Tag Archives: Gold

Gold prices rose Thursday, November 12th, after falling by more than 1% in the previous session, after the impact of fears of the economic repercussions of the increase in cases of Covid-19 outweighed positive developments regarding a vaccine for the disease. By 05:49 GMT, spot gold prices rose 0.2% to …

The bearish momentum continues to dominate gold’s movements within the expected bearish path, trying to break the bottom mentioned during the previous analysis, located at 1860, to record its lowest level at 1856. technically, the current trading is still stable below the resistance level of 1880, and with a closer …

Gold prices declined on Wednesday, returning to losses after a brief recovery on Tuesday, as demand for the yellow metal decreased since news about the COVID-19 vaccine success emerged. In addition, a rise by the US Dollar (USD) across the board, led to the precious metal price decline. Gold futures …

Gold rose on Wednesday, November 11th, thanks to a weak dollar as investors study the logistical challenges surrounding the massive production of a potential Covid-19 vaccine in light of the increase in new virus infections, which strengthens the bet on greater economic support. And gold rose in the spot market …

Positive attempts in yellow metal to reduce its recent losses within a limited upward tendency aimed at re-testing the 1890 resistance level. Technically, by looking at 60-minute chart, we find that the stability of the intraday trading below 1890 constitutes a negative pressure on the price, as we find the …

Gold prices rose on Tuesday, recovering some of its losses yesterday, which were the biggest in a single day in about seven years. Dropping gold prices in the first session of the week came amid high hopes for the success of the Coronavirus vaccine being developed by Pfizer and BioNTech. …

Gold rose 1% Tuesday, November 10, after a sharp decline in the previous session, with the return of focus to the possibility of taking more monetary stimulus measures to revive a global economy still suffering from the repercussions of the Covid-19 pandemic. By 06:05 GMT, spot gold had jumped 1.1% …

The yellow metal prices incurred huge losses, declining to lose $ 115, recording its lowest level at 1850. Technically, we find that the price is stable below the previously broken pivot support-into-resistance 1901, 61.80% Fib retracement, and the SMA 50 is pressing the price from the top. Therefore, we believe …

Gold prices declined on Monday, opening the week with its biggest daily drop in more than seven years. Demand for safe havens decreased with news about positive trials for a new vaccine against the Coronavirus. Earlier today, Pfizer and BioNTech announced that a vaccine that they are developing is 90% …

Gold prices rose Monday, November 9, to their highest level in nearly two months, driven by the weakening of the dollar and hopes for more stimulus measures due to the Corona virus, under President-elect Joe Biden. Spot gold increased 0.5% to $ 1960.99 an ounce by 05:18 GMT. Earlier in …