Tag Archives: Gold

The global demand for gold declined during the third quarter (Q3) of 2020 by 19% year-on-year. Demand during Q3 for the yellow metal amounted to 892 metric tons, the lowest quarterly level registered since 2009, according to data by the World Gold Council. Meanwhile, investments in the gold sector rose …

Gold won today, Friday, as the dollar fell, which pushed safe haven flows towards the yellow metal again after an increase in cases of Coronavirus in the United States and Europe, threatening to derail the global economic recovery from its course. Spot gold rose 0.1% to $ 1869.16 an ounce …

Gold prices witnessed a noticeable decline during the previous session’s trading towards the first official target for the downside wave, as we expected at 1860. Technically, the daily trend is still bearish, given the consolidation of intraday trading below the previous broken support 1882, with the continued negative pressure of …

Gold prices declined on Thursday for the second consecutive session, as the US Dollar (USD) rally continued supported by strong economic growth during the third quarter of the year. Gold futures for December delivery fell by $11.20, or 0.6%, and finished at $1,868 per ounce, its lowest closing level since …

The yellow metal remained negatively trading in the previous trading session within the expected bearish path, touching the bearish targets published in the previous analysis at 1885, recording a low at 1869. Technically, gold has succeeded in confirming a break of the pivotal support turned into resistance at 1901, Fibonacci …

Gold prices declined on Wednesday to finish at their lowest level in about a month, as the US Dollar (USD) rose across the board amid concerns about the rising number of new COVID-19 cases. Gold futures for December delivery plunged by $32.70, or 1.7%, and closed at $1,879.20 per ounce. …

The yellow metal traded in a confined range, stable above 1901 and below 1912 over several sessions. On the technical side, and looking at 240-minute charts, we see negative signs appearing on the stochastic indicator, with the MA-50 attempting to press the price from the top. Although we tend to …

Gold prices closed higher on Tuesday, as the US Dollar (USD) declined across the board amid selling pressures, while demand for safe havens remained high amid worries about another wave of the COVID-19 pandemic. Gold futures for December delivery rose by $6.20, or 0.3%, and finished at $1,911.90 per ounce. …

Gold prices rose on Tuesday as a new wave of infections with the Coronavirus threatened to slow the global economic recovery from the Covid-19 pandemic, adding to the appeal of the yellow metal as a safe haven. Gold spot 0.2% to 1,906.83 dollars an ounce. In US futures trading, it …

Gold prices managed to touch the target during the previous trading session within the scenario of re-testing the required level, visiting 1901, posting a low of 1894. Technically, looking at the 4-hour chart, we find conflicting technical signals, ranging from the negativity of the simple moving averages that continue to …