Gold prices rose on Thursday and saw its best session performance since March, amid a decline in the U.S. Treasury bond yields and fluctuations by the U.S. Dollar (USD). Moreover, rising tensions between the United States and both Russia and China, improved demand for the yellow metal as a safe …
Read More »Gold Rises as Dollar And Yields Fall And All Eyes on US Economic Data
Gold prices rose Thursday, April 15th, supported by the weak dollar and declining US bond yields, while investors awaited the weekly US jobless claims report and March retail sales data for more clarity on the recovery of the world’s largest economy. Spot gold rose 0.5% to $1744.60 an ounce. US …
Read More »Gold Faces Strong Resistance
The yellow metal prices failed to surpass the level of the pivotal resistance published during the previous analysis, located at 1749, which forced gold to trade negatively again, to re-test the 1730 support level. On the technical side, trading remaining below the aforementioned resistance increases the possibility that we will …
Read More »Gold Closes Lower Pressured by Treasury Yields
Gold prices finished lower on Wednesday, due to a rise in U.S. Treasury bond yields, abolishing all of yesterday’s gains and settling below $1,740 an ounce. A decline by the U.S. Dollar (USD) across the board might have limited the yellow metal’s losses, which might have expanded as Bitcoin exceeded …
Read More »Gold Stabilizing After an Early Increase as Rising US Bond Yields Offset Falling Dollar
Gold prices stabilized after a rally in early trading on Wednesday, April 14th, as some increase in US Treasury yields offset the fall of the US dollar due to rising inflation. Gold settled in spot transactions at $1743.54 an ounce, after rising by as much as 0.3%. US gold futures …
Read More »Gold Retest Resistance And Positivity Remains
Gold prices found a solid support floor around 1723, which forced the price to rally up again to retest the 1747 resistance level. On the technical side today, and by looking at the 4-hour chart, we find gold succeeded in stabilizing intraday above 1736, and we see the 50-day moving …
Read More »Gold Rises for First Time in Three Sessions
Gold prices rose on Tuesday, following two consecutive daily declines, as the U.S. Dollar (USD) retreated following the release of inflation data. The yellow metal futures for June delivery gained $14.90, or 0.9%, to close at $1,747.60 per ounce. Yesterday, gold futures dropped by 0.7% to settle at their lowest …
Read More »Gold Settled as Market Awaits The US Inflation Data
Gold prices stabilized on Tuesday, April 13th, as participants in market operations continued to refrain from trading ahead of the release of inflation data in the United States, which is expected to shed more light on the recovery in the world’s largest economies. Gold was little changed in spot transactions …
Read More »Gold Continues Its Gradual Decline
Gold prices succeeded in achieving the first target required to be touched in the previous analysis, located at a price of 1727, recording its lowest price of 1727. On the technical side today, and with a closer look at the chart at a 240-chart, we find negative signs still dominating …
Read More »Gold Settles at Lowest Level in Week
Gold prices declined on Monday, opening the week with a negative performance amid a rise by the U.S. Dollar (USD) and Treasury bond yields. Gold futures for June dropped by $12.10, or 0.7%, to finish at $1,732.70 per ounce. This is the lowest closing level for the yellow metal most …
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