Tag Archives: Gold

Gold prices finished higher on Tuesday after PMI data showed continuous expansion in the U.S. services sector but at a slower pace in June after recording a new high in May. A drop in the U.S. Treasury bond yields also provided support for the yellow metal, as the 10-year and …

Gold prices rose 1% on Tuesday after it crossed the $1,800 barrier, supported once again by a weak dollar, as investors’ eyes turned to the minutes of the Federal Reserve’s June meeting to elicit more indications about the monetary policy decision. Spot gold rose 0.8 percent to $1,805.51 an ounce …

Positive trading dominated gold’s movements during the early trading of the ongoing session, attacking the resistance level of 1800, a psychological barrier, to reach the top of 1802. Today’s technical analysis indicates the possibility of continuing the rise, with the price breaking through the 1797 resistance level, 50.0% correction, in …

Gold maintained a positive performance for the third session in a row on Friday to finish the week on a rise for the second consecutive week. The yellow metal futures for August delivery gained $5.60, or 0.38%, to finish at $1,783.30 per ounce, its highest since June 23. Gold gained …

Gold rose Friday, July 2nd, boosted by concerns surrounding the spread of the delta strain of the coronavirus, while investors awaited US non-farm payrolls data as it could influence the timing of the Fed’s policy shift. And gold rose in spot transactions 0.1% to $ 1778.52 an ounce. Gold is …

We adhered to intraday neutrality during the previous analysis, due to the exposure of technical signals, to find that gold prices collided with the strong resistance level published during the previous report at 1782, which we mentioned to represent one of the most important trend keys for the current trading …

Gold prices rose on Thursday for the second consecutive session, amid the U.S. Dollar (USD) continued rise to its highest level in about three months, on the back of positive economic data. Gold futures for August delivery increased by $5.20, or 0.30%, to close at $1,776.80 per ounce. Over the …

Gold prices rose today, Thursday, July 1, as concerns about the most contagious delta strain of the Coronavirus boosted the yellow metal’s appeal as a safe haven, ahead of US jobs data, which is an important factor in the US Federal Council’s policy outlook. Spot gold rose 0.4% to more …

Gold prices found a good support level around 1753, which forced the price to rebound to the upside, to find gold prices hovering around its highest level during the Asian session 1776. Technically, and carefully looking at the 4-hour chart, we found a conflict between the negativity of the stochastic …

Gold prices rose on Wednesday, amid the U.S. Dollar (USD) decline across the board, but showed a varied performance on the monthly and quarterly levels. The yellow metal’s front month contract for July delivery added $8.00, or 0.45%, to settle at $1,770.80 per ounce. This marked the biggest daily gain …