Gold prices declined on Thursday as the Treasury yields in the United States continued to rise and with the U.S. Dollar (USD) showing some rebound signs. The yellow metal futures for February delivery closed lower by $3.50, or 0.2%, at $1,851.40 per ounce. Meanwhile, silver futures for March delivery gained 23 …
Read More »Gold Falls With The Rise of US Dollar And US Treasury Yields
Gold prices fell Thursday, January 14th, as US Treasury yields and the dollar rebounded, while investors awaited details about the next US President Joe Biden’s proposal to stimulate the economy. In spot transactions, gold fell 0.1% to $ 1842.51 an ounce, while US gold futures fell 0.8% to $ 1839.80. …
Read More »Gold: Negative Pressure Remains in Place
The yellow metal witnessed a bearish tendency during the morning trading of the current session within the bearish context as we expected, in which we relied on confirming the break of 1843, indicating that this would facilitate the task required to visit 1836 then 1826 to record its lowest level …
Read More »Gold Prices Close Higher with Investors Turning Eyes to Impeachment
Gold prices rose on Wednesday, after data showed an increase in the inflation rate in the United States and amid anticipation for what could be the second impeachment of President Donald Trump by the House of Representatives. Gold futures for February delivery gained $10.70, or 0.6%, and closed at $1,854.90 …
Read More »Gold Rises as Dollar Rally Stops
Gold rose today, Wednesday, as the dollar and US Treasury yields declined, while the prospect of a massive financial stimulus in the United States boosted the appetite for the yellow metal as a hedge against inflation. Spot gold rose 0.1% to $1,857 an ounce, while US gold futures gained 0.8% …
Read More »Gold Looking for Extra Momentum
Gold prices managed to touch the first target to be achieved mentioned in the previous analysis, which is located around the support level of 1837, recording its lowest levels during the previous trading session at 1836. Technically speaking, prices benefited from touching the support level represented by the target of …
Read More »Gold Returns to Decline Even as USD Rebound Stops
Gold prices declined on Tuesday, giving up gains seen earlier in the second session of the week. The downward trend of the yellow metal continues even as the U.S. Dollar (USD) is returning to the negative territory. Gold futures for February delivery lost $6.60, or 0.4%, to close at $1,844.20 …
Read More »Gold Winning as Stocks Fall Due to Troubles in Washington And Vaccine Distribution Slows
Gold rose today, Tuesday, to recover from its lowest level in six weeks that touched it in the previous session, as stocks fell due to political turmoil in Washington and the slow pace of vaccination with anti-Covid-19 vaccines around the world. Gold rose in immediate transactions 0.8% to 1860.10 dollars …
Read More »Gold Facing Negative Pressure
Gold’s movements witnessed a slight bullish tendency during the previous session’s, but there was limited positive trades targeted a re-test of 1865. On the technical side, we find Stochastic continues to losing bullish momentum gradually, and this comes in conjunction with the negative signs coming from the RSI. From here, …
Read More »Gold Closes Higher on Rising Demand
Gold prices rose on Monday, supported by an increased demand following the recent decline and despite the U.S. Dollar (USD) showing some rebound signs. The yellow metal futures for February delivery gained $15.40, or 0.8%, to finish at the level of $1,835.40 per ounce, opening the week with a positive …
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