Tag Archives: Gold

We maintained our intraday neutrality during the previous analysis, indicating that we prefer to confirm the breach of the support level of 1685, in order to resume the decline. Technically speaking, and by looking at the 4-hour chart, we find gold prices found a good support floor around 1690, and …

Gold prices declined on Friday, extending their weekly losses as the U.S. Dollar (USD) strengthened and higher Treasury yields continued to drive away demand from the yellow metal. The first week of March continues on the negative performance of last month, as February saw the worst performance for gold futures …

Gold fell today to its lowest level in nearly 9 months and is heading towards a decline for the third week in a row, as the dollar and bond yields rose after statements by Federal Reserve Chairman Jerome Powell, who said that the increase in returns does not disturb the …

Gold prices incurred heavy losses during the previous trading session, within the expected downward trend, touching the required official target at 1688. On the technical side today, and with a closer look at the 4-hour chart, we find the price now hovering around pivotal support levels of 1690, Fibonacci retracement …

Gold prices declined on Thursday, as the U.S. Dollar (USD) continued to rise due to rising Treasury yields. U.S. Treasury bond yields continued to rise today, as Federal Reserve Chairman Jerome Powell suggested that the Fed is closely monitoring changes in the bond market but said that current increases are …

The Turkish lira weakened on Thursday (March 4th) and reached a level of 7.5 for the first time since January 18, under pressure from global concerns about rising US Treasury yields and concern over rising inflation in Turkey. The Turkish lira fell against the dollar to 7.5145 compared to 7.4550 …

Gold prices rose Thursday, March 4th, recovering from the lowest level in nearly nine months recorded in the last session, but the US Treasury bond yields that are rising continued to put pressure on the yellow metal, which does not yield a return. Spot gold rose 0.5% to $1719.21, after …

Strong negative trades dominated gold prices during the previous trading session within the expected bearish context, gradually approaching the target of 1697, recording the lowest price of 1700. On the technical side today, the intraday trading remains below 1620 and the most important 1626 supports the negativity. By looking at …

Gold prices declined on Wednesday, closing at their lowest level in about nine months, amid the rise of Treasury yields and the U.S. Dollar (USD). The yellow metal futures for April delivery closed lower by $17.80, or 1%, at the level of $1,715.80 per ounce. This is the lowest finishing level …

Gold prices fell on Wednesday, March 3, to fall for the sixth session in seven sessions, as the yellow metal, which does not yield a return, has been under pressure due to expectations that US Treasury revenues will rise thanks to more economic stimulus. Spot gold fell 0.3% to $1732.51 …