Gold prices fell on Tuesday, April 20, after hitting a seven-week high in the previous session, as US bond yields favored a recovery in the face of support represented by the weakening of the US dollar. Gold fell in the spot market 0.1% to $1768.01 an ounce, after hitting $1789.77 …
Read More »Gold Touches Target And Retest of The Support Still Intact
Gold prices were able to continue achieving gains, as we expected during the previous trading session, approaching a few points difference from the first official leg located at 1794, to record its highest level of 1790. Technically, and with a closer look at the 60-minute chart, we find that the …
Read More »Gold Closes Lower Following Large Weekly Gains
Gold prices closed lower on Monday, after recording its best weekly performance since December 18 last week. The yellow metal’s decline comes despite the decline of the U.S. Dollar (USD) near its lowest level in about six weeks. Gold futures for June delivery decreased by $9.60, or 0.5%, to finish …
Read More »Gold Rises as Demand Increases Due to The Fall of The Dollar And Bond Yields
The gold rose on Monday, hovering near a seven-week high it reached in the previous session, as prices were supported by the drop in the dollar and the decline in US Treasury bond yields. Spot gold rose 0.1% to $1777.65 an ounce, after hitting its highest level since February 25 …
Read More »Gold Continues to Rise
Gold prices succeeded in achieving the positive outlook, as we expected in the previous analysis, touching the first official stop at the price of 1777 and approaching a few points from the legal target of 1790, to settle for recording its highest level of 1783. On the technical side today, …
Read More »Gold Futures Post Best Weekly Gains in 2021
Gold prices rose on Friday for the second consecutive session to expand their strong weekly gains. A fluctuating performance by the U.S. Dollar (USD) and a decline in Treasury bond yields helped the yellow metal notch its biggest weekly rise since the beginning of the year. Gold futures for June …
Read More »Gold Hovering Near a 7-Week High as US Bond Yields Decline
Gold prices stabilized today, Friday, near their highest levels since late February, and is on the path of achieving the second consecutive weekly gain, supported by the decline in US Treasury revenues and the weakness of the dollar. Gold settled in spot transactions at $1,762.70 an ounce, with the beginning …
Read More »Gold Continue to Recover And Positivity Remains
Gold prices rose significantly, nullifying the negative outlook, as we expected during the previous analysis, touching the stop-loss order published during the previous analysis at the price of 1750. Offsetting the losses of the sell position. On the technical side, today the intraday moves in gold are witnessing stability above …
Read More »Gold Surges on Geopolitical Tensions and Treasury Yields Decline
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 …
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