Tag Archives: Gold

Gold prices decline on Monday, as the US Dollar (USD) rose across the board on concerns about a new variant of the coronavirus. Gold futures for February delivery decreased by $6.10, or 0.3%, to finish at $1,882.80 per ounce. The yellow metal failed to gain enough support from the recently …

Gold rose today, Monday, to its highest in six weeks, boosted by news that leaders of the US Congress have reached an agreement on an aid package linked to the Coronavirus, while the appetite for higher-risk assets is undermined by lockdown measures in Britain, which increased support for the metal. …

Gold opened its first weekly trading with a noticeable rise after the US Congress approved the US $900 billion stimulus package, which pushed gold prices to touch the resistance level of the psychological barrier of 1900 during the Asian session for the current session. Technically speaking, with the price consolidating …

Gold prices closed lower on Friday, limiting their weekly rise, which was mostly supported by the decline of the US Dollar (USD). The yellow metal futures for February delivery lost $1.50, or 0.1%, to finish at $1,888.90 per ounce. For the week, gold futures gained about 2.5%. Today’s decline of …

Gold prices retreated as the dollar rebounded after growing hopes of approval of stimulus in the United States led gold to rise for three days, putting the yellow metal on the path of achieving gains for the third week in a row. And gold in spot transactions fell 0.1% to …

Gold trading witnessed positive movements during the previous trading session within the bullish path, as we expected, surpassing the target required to be achieved at 1882/1883, recording the highest of 1896. Technically speaking, the pair is based above the previously breached resistance-into-support at 1875/1773 and this considered as a positive …

Gold prices rose on Thursday, amid a strong decline by the US Dollar (USD) after the release of the Federal Reserve policy statement, which vowed to continue easing the monetary policy. Gold futures for February delivery added $31.30, or 1.7%, to close at $1,890.40 per ounce. The yellow metal futures …

Gold prices reached a week high on Thursday, December 14th, as progress in reaching an agreement on fiscal stimulus in the United States pressed the dollar, while the yellow metal received more support thanks to the US Federal Reserve’s pledge to keep interest rates low until the economy recovers. In …

Mixed trades dominated gold prices, but trading tended to be positive, heading to touch the first target expected to be achieved during the previous analysis, located at the price of 1867, its highest level during the morning trading of the current session 1868. On the technical side, we find gold …

Gold prices rose on Wednesday, amid anticipation for a new stimulus package in the United States. The yellow metal futures for February delivery rose by $3.80, or 0.2%, to close at $1,859.10 per ounce. This is the highest closing level for gold futures since December 8.