Tag Archives: Gold

Gold prices rose to near one-month highs on Thursday as a new batch of weak US data reinforced expectations for a pause in interest rate hikes this year, although inflation readings released later on Thursday may revise those expectations. By 0331 GMT, spot gold rose 0.2 percent to $1,945.40 per …

Gold prices achieved the official target required during the previous technical report at 1945, recording its highest level of $1949 per ounce. Technically, we find that gold prices succeeded in basing themselves on the previously breached resistance level and converted into a support level at the price of 1936, accompanied …

Gold rose for the third consecutive day, encountering resistance below $1,950. Lower yields and a weaker Dollar provided support for the precious metal. Silver reversed after reaching $25.00 and closed marginally lower at $24.60.The US Dollar Index fell for the third consecutive day, reaching the lowest close in two weeks, …

With a three-day winning streak near $1,942 and almost 1.50% daily gains. The US reported weaker labour market figures, with ADP Employment Change increasing by 177,000 employed people, lower than expected.Jerome Powell emphasized restrictive monetary policy until cooling trends show a cooling trend. The US bond yields decreased to 4.88%, …

Gold prices touched the bullish target at the price of 1929, heading to visit the second target of 1933, recording its highest level at $1938 per ounce. Today’s technical vision indicates the possibility of resuming the rise, relying on gold prices continuing to receive a positive incentive from the simple …

According to the US Bureau of Labour Statistics, there were 8.827 million job opportunities in July, far fewer than the predicted 9.465 million, while consumer confidence declined. The probability of a Fed rate hike in September has decreased to just 13.5%, according to the CME FedWatch Tool, while the probability …

Gold and silver prices rose during Tuesday’s lunchtime US trading session, with gold reaching a three-week high and silver reaching a four-week high. Fresh purchasing activity in the precious metals was sparked by reports on the consumer confidence index and the US jobs turnover data (JOLTS), both of which were …

Gold prices rose on Tuesday as a recent decline in the dollar and Treasury yields showed signs that the economy was overheating, ahead of crucial inflation and jobs data this week that could determine the future of interest rates. And by 0645 GMT, spot gold rose 0.2 percent to $ …

Positive trading dominated gold’s movements at the beginning of this week’s trading within the expected bullish path during the previous technical report, in which we relied on stability above the 1913 level, touching the first desired target of 1924, recording its highest level at $1925 per ounce. Technically, we find …

After a strong recovery, the price of gold has levelled out as investors look for new reasons to take action. At the time of writing, the precious metal is selling for $1921.51 per ounce. At the Jackson Hole Symposium, Fed Chair Jerome Powell reaffirmed that future policy decisions will be …