Tag Archives: Gold

Gold retreated after surging on Friday and is trading slightly below $2,000. Silver initially surged towards October highs but later trimmed its gains, settling at $23.30. Markets are looking forward to a busy Tuesday in the middle of a loaded week with central bank meetings and key economic data. Risk …

The World Bank predicts that the prolonged conflict in the Middle East will lead to a sharp increase in the price of commodities, especially natural gas and oil. Since the conflict began, energy prices have already increased by 9%, and there may be more shocks ahead. This scenario is similar …

In a thrilling turn, gold prices experienced a remarkable surge in last Friday’s trading session, far surpassing market expectations and reaching a pinnacle of success. The bullish trend, as anticipated in the previous technical report, not only met but exceeded its second official target of $2002, soaring to an impressive …

Last week, the US dollar demonstrated remarkable resilience, propelled upwards by robust growth indicators in the United States and an escalating demand for safe-haven assets triggered by mounting geopolitical tensions in the Middle East. The Israeli army’s limited incursions into the Gaza Strip stirred renewed concerns, leading to a surge …

Gold price continued to consolidate after the US core PCE inflation reading remained in line with estimates. The downside in the gold price remains cushioned by escalating tensions in the Middle East.US Yellen sees Treasury yields elevated on Fed’s “higher for longer” interest rates outlook. Gold price trades back and …

Gold prices are heading for gains for the third week in a row on Friday, as conflict in the Middle East leads to investors increasingly seeking safe havens, despite US interest rates remaining high for a longer period. By 0341 GMT, gold in spot transactions rose 0.1 percent to $1,986.76 …

A gradual rise in gold prices within the positive outlook expected during the previous report reached the first official target required yesterday at $1994 per ounce, recording the highest price. Technically, and by looking at the 4-hour time frame chart, we find gold stable above the 1977 resistance level, represented …

Positive trading dominated gold price movements yesterday, in line with the positive outlook expected in the previous technical report. In this report, we relied on the ability of the gold price to consolidate above 1977, heading towards the first official target of 1980. The metal recorded its highest level during …

With a gain of over 0.56%, the price of gold has risen to a new weekly high of $1987.25. This is because US business activity is starting to pick up steam, as shown by September’s record-breaking new home sales and the S&P Global PMIs.The US 10-year Treasury bond yield has …

Gold prices rose on Wednesday as US Treasury yields fell. Still, gains were reduced after signs of a cooling in safe-haven demand appeared after the United States and Russia led international calls to stop the fighting between Israel and the Palestinian Islamic Resistance Movement (Hamas). Gold rose in spot transactions …