Tag Archives: Gold

In the face of shifting risk appetite patterns and the FOMC Minutes’ lack of surprises, the dollar somewhat weakened on Wednesday. Meanwhile, speculation about when the Fed could cut interest rates for the first time continued to drive general market mood. In the context of continued increases in riskier assets, …

Yesterday, gold prices maintained their upward trajectory, aligning with the anticipated positive outlook. The precious metal touched the first target at $2027 and surged to reach a peak of $2031 during the early trading session today. Technical Analysis Perspective Analyzing the 240-minute time frame chart reveals that gold successfully retained …

Gold prices maintained stability on Tuesday, resilient to a surge in the dollar and Treasury bond yields. Investors awaited insights from the Federal Reserve’s latest meeting minutes for potential clues regarding interest rate cuts. At 0341 GMT, the spot price of gold settled at $2,018.03 per ounce, with most US …

Gold’s efforts to secure gains persist, albeit within constrained limits. The precious metal finds itself grappling with stabilization above the pivotal 2016 level, a critical determinant of medium-term trends, with prices reaching as high as $2023 per ounce. Technical Analysis Highlights Consolidation Efforts Today’s technical analysis, focusing on the 240-minute …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented on the key developments across financial markets and the performance of the most important assets, in an interview on Dubai TV. Asked about the reasons why US stocks have recently …

On Monday, gold prices rallied, edging closer to the highest levels seen in a week, buoyed by a slight retreat in the US dollar and escalating tensions in the Middle East, fostering demand for safe-haven assets. As of 0335 GMT, spot gold surged by 0.4 percent to $2,021.09 per ounce, …

Gold touched $2015 per ounce earlier on Friday, supported by the softer US dollar and rising US Treasury yields in the face of ongoing inflationary signals. The price of an ounce of the precious metal is $2012.51 at the time of writing.US PPI and Core PPI beat estimates, suggesting persistent …

Gold’s Rebound Efforts:Gold prices showed signs of a temporary recovery in yesterday’s trading session, buoyed by a decline in the US dollar following the release of US retail data. The precious metal reached its highest level at $2008 per ounce, reflecting shifting market dynamics. Technical Analysis Insights:Examining the 4-hour time …

The Atlanta Fed GDPNow estimates for first-quarter growth dipped to 2.9% from 3.4%. Atlanta Fed GDPNow’s report reads as follows: “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.9 percent on February 15, down from 3.4 percent on February …

During the previous trading session, gold prices experienced subdued movements, remaining within the anticipated bearish corrective trajectory outlined in the preceding technical report. The precious metal recorded its lowest level at $1984 per ounce. Technical Analysis Insights: Analyzing the 4-hour timeframe chart, gold prices have notably breached a crucial support …