Gold prices finished lower on Tuesday, as the U.S Dollar (USD) and Treasury bond yields rebounded from recent declines. However, the yellow metal was able to recover from session lows but still closed at its lowest level since April 14. Front Month Gold futures for July delivery lost $17, or …
Read More »Gold Falls Due to The Strength of The Dollar and The Tendency of US Fed to Raise Interest Rates
Gold prices fell on Tuesday, June 29, hovering near the lowest level in a week, which it reached in the previous session, as it was pressured by the rise of the dollar and fears that the US Federal Reserve will tighten its monetary policy earlier than expected. Spot gold fell …
Read More »Gold Continues to The Downside
Gold prices managed to touch the first target that is required to be achieved during the previous analysis, which is located at 1770, recording its lowest level at 1770. Today’s technical vision indicates the possibility of continuing the descending wave, relying on the price stability below the strong resistance 1785, …
Read More »Gold Closes Higher as USD Wanes
Gold futures finished higher on Monday, as the U.S. Dollar (USD) showed a relatively weak performance at the beginning of the week. Markets are anticipating key economic data this week, with some analysts seeing the yellow metal possibly restoring the $1,800 level. Gold futures for August delivery gained $2.90, or …
Read More »Dubai TV Interview, June 28, 2021
Speaking to Dubai TV on Monday, Mohamed Hashad, Director of Research and Development at Noor Capital, explained the recent developments impacting global markets, with anticipation for the upcoming events. Where are US stocks headed and will oil continue to rise? This and more in the next report. US Stocks The …
Read More »Gold is Stable Below Resistance And Negative Pressure Remains
Gold prices ended their daily and weekly trading below the 1790 resistance level, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the simple moving averages continuing their negative pressure on the price …
Read More »Gold Finishes Higher to Snap Three-Week Losing Streak
Gold prices rose modestly on Friday, as the U.S. Dollar (USD) declined across the board, finishing the week higher for the first time in four weeks. The rise in U.S. inflation provided support for gold amid mixed expectations for interest rates. Gold futures for August delivery gained by $1, or …
Read More »Gold Settles Below Resistance And Negativity Remains
For the third consecutive session, gold prices fail to stabilize above the pivotal resistance level published in the previous analysis, located around 1880/1882, which forced the price to trade negatively again within the bearish context. On the technical side, today, and carefully looking at the 240-minute chart, we find the …
Read More »Gold Closes Lower Following U.S. GDP Data
Gold prices declined on Thursday, as the U.S. Dollar (USD) rebounded against major currencies, following the release of positive economic data. Positive data also led to improved expectations for economic recovery, reducing demand for safe haven investments. Gold futures for August delivery fell by $6.70, or 0.38%, to finish at …
Read More »Gold Finds Selling Pressure And Settles Below Resistance
The resistance level published during the last analysis, located around 1797, was able to limit the bullish tendency witnessed by gold prices yesterday, which forced it to trade negatively again within a gradual decline to the downside approaching by a few points from the first official target 1770, recording its …
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