Tag Archives: Gold

On Monday, the price of gold kept falling as the bond market turbulence persisted. The XAU/USD pair fell to its lowest point since March 14th, 1,880. Its decrease from this year’s peak is greater than 9.3%. At the time of writing, the precious metal is selling for $ 1894.69 per …

Gold prices continued the expected downward path, reaching the first main station of the current downward wave, at the expected target of 1885, recording its lowest level during the early trading of today’s session, $1885 per ounce. Today’s technical vision indicates the possibility of witnessing an attempt to establish support …

Eurozone Eurozone inflation has slowed further, and underlying price pressures appear to have peaked, according to Eurostat statistics released on Friday, lessening pressure on the European Central Bank to continue raising rates following its quickest rate-hike cycle on record. To confront a historic increase in inflation, the ECB has raised …

Gold prices reached the official target station during the previous technical report at 1885, recording its lowest level at $1885 per ounce. On the technical side, prices tried to take advantage of the support represented by the 1885 target to achieve some bullish rebound. However, it is still limited, and …

Gold prices continue to decline under pressure, with the US dollar rising. It is heading to touch the official targets required to be achieved during the previous report at 1894 and 1886, to suffice with recording its lowest price at $1886 per ounce. On the technical side today, by looking …

XAU/USD reacts with a sharp drop, testing the S1 daily pivot point, while US Treasury yields and the greenback see upward movement. Fed officials unanimously aim to achieve the 2% inflation target, but divisions emerge on the path forward.Gold price struggles after the latest Federal Reserve’s meeting minutes showed board …

Gold prices achieved the negative technical outlook, as we expected during the previous technical report, touching the first target achieved at 1900, recording its lowest level at $1896 per ounce. On the technical side today, by looking at the 4-hour chart, with the continuation of the negative intersection of the …

Following the release of official statistics showing a spike in retail sales by American merchants in July, the Treasury rates and the US dollar rose, sending gold prices further downward on Tuesday, closing at their lowest levels in more than a month.Following the release of higher than anticipated Retail Sales …

As we expected, the bearish trend continues to dominate gold’s movements within the bearish technical track, bypassing the first targeted station during the previous analysis, located at 1906, recording its lowest level at $1902 per ounce. On the technical side today, by looking at the 4-hour chart, with the continuation …

Because of the US dollar’s strength and surging US Treasury bond yields, the price of gold has continued to perform worse. Because of higher rental prices, inflation increased steadily at a rate of 0.2% in July. In September, the Fed is anticipated to leave interest rates steady. The precious metal …