Tag Archives: Gold

Gold prices rose on Monday, opening the week with a positive performance amid uncertainties that supported demand for safe havens. In addition, a decline by the US Dollar (USD) supported the gains of the yellow metal. Gold futures for December delivery closed higher by $5.30, or 0.3%, at $1,911.70 per …

Gold prices rose on Monday, supported by concerns about the worsening Covid-19 pandemic, while the precious metal prices were also boosted by hopes for a new US stimulus package ahead of the presidential elections in November. The spot price of gold was up 0.6% to $ 1909.90 an ounce, while …

Gold prices opened the first session of the week with stability around the pivot level 1901. Technically, looking at the 4-hour chart, we see the SMA 50 attempts to pressure the price from the top, with the RSI tending to provide negative signals on short intervals, on the other side. …

Gold prices declined on Friday, extending their weekly losses, which are the first in three weeks. The yellow metal’s decline came mostly due to the rise in the US Dollar (USD). Gold futures for December delivery closed today lower by $2.50, or 0.1%, and settled at $1,906.40 per ounce. For …

Gold fell today, Friday, and appears to be heading towards its first weekly loss in three weeks, while the dollar is holding on to its rally while providing more fiscal stimulus in the United States appears unlikely before the presidential election. Gold spot fell 0.2% to 1903.24 dollars an ounce …

Gold prices opened the current session with a slight upward tendency, and the current moves are witnessing the return of price consolidation above the pivot level 1901. Technically speaking, looking at the 4-hour chart, we find that the 50-day moving average is trying to push the price higher, with the …

Gold prices returned to gains on Thursday, amid increased demand for safe havens amid uncertainty. The rise in the yellow metal prices came despite the US Dollar’s (USD) gains. Gold futures for December delivery rose by $1.60, or 0.08%, and settled at $1,908.90 per ounce. Since the beginning of the …

Gold fell on Thursday, and lay below $ 1900, a psychological important level, as the dollar held on to recent gains after US Treasury Secretary Stephen Mnuchin dashed hopes for a new stimulus package before the presidential election. Spot gold fell 0.2% to $ 1897.47 an ounce, after rising 1.2% …

The resistance levels mentioned in the previous analysis at 1910 limited attempts of yellow metals to rise and to remain negative below the 1901 level. Technically, by looking at the chart, we find that the negative signs are still clear on the stochastic, and this coincides with the RSI giving …

Gold prices rose on Wednesday, supported by the decline of the US Dollar (USD), restoring the $1,900 per ounce level. Gold futures for December delivery increased by $12.70, or 0.7%, and settled at $1,907.30 per ounce. Meanwhile, silver futures for December delivery added 27 cents, or 1.1%, and closed at …