Tag Archives: Gold

Gold fell on Monday, January 11th, to touch its lowest level in six weeks earlier in the session, as prices remain under pressure due to the rise in the dollar and US Treasury yields. Gold fell in immediate transactions 1.7% to $1816.53 an ounce, its lowest level since the second …

Gold prices incurred heavy losses at the end of last week’s trading within the aforementioned bearish context, in which we relied on confirming the breach of the psychological barrier support level of 1900, surpassing the required target of 1880, to record the lowest at 1817 during early trading for the …

Gold prices declined on Friday, seeing their worst daily losses since last November, amid another surge in U.S. Treasury yields and the rebound of the U.S. Dollar (USD). Gold futures for February delivery dropped by $78.20, or 4.1%, and finished at $1,835.40 per ounce. Giving up the $1,900 mark, this …

Gold fell on Friday, January 8th, as the dollar and US Treasury yields rose, but hopes for additional stimulus in the world’s largest economy kept the yellow metal on track for gains for the second week in a row. Spot gold fell 0.3% to 1,907.66 dollars but it has risen …

Negative trading is dominating the yellow metal’s movements after finding a strong resistance around 1927 which mentioned in the previous analysis, located at 23.60% Fibonacci retracement. Technically speaking, we see the intraday movements settled around the lowest level during the morning at 1906, and by looking at the chart, we …

Gold prices rose on Thursday, recovering some of its big losses on Wednesday, which were due to the surge in Treasury yields in the United States and were the first in a week. With Democrats taking over a majority in the U.S. Senate, more fiscal stimulus spending is expected, which …

Gold prices rose Thursday, January 7th, as a democratic sweep of the re-election in Georgia boosted expectations of additional US stimulus, although the rise in Treasury yields curbed the yellow metal to below a two-month high it reached in the previous session. Gold advanced in spot transactions to more than …

Mixed trades dominated the movements of the yellow metal in the previous session, to touch the first target to be achieved mentioned in the last analysis at 1956, posting a High at 1959. On the technical side, prices witnessed strong declines as a result of approaching the resistance level 1960, …

Gold prices dropped on Wednesday, due to the surge in Treasury bond yields in the United States to their highest level since March of last year. The yellow metal futures for February delivery declined by $45.80, or 2.3%, to close at $1,908.60 per ounce. Meanwhile, silver futures for March delivery …

Gold prices hit a two-month high on Wednesday, with the dollar retreating due to growing expectations that Democrats will win the run-off in the US Senate elections in Georgia, which is likely to support the adoption of additional fiscal stimulus packages. During the session, gold rose in spot transactions to …