Gold prices fell as investors preferred alternative safe-haven assets such as the US dollar and bonds after Turkey’s surprising decision to appoint a new central bank governor who was known to criticize high interest rates, which led to uncertainty over fiscal policy. Gold fell in the spot market 0.5 percent …
Read More »Gold Looking For a More Powerful Trend
Mixed trades are still dominating gold prices as a result of the price retreating from the bottom above the 1720 support level and from below the 1747 resistance level. On the technical side today, and by looking at the 4-hour chart, the glory of the 50-day moving average will hold …
Read More »Gold Finishes Higher Extending Weekly Rise
Gold prices rose on Friday, extending their weekly gains, amid increased demand from investors. The yellow metal futures for April delivery gained $9.20, or 0.5%, to close today’s session at $1,741.70 per ounce. For the week, gold futures gained about 1.3%.
Read More »Gold Gaining Ground on the Decline of The Dollar and US Bond Yields
Gold is on the path of achieving its second consecutive weekly gain today, as it is supported by a slight decline in the dollar and US Treasury revenues. Spot gold rose 0.3% to $1740.99 an ounce. And the yellow metal is up more than 0.6 percent since the beginning of …
Read More »Gold Has Random Moves and Pending Orders Awaits
Mixed trades dominated the movements of the yellow metal within a stable random context from above below the resistance at 1755 and from below above the support at at 1720. On the technical side today, we find the 50-day moving average pressuring the price from the top, in addition to …
Read More »Gold Declining Amid Higher Yields, Stronger US Dollar
Gold prices fell today as the dollar held on to the gains it achieved in the previous session on the back of a rise in US Treasury yields, while the safe-haven metal was under heavy pressure due to the Fed’s expectations of a strong economic recovery. In spot trading, gold …
Read More »Gold Recovers from Earlier Losses and Finishes Higher
Gold prices rose on Thursday, recovering from their losses earlier in the session due to the rise in Treasury bond yields, supported by the recent expectations of the Federal Reserve. The surge in Treasury yields, which were fueled by expectations of a rise in inflation above 2% this year and …
Read More »Gold Falling Dramatically
Gold fell surprisingly after reaching its highest level, with severe selling pressure and the survival of trading below 1730, which may increase selling pressure… to be updated…
Read More »Gold Touches Its Highest Level in Two Weeks After The US Federal Reserve
Gold prices rose Thursday, March 18th, to the highest level in more than two weeks after the US Federal Reserve pledged to keep interest rates near zero until 2023, but the gains of the yellow metal, which is considered a safe haven, were limited by the bank’s expectations of a …
Read More »Gold Settles Lower but Rises Following Fed Statement
Gold futures settled lower on Wednesday, as rising U.S. Treasury bond yields pressured the yellow metal ahead of the release of the Federal Reserve policy statement. Gold futures for April delivery declined by $3.80, or 0.2%, to finish at $1,727.10 per ounce. After the Federal Reserve announced its decision to …
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