Tag Archives: Gold

During the previous technical report at the end of the trading week ending last Friday, we adhered to momentary neutrality until we got rid of the confined side range from the bottom above 1913 and the top below 1930. On the technical side today, we find gold prices hovering around …

The first interest rate cut in the USA is now expected in July 2024, pushed out from the June rate cut priced in before. The Fed’s updated economic outlook shows that the US economy has held up better than expected, with a modest cooling to 1.5% annual growth in 2024 …

US stocks experienced a fourth consecutive day of losses and even closed as one of the worst weeks since March 2023, with the Dow Jones dropping 0.31% to 33,963.84. The S&P 500 and Nasdaq slipped 0.23% and 0.09%, respectively. Ford ended the day up 1.9% after a source reported progress …

Gold prices found a strong resistance level, as we indicated during the previous technical report, at the price of 1930, which forced the price to trade negatively, explaining that sneaking below 1922 support level forces gold prices to retest the main support of the current trading levels, 1913, touching the …

Gold prices touched the upward targets required to be achieved during the previous trading session, ahead of the Fed’s decision, heading towards the official stop of 1945, recording its highest level of $1947 per ounce. On the technical side today, gold prices witnessed a bearish tendency as a result of …

The US central bank unanimously decided to keep interest rates at 5.25-5.50%. Comparing the Fed’s announcement to the July meeting, there were little differences. The majority of FOMC members predicted that another rate increase might be necessary before the year is through. During the press conference, Fed Chair Powell made …

There was little change in gold prices on Wednesday, as investors awaited the latest statements and expectations regarding interest rates from Federal Reserve Chairman Jerome Powell after the US central bank’s monetary policy meeting. By 0938 GMT, spot gold prices stabilized at $1,930.09 per ounce, remaining below its highest level …

Gold prices achieved a positive outlook, as we expected during the previous technical report, touching the first target to be achieved, at the price of $1936, recording its highest level of $1937 per ounce. Technically, gold prices found a strong resistance level represented by the first target, 1936, which forced …

The price of gold rose to $1937.35—a two-week high—before falling to $1931.77—a decrease of 0.06%. In the meantime, the US 10-year Treasury note yield rises to a 16-year high of 4.367%, depressing gold prices.Investors watch the Federal Reserve’s “dot plots” and revised economic estimates closely for signs of a rate …

Gold prices rose to their highest level in two weeks on Tuesday, September 19, as the dollar fell from its highest level in 6 months before the start of the US Federal Reserve’s monetary policy meeting later today, and with markets awaiting a new set of economic forecasts from the …