in spot contracts to $ 1804.40 …

The yellow metal prices declined noticeably yesterday, after it recorded the highest level of $ 1831 per ounce, to find a strong resistance level around the mentioned level, which forced it to retest the pivotal support level at 1797. On the technical side today, and by looking at the 240-minute …