Tag Archives: Gold

Gold prices closed lower on Tuesday, posting its first decline in four sessions, amid news about positive results by COVID-19 vaccines. Gold futures for December delivery declined by $2.70, or 0.1%, and settled at $1,885.10 per ounce. Meanwhile, silver futures for December delivery decreased by 15 cents, or 0.6%, and …

Gold prices fell on Tuesday, November 17th, as market optimism about a possible second vaccine for Covid-19 balanced the dollar’s weakness and concerns about a rise in global coronavirus cases. Spot gold fell 0.1% to $ 1886.17 an ounce by 06:23 GMT, while US gold futures fell 0.2% to $ …

We committed to the intraday neutrality during the previous report due to the conflicting technical signals, explaining that the activation of short positions depends on a clear break of the 1890 support level, which puts the price under strong negative pressure to resume the bearish path with an initial target …

Gold prices rose on Monday for the third consecutive session, amid concerns about the new wave of the Coronavirus pandemic, despite positive news about the vaccine being developed by Moderna. Accordingly, gold futures for December delivery saw limited gains, closing higher by $1.60, or 0.08%, at $1,887.80 per ounce. Last …

Gold touched its highest level in a week on Monday, November 16, in light of the dollar’s decline, while the escalation of Coronavirus cases in the United States fueled concerns about the repercussions of the pandemic on the economic recovery, which supported hopes for more monetary stimulus. The spot price …

We remained neutral in the previous analysis due to the conflicting technical signals, with activation of long positions depends on confirming the breach of 1886, and from here we may witness a re-test of the previously broken support-into-resistance 1901, posting a high at 1899. Technically, looking at the 240-minutes chart, …

Gold prices rose on Friday, recovering some of its losses earlier in the week that saw the announcement of the success of a new Coronavirus vaccine being developed by Pfizer and BioNTech. Gold futures for December delivery rose by $12.90, or 0.7%, and settled at $1,886.20 per ounce. For the …

Gold prices stabilized in a narrow range today, Friday, supported by concerns about the economic consequences resulting from the escalation of Covid-19 cases, but the yellow metal is heading towards its first weekly loss since September, as it boosted hopes for a vaccine for high-risk assets earlier this week. With …

The movements of the yellow metal witnessed positive attempts during the previous trading session and are still limited, targeting a re-test of the 1882 resistance level. Technically, we notice a contradiction between the technical signals, and by looking at the short time intervals, we find that the RSI indicator is …

Gold prices rose on Thursday, amid increased concerns about the rising number of Coronavirus cases in the United States. The US recorded a record 200,000 cases of COVID-19 in a single day, the highest on record. The rise of the yellow metal comes as the US Dollar (USD) is also …