Tag Archives: Gold

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 …

The technical outlook is unchanged; the gold’s movements did not change much, maintaining the negative stability below the pivotal resistance level at 1797. Technically, we find gold started to pressure on the 1785 support level, as we find the simple moving averages continue to pressure the price from the top …

Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, discussed the current situation across global markets, with anticipation for a number of developments over the course of the week. The U.S. Inflation We can say that inflation levels are the main driver of …

Gold prices stabilized Monday, September 13th as the dollar rose, while investors were cautious ahead of US consumer price readings that could determine the Fed’s decision on when to begin tapering. Spot transactions settled at $ 1787.96 an ounce, while US gold futures fell 0.2% to $ 1789. The dollar …

Negative trading dominated gold prices after it failed to stabilize for a long time above the resistance level of 1803, which forced it to retest the support level at 1785. Technically, we see gold started to pressure on the 1785 support level, as we find the simple moving averages continue …

Gold surpassed $1,800 on Friday, boosted by bets that central banks may keep interest rates relatively low to stave off continuing risks to growth. But the dollar’s rise in general, with investors seeking indications about the timing of the schedule to reduce stimulus by the US Federal Reserve, kept gold …

Gold prices traded positively during the last session, canceling the negative outlook as we expected. We depended on trading stability below the 1799 resistance level to record the highest at 1801. Technically, and by looking at the 240-minutes chart, we find the simple moving averages continue to pressure the price …

Gold fell in Thursday morning trading in Asia, remaining near two-week lows. The strengthening of dollar index futures also contributed to the losses of the yellow metal, while investors are also awaiting the latest policy decision of the European Central Bank. Also, gold futures fell 0.21% to $1,789.75 after reaching …