Tag Archives: Gold

Gold prices declined on Friday, as the U.S. Dollar (USD) returned to the positive territory scoring some gains against major currencies. However, the yellow metal was able to register weekly gains, supported by the prospects of increased government stimulus spending the United States. Gold futures for February delivery declined by …

Gold fell on Friday, January 22nd as US Treasury yields rose, but the yellow metal is on track to record its best weekly performance in five weeks, supported by hopes of a major stimulus in the United States. Gold fell in immediate transactions 0.6% to 1859.10 dollars an ounce, retreating …

Gold prices failed to breach the resistance level of 1872, which we mentioned during the last analysis that it represents one of the directional keys to witness the current movements of gold, a slight downward slope that is stable below 1872. On the technical side today, negative signs started appearing …

Gold prices declined marginally on Thursday, after closing yesterday at their highest level in about two weeks. This comes despite the continuous retreat of the U.S. Dollar (USD) amid expectations for increased government stimulus by the new Biden administration in the United States. Gold futures for February delivery lost 60 …

Gold rose Thursday, January 21, to its highest level in nearly two weeks, with the dollar retreating due to hopes for more stimulus after the new US administration headed by Joe Biden took power, although some profit-taking limited the gains of the precious metal. Spot gold rose 0.1% to $ …

The strong resistance levels published during the previous analysis, located at 1856, were able to limit the upward slope in the middle of European trading, which forced gold to retreat targeting a retest of 1832, so gold collides again with the support level of 1838, to push it into a …

Gold prices rose on Wednesday to close at their highest level in about two weeks, amid anticipation for increased stimulus spending in the United States by the new administration of President Joe Biden. The rise of the yellow metal came as the U.S. Dollar (USD) declined, after shortly rising earlier …

Gold prices rose today, Wednesday, as the dollar retreated after Janet Yellen, a candidate for the position of US Treasury Secretary, stressed the need for a major stimulus to help the economy recover from the Coronavirus crisis, which boosted the demand for the yellow metal as a hedge. On Tuesday, …

Positive trades dominated the gold price movements during the morning session of the current session, recording its highest level at 1850. On the technical side, and by looking at the 240-minute chart, we find gold is stable above the support level of 1838 represented by the 38.20% Fibonacci correction accompanied …

Gold prices rose on Tuesday, recovering some its recent losses, as the U.S. Dollar (USD) turned to the negative territory ahead of the inauguration of the President-elect of the United States, Joe Biden. The decline of the USD and the rise of the yellow metal are attributed to the expected …