Tag Archives: Gold

Gold prices were about to touch the first target at 1740, few points shy from the second target 1747, to set its highest level during the previous trading sessionn at 1745. Technically speaking, with the intraday trading remaining above 1728, accompanied by the positive stimulus of the 50-day moving average, …

Gold prices rose on Tuesday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields, nearing a return to the $1,750 level and closing at its best level in about five weeks. The yellow metal futures for June delivery gained $14.20, or …

The yellow metal prices took advantage of the decline of the US dollar to settle above the psychological barrier of 1700, as part of positive attempts to target a re-test of 1735. On the technical side today, the stability of trading above the sub-support level 1721/1720 increases the possibility of …

Gold prices showed a mixed performance on Monday, finishing the first session of the week on the positive side with marginal gains, recovering from earlier daily losses. Despite a decline in the demand for safe havens, amid an improved risk appetite among investors, supported by the recent economic data that …

Gold prices fell on Monday, April 5, as US Treasury yields rose and global stocks rose after better-than-expected jobs data in the United States fueled optimism about a rapid economic recovery. Gold was down in spot trading 0.3% to $1723.16 an ounce. US gold futures settled at $1761.20 an ounce. …

Gold prices rose on Thursday for the second consecutive sessions, amid a decline by the U.S. Dollar (USD) after data showed a surge in jobless claims in the United States. The yellow metal futures for June delivery rose by $12.80, or 0.8%, to close at 1,728.40 per ounce. During the …

Gold rose again Thursday, April 1, from a three-week low it reached in the previous session, as the US dollar and Treasury yields declined, while President Joe Biden’s plan of more than $2 trillion for jobs provided further support for the yellow metal’s appeal as a hedge against inflation. And …

The yellow metal prices recovered during the previous trading session, nullifying the negative outlook as we expected, in which we depended on the stability of trading below the level of 1691 touching the stop-loss order published in the previous analysis, The return of price stability above 1691, a correction of …

Gold futures rose on Wednesday, supported by the decline of the U.S. Dollar (USD) across the board. Nevertheless, the yellow metal futures continue to be impacted by the strong USD and high Treasury bond yields, which reflected negatively on gold’s performance during the first quarter (Q1) of the year. Gold …

Gold rose in volatile trading on Wednesday, March 31st, but the yellow metal is still heading for the biggest quarterly decline since December 2016, with the rise in US Treasury yields and the dollar undermining the charm of safe-haven status in gold. An increase of 0.1% to $ 1686.65/ounce in …