Tag Archives: Gold

Spot Gold is bidding lower, testing back beneath the $2,000 key handle. The Gold Index (XAU/USD) is trimming back some gains as investors weigh their options post-US data.Gold remains well-bid, but $2,000 is proving to be a challenging level. XAU/USD tipped back into a daily high above the $2,000 mark, …

Gold prices fell on Wednesday to less than $2,000 as the dollar stabilized after its decline over the past few days, but expectations that the Federal Reserve had reached the end of the monetary tightening cycle limited the decline in gold prices. Gold fell in spot transactions by 0.1 percent …

Gold prices demonstrated significant gains during the recent trading session, initiating an advance towards the $2,000 per ounce level, confirming the positive outlook as anticipated in the previous technical report. The precious metal touched the initial target of $2004, reaching its peak at $2007. From a technical standpoint today, the …

Gold rose sharply despite steady yields and peaked at $2,007. It then pulled back toward the $2,000 area. The critical level to break is $2,010. The US dollar’s increase on Tuesday was seen as a corrective measure because the currency remains vulnerable until the market refocuses on the story of …

Gold Index (XAU/USD) rose by 1.40% in Tuesday’s trading session, breaking through the $2,000 barrier and rising by 1.40%. This was primarily driven by the downdraft in US yields and a weak US dollar. The FOMC November minutes will be released later in the session, where investors will look for …

Gold prices have achieved positive stability above the main support floor mentioned in the previous technical report, positioned at the price of 1977. This led to a notable upward rebound, reaching the initial target of 1990 and recording its highest level at $1993 per ounce during the morning trading of …

Gold exhibited an upward trend during the recent trading session, aligning with the anticipated upward trajectory and nearing the initial target set at the price of 1997. The precious metal recorded its highest point at $1993 per ounce. Examining the technical aspects today, a closer look at the 4-hour timeframe …

The US dollar has experienced its worst week since July 2023, with negative momentum dominating the market. Next week will be shorter in the US due to Thanksgiving. US – China Talks US President Joe Biden and Chinese counterpart Xi Jinping had a positive conversation about climate change and improving …

The US dollar experienced its most significant drop in one week since May, with negative momentum dominating. Next week will be shorter in the US, with the preliminary November PMIs being the important economic report to keep an eye on. The Fed will publish the minutes of its most recent …

The Gold Index, XAU/USD, advanced to $1,980 after hitting $1,995 earlier in the North American session.US housing data for October surprised to the positive side. Notably, the most recent spike in the price of precious metal was suppressed by hawkish Fed speakers and rising US yields.Gold saw a minor increase …