Tag Archives: Gold

Gold prices suffered heavy losses during last Friday’s trading within the negative outlook expected during the previous technical report, touching the first target of 1853 and approaching, within a few points, of the second target of 1844, recording its lowest level at $1846 per ounce. Technically, by looking at the …

In the United States, inflation, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 3.5% on an annual basis in August, up from 3.4% (revised from 3.3%) in July, according to the US Bureau of Economic Analysis on Friday. This reading was consistent with …

Gold prices rose on Friday as the rise of the dollar and US Treasury bond yields halted, but it is on track to record a monthly and quarterly decline under pressure from growing expectations that the US Central Bank will keep interest rates high for a longer period. Spot gold …

Gold prices incurred significant losses during the previous trading session as part of the downward directional movement, as we expected, touching all the required targets at 1864, approaching the third target by a few points at 1853, only to record its lowest price of $1857 per ounce. Technically, gold prices …

Gold prices are experiencing a selloff as Fed policymakers reiterate their hawkish stance on interest rate outlook. The US economy’s strength due to a tight labor market and strong consumer spending supports the Fed’s hawkish stance. The precious metal is trading at $1863 per ounce at the time of writing.The …

Gold prices traded at their lowest level in 6 months during Thursday’s session, recording levels below $1,900 per ounce. Gold’s losses coincided with a rise in the dollar and the yield on US Treasury bonds. The dollar recorded its highest level in 10 months against a basket of major currencies …

A sharp decline in gold prices within the expected downward path, in which we relied on breaking 1913, with the price heading to achieve the official target required to be touched during the previous trading session at 1880, recording its lowest level at $1873 per ounce. Today’s technical aspect indicates …

The US dollar’s rally and the drop in equity prices continue to be in the spotlight. The New Zealand NZD Business Confidence survey and Australian retail sales are two important readings to be watched during the Asian session. Later, attention will turn to Spain’s and Germany’s early September inflation data. …

Gold is trading at $1877.54 per ounce at the time of writing, down by some -1.22%. traders are worried that the precious metal could fall further in the remainder of 2023. It is worth noting that gold demand in China has surged in 2023, with a 16% increase compared to …

Gold prices achieved the official target published during the previous technical report, explaining that breaking the main support floor for the current trading levels of 1913 led the price to visit 1903, recording its lowest level at $1899 per ounce. Technically, today, by looking at the 4-hour chart, we find …