Gold moves tended to be positive, benefiting from building a base on 1882 support, as the current moves witness attempts to recover and consolidate above the 1901 resistance level. Technically, we note that the 50-day moving average provides a positive motive in conjunction with the clear positive signals on the …
Read More »Gold Settles on Lower Note
Gold prices declined on Wednesday, as markets anticipate the outcomes of the US presidential elections. Gold futures for December delivery closed lower by $2.30, or 0.1%, at $1,908.10 per ounce. Silver futures for December delivery finished lower by 14.4 cents, or 0.6%, at $24.19 per ounce.
Read More »Gold Falls With Dollar In Favor
Gold prices fell on Wednesday, as the dollar rose after preliminary results from the US presidential elections showed a close convergence than expected. US President Donald Trump winning in Florida and advancing in several other states. Gold Spot fell 0.5% to 1898.97 dollars an ounce, reducing losses by more than …
Read More »Gold Continues to Struggle, All Eyes on The Election Results
Gold moves witnessed positive attempts within an irregular path, in light of the increasing uncertainty about the US election results, to record a high of 1916 and a low of 1882. Technically, prices were unable to stabilize above the resistance level of 1901, Fibonacci retracement of 61.80%, and we see …
Read More »Gold Settles At Highest Level in Week
Gold prices finished at their highest level in a week, as the US dollar (USD) declined on election day in the United States. Gold futures for December delivery finished higher by $17.90, or 1%, at $1,910.40 per ounce, its highest level since October 27. Meanwhile, silver futures for December delivery …
Read More »Gold Declining And Investors Await The Results of The US Elections
Gold prices fell on Tuesday, November 3, as cautious investors awaited the outcome of the US election, as Democratic candidate Joe Biden is a narrow lead in opinion polls over incumbent Donald Trump. And gold fell in the spot market 0.1% to 1892.73 dollars an ounce by 05:33 GMT. There …
Read More »Gold Finishes Higher for Second Day
Gold prices rose on Monday for the second consecutive session, amid increasing uncertainty about the second wave of the COVID-19 pandemic and the US elections. The yellow metal futures for December delivery closed higher by $12.60, or 0.7%, at $1,892.50 per ounce. This comes after gold futures recorded an 0.8% …
Read More »Gold is Rising Amid a State of Caution Ahead of The US Elections
Gold prices rose on Monday, November 2, as investors continued to worry about the US presidential elections and an increase in COVID-19 cases, as well as economic concerns exacerbated by renewed isolation measures in some countries. Spot gold rose 0.5% to $ 1886.66 an ounce by 10:18 GMT, while US …
Read More »Gold Trying to Re-Test Resistance
Negative trading dominated gold prices, as we expected, touching the target published in the previous analysis at 1860, to post a low at 1864. Technically, the current movements are witnessing a slight upward tendency, as a result of approaching the support level of 1860 in the attempts to re-test 1894. …
Read More »Gold Posts Third Weekly Decline
Gold prices rose on Friday to limit its third consecutive weekly decline, amid uncertainty that is dominating the market. Gold futures for December delivery rose by $11.90, or 0.6%, and settled at $1,879.90 per ounce, its lowest closing level since September 25. For the week, gold futures posted a 1.3% …
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