Tag Archives: Gold

Gold fell in Monday morning trading in Asia, hitting its lowest level in more than five weeks. Meanwhile, the dollar strengthened as investors waited for the latest policy decision from the Federal Reserve. Gold futures were also down 0.31% to $1,746.05, after reaching $1.741.8, its lowest since August 12, at …

The yellow metal prices were subjected to solid selling pressure due to the rise in the US dollar to be able to touch the target mentioned in the previous analysis, at 1745, recording its lowest level at 1742. On the technical side today, by looking at the 4-hour chart, we …

The latest strength of the USD and the rising Treasury yields have served as main series catalysts for gold mining stocks. Now, Gold is testing the support level at USD 1750. The U.S. Dollar Index, which measures the strength of the U.S. dollar against a broad basket of currencies, is …

Gold prices incurred huge losses during the last trading session within the negative outlook as we expected. Therefore, we relied on confirming the breach of 1784, heading towards touching the official target station 1768, on recording its lowest level at 1745. Technically, trading stabilizing below the previously broken support-into-resistance level …

The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …

Gold prices fell, after the dollar’s rise affected the attractiveness of the precious metal to holders of other currencies, while investors are awaiting the US Central Bank meeting to know indications about the time frame to reduce the stimulus program and raise interest rates. Gold is a hedge against inflation …

Gold prices witnessed negative trades during the last trading session to close below the critical resistance of 1799. On the technical side today, we notice here a contradiction in the technical signals between the negative pressure of the 50-day moving average, which presses the price and meets around 1799/1800, and …

Gold prices held within a narrow range near the key $1800 level as lower US inflation data fueled doubts about the time frame for the Federal Reserve’s move to cut stimulus measures. Spot gold fell 0.2 percent to $1,800.3 an ounce by 0904 GMT, but was slightly below a week’s …

Positive trades dominated the movements of gold during the previous trading session, nullifying the negative outlook as we expected, in which we relied on trading below the 1799 resistance level; we mentioned that any trading above 1799 would immediately stop the bearish tendency and lead gold to record positive targets …

Gold prices stabilized on Tuesday, September 14, as investors awaited key inflation data in the United States that may give indications of the Federal Reserve’s decision to reduce stimulus measures aimed at supporting the economic recovery from the pandemic. There was little change in the price of gold in spot …