Gold prices have gone back and forth during Monday’s trading session, and continued to hang out above the $1750 level.Investors continue to pay close attention to interest rates in the U. S, as they will have a massive influence on what happens next.A breakdown below the $1750 level could send …
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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. ECB Hashad explained that we had seen a lot of hints from the European …
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Gold fell in Monday morning trading in Asia, as the US Federal Reserve is expected to start reducing asset purchases on schedule despite the disappointing data in the latest US jobs report. Gold futures were also down 0.14% at $1,754.95 by 12:14 AM ET, with the yellow metal hitting a …
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Gold’s movements witnessed positive trading at the conclusion of the last week’s trading after it received a strong push to the upside as a result of the US dollar’s decline. We indicated during that trading above 1770 is able to thwart the bearish bias and lead gold to achieve gains …
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The NFP report, Friday, crowned all market related news given its impact on the U. S. Fed’s tapering and consequently its impact on the U. S. economy and currency.The Dow Jones Industrial Average hovered around the flatline but finished a volatile week with its strongest gains since June. Volatility returned …
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The job data announced Friday by the Labor Department imply more dollar-printing from the Federal Reserve until investors have a rethink.While America gained only 194,000 positions in September, upside revisions and silver linings such as temporary Delta-related halts changed the direction.As the expectation for Fed’s tapering has become lower, the …
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Gold settled, ahead of the non-farm payrolls data in the United States, as some analysts expect strong data that reinforces bets on scaling back economic stimulus and push the yellow metal further down. And gold rose in spot transactions 0.1 percent to $ 1757.30 an ounce, while US gold futures …
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The pivotal resistance at 1768 managed to limit the bullish bias, and the gold price failed to breach it over several consecutive sessions. Today’s technical aspect indicates fluctuation within a sideways range between the 1768 resistance level, the 61.80% Fibonacci correction, and the 1747 support level. By looking at the …
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Market attention now shifts to the U. S. Nonfarm Payroll data. U. S. Fed Chief Jerome Powell has said that a good employment report could be enough to convince him on tapering.Markets are in a better mood on Thursday, amid news that U. S. Senate’s deal on extending the debt …
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Gold for December delivery fell $2.60 to $1,759.20 per ounce. Silver for December delivery rose 13 cents to $22.66 an ounce and December copper rose 9 cents to $4.24 a pound.The U. S. dollar rose to 111.63 Japanese yen from 111.44 yen. The euro was unchanged at $1.1550.Benchmark U.S. crude …
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