Tag Archives: Gold

Gold movements are witnessing attempts to rise marginally, benefiting from the positive stability above the 1915 support level, and the price is now hovering around its highest level during the morning trading of today’s session at $1926 per ounce. Technically, and with a closer look at the 240-minute time frame …

Even if other countries are suffering from the effects of tight monetary policy, the US economy is nevertheless robust. The US service sector is experiencing strong demand, which would allow the Federal Reserve to keep the door open for additional policy tightening. In comparison to estimates and the previous report …

Gold prices continue due to the rise in the US dollar, heading towards touching the first target expected to be achieved during the previous technical report at 1920, approaching by a few points from the official station of 1913, only to record the lowest of $1,915 per ounce. Technically, by …

The price of gold rose from its lowest level in a week on Wednesday, with US Treasury bond yields declining and the dollar abandoning the highest levels reached in the previous session, but expectations of keeping interest rates high limited the gains of bullion. Spot gold rose 0.1 percent to …

Gold prices declined during the previous trading session within the negative outlook expected in the last report, touching the first official target of 1929, recording its lowest level of $1924 per ounce. Technically, by looking at the 240-minute time frame chart, we find that the simple moving averages continue to …

Gold prices declined yesterday after it collided with the strong resistance level at 1945, which forced it to trade negatively, and it will now settle around its lowest level during early trading of the current session around $1936 per ounce. Technically, and with a closer look at the 4-hour time …

On Friday, the dollar rose versus the euro and the Japanese yen after the August jobs report revealed a still-strong labour market, despite some signs of slippage. Employers added 187,000 jobs in August, exceeding predictions of 170,000. However, data for July was revised downward to reflect 157,000 employment gains rather …

The precious metal’s weekly gain for dollar investors was reduced to 1.2% as gold prices declined this afternoon entering Friday’s London benchmark auction as mixed data on the US labour market was followed by less-poor manufacturing sector data. Gold is trading at 1940.86 per ounce at the time of writing.According …

Gold prices appear to be heading on Friday, September 1, to achieve gains for the second week in a row, supported by declining chances of raising US interest rates this year after a week full of data, at the end of which an important jobs report is issued. Gold settled …

Gold prices found it difficult to break the pivotal resistance level published in the previous report at 1945, in which we explained how important it is to the current trading levels, to force gold prices to retest 1938. Technically, the 50-day simple moving average still protects the price, and we …