Tag Archives: Gold

Despite solid labour demand, gold prices have sharply recovered, raising anticipation for another Fed interest rate hike. Despite a weak US Services PMI survey and a weak ADP Employment report this week, the price of the precious metal remained under pressure. At the time of writing, the precious metal is …

For the second session in a row, gold trading is limited from the bottom above the recently recorded low at 1815 and from the top below the 1830 resistance level without any significant change. Technically, by looking at the 4-hour time frame chart, we find that positive crossover signals are …

Below $1,820 per ounce, gold is at its lowest price since March, a loss of $100. Economists evaluate the prospects for the yellow metal. A barrier to gold in the near term is uncertainty over when US rates and the dollar will peak. The precious metal is trading at 1814.69 …

Gold trading was limited during the previous trading session from the bottom above the recently recorded low at 1815 and from the top below the 1830 resistance level without any significant change. Technically, by looking at the 4-hour time frame chart, we find positive crossover signals beginning to appear on …

Gold price up by 0.07%; trading at $1823.78 per ounce at the time of writing. The precious metal is looking forward to recovery due to softer than expected US ADP Employment Change data. Job vacancies by US employers were upbeat in August, indicating strong labor demand. However, the US Services …

The technical outlook remains unchanged, and gold’s movements did not change significantly, trying to retest the 1830 resistance level, maintaining negative stability below it. Technically, the simple moving averages are still a factor of negative pressure on the price from above, in addition to the stability of intraday trading below …

Gold fell for the seventh day in a row, reaching a low of $1,814 before reversing course and edging slightly higher to $1,825. After dropping more than 5% in the previous session, silver made a slight recovery to close at about $21.20.On Tuesday, the Yen increased, most likely as a …

Gold prices continue to suffer heavy losses as part of intense selling, as we expected, touching the official target required to be achieved during the previous technical report, located at the price of 1815, recording its lowest level of $1815 per ounce during early trading of the current session. Technically, …

The key event in the Asian session, Tuesday, will be the Reserve Bank of Australia meeting. Later in the day, Switzerland will report consumer inflation, and in the US, the JOLTS Job Openings data will be released.Key DevelopmentsThe US dollar made a great start to the week, continuing the upward …

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 …