Tag Archives: Gold

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 …

Positive attempts witnessed gold’s movements during the first trading of this week within the gradual upward context, as we expected during the previous technical report, approaching by a few points from the published target of 1936, only to record the highest around $1934 per ounce. Technically, today gold prices are …

The Gold Index (XAU/USD), which is up by 0.40%, has soared to the $1,930s territories. In anticipation of this week’s central bank decisions, markets are still cautious. The metal’s potential is constrained by still-high US yields.On Monday, the current price of gold is remaining above the convergence of the 20 …

Gold prices stabilized on Monday as investors continued to take into account the Federal Reserve’s possible halt to raising interest rates at its monetary policy meeting this week, with a focus on the US central bank’s interest expectations. By 0056 GMT, gold prices in spot transactions settled at $1,924.29 per …

After several sessions of successive decline, gold prices concluded trading last week as part of attempts for a limited rise to retest the 1930 resistance level, and current movements are witnessing stability around the aforementioned level. Technically, today gold prices are witnessing attempts to establish a good support floor around …

US stocks ended trading on Friday with a sharp decline, with chip makers falling on concerns about weak demand, while rising Treasury yields pressured shares of Amazon and other growth companies with huge market value. Shares of chip equipment maker Applied Materials, Lam Research and KLA Corp fell after Reuters …

Gold prices stabilized on Thursday near their lowest levels in three weeks, which they touched in the last session after the release of US inflation data, which reinforced expectations that the Federal Reserve will stop raising interest rates next week. By 0747 GMT, spot gold prices stabilized at $1,905.49 per …