Gold prices fell on Tuesday, while stocks rose after US President Donald Trump left the hospital after being treated for the Corona virus, but the weakness of the dollar limited the gains. Gold spot fell 0.1% to 1910.68 dollars an ounce, and yesterday it had recorded 1918.36 dollars, its highest …
Read More »Gold: Resistance Capping Bullish Bias
The precious metal was able to achieve intraday gains during the previous session, to nullify the negative outlook, as we expected in the previous analysis, and touch the stop-loss at 1910, posting its highest price at 1918. Technically speaking, and by looking at the 4-hour chart, it appears that the …
Read More »Gold Closes Above $1,920 an Ounce
Gold prices rose on Monday to their highest level in nearly two weeks, as the US Dollar (USD) declined across the board. Gains by the precious metal come despite an improved risk sentiment and reduced demand for safe havens; however, the general weakness of the USD supported the yellow metal. …
Read More »Gold Retreats as Doctors Hint About Trump
Gold fell on Monday, as the White House signal that US President Donald Trump was “responding well” to the Covid-19 treatment improved global sentiment, prompting the withdrawal of money from the metal that is usually considered a safe haven. Doctors said his health was improving and he may return to …
Read More »Gold Short-Term Bias Skewed to The Downside
Gold is trading on the negative side in early trading for the current session, and prices are witnessing some intraday stability below 1901. In terms of technical analysis, and by taking a look at the 240-minutes chart, we find that negative signs started to appear on the stochastic and began …
Read More »Gold Narrows Weekly Gains after Trump Contracts COVID-19
Gold prices declined on Friday as markets are still digesting news of the President of the United States, Donald Trump, and his wife, testing positive for COVID-19. The news did not result in a shock or panic buying of the precious metal, which ends the week in gains. Gold futures …
Read More »Gold Continues Gains After Trump
Gold continued to record gains, making its way to its best weekly performance in nearly a month, as investors run to safe haven after President Trump tested positive for the Corona virus. Gold spot rose 0.5% to 1915.34 dollars an ounce, erasing losses it incurred in early trade in Asia. …
Read More »Gold Futures Rise and Head to Weekly Gains
Gold prices rose on Thursday to its highest closing level in about two weeks, amid the decline of the US Dollar (USD). Gold futures for December delivery increased by $20.80, or 1.1%, and closed at $1,916.30 per ounce, its highest finish since September 18. The yellow metal is now heading …
Read More »Gold Rises on Dollar’s Decline And Hopes for a US Stimulus
Gold rose Thursday, October 1st after being boosted by the dollar’s decline and signs of progress in talks on new US stimulus measures. Gold Spot gained 0.4% to $1892.23/ounce, to start the month on the upside, after posting the largest monthly decline since September 2016. US gold futures rose 0.2% …
Read More »Gold Loses 4.2% in September
Gold prices declined on Wednesday, expanding its monthly losses during September. The yellow metal futures for December delivery decreased by $7.70, or 0.4%, and finished at $1,895.50 per ounce. Gold’s monthly losses during the ending month amounted to 4.2%. However, gold registered a 5.2% increase during the third quarter (Q3) …
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