Tag Archives: Gold

Gold prices rose on Tuesday and reached their highest levels in nearly four months during the session, supported by the weakening of the US dollar and investors’ use of the metal, which does not yield a return, to hedge against rising inflation. Spot gold rose 0.2% to $ 1868.30 an …

The yellow metal prices jumped to achieve noticeable gains with the beginning of the first weekly trading, recording its highest level of 1873 during the early trading of the current session. On the technical side today, and by looking at the 4-hour chart, we find the simple moving averages continue …

Gold prices rose on Monday to reach a new level that is their highest in about four months, amid a decline in global stock markets and a subsequent increase in the demand for safe haven assets. In addition, a decline in the U.S. Dollar (USD) amid mixed expectations about interest …

Gold prices rose on Friday, as the U.S. Dollar (USD) declined, further increasing their second consecutive weekly gains. The yellow metal futures managed to finish the week at their best level in about three months. It is worth noting that a recent surge in Treasury bond yields, due to fears …

Gold futures rose during the European session on Friday. According to the COMEX, New York Mercantile Exchange, gold futures traded in June at $1834.05 an ounce at the time of writing, up 0.55%. It previously traded at a session high of $1837.50 an ounce. Gold may find support points at …

Gold prices increased Friday, May 14, on the back of the dollar’s decline, but the gains were limited after data showed a rise in inflation in the United States, which fueled fears of a faster rate hike than expected. The spot price of gold rose 0.2% to $1829.61 an ounce. …

Gold prices were able to touch the expected official target we mentioned in the previous analysis, located at 1807, recording its lowest level at 1808. Technically, and with a closer look at the 4-hour chart, we find the stochastic indicator began to gradually lose the bullish momentum, in addition to …

Gold prices achieved the target of the bearish corrective tendency we mentioned in the previous analysis at 1815 posting a low of 1817. On the technical side, today we are in front of a technical conflict between the clear negative features on the stochastic indicator, which supports the continuation of …

Gold prices declined on Tuesday, following four consecutive rises, amid an increase in Treasury bond yields in the United States. The yellow metal futures for June delivery closed marginally lower by $1.50 at $1,836.10 per ounce. The decline comes after gold’s most active contract rose on Monday to its highest …

Negative trading dominated gold prices in the context of the re-test published during the previous analysis, after it found it difficult to breach the resistance level of 1843, to record its lowest level at 1831. On the technical side today, and with a closer look at the 60-minute chart, we …