Tag Archives: Gold

Gold maintains choppy performance despite US dollar’s losses Given that the market’s expectations for future US interest rate increases have been greatly reduced, the recent decline in gold prices is likely to have come to an end. Even so, we anticipate some additional upside potential for the year’s conclusion. Because …

Gold prices rose on Thursday to their highest level in nearly a month, supported by the decline in the dollar after US inflation data, which raised hopes that the Federal Reserve would soon stop tightening its monetary policy. Spot gold rose 0.2 percent to $1,959.94 an ounce by 0918 GMT, …

Gold prices recorded significant gains, taking advantage of the weakness of the US dollar, explaining that we are monitoring the price behavior until the breach of the main resistance level of 1945 is confirmed, explaining that this enhances the chances of touching 1961, so that gold prices succeed in recording …

Gold prices witnessed an upward trend during the previous trading session as part of the continuation of the positive attempts to stabilize above the 1930 level, explaining that the price’s consolidation, at least an hourly candle above the 1930 level, can consolidate gold’s gains towards 1945, recording the highest $1941 …

Economists are busy analyzing gold price expectations ahead of the US Consumer Price Index (CPI) report. Gold prices are finding a footing with CPI data that is awaited on Wednesday, and on that note, markets do expect to witness a below consensus CPI print, which could help the precious metal …

Gold spot price fluctuated on Monday, reaching a $1,912 daily low before settling at $1,925. On Wednesday, investors weighed mixed nonfarm payroll reports and US inflation data, leading to a fall in US bond yields.The US Dollar index dropped to its lowest point since May at 101.95. The Federal Reserve’s …

Gold prices rose in early Asian trade on Monday after last week’s US jobs data overshadowed the strength of the labor market, prompting investors to be more cautious about the path of US interest rate hikes. By 0104 GMT, spot gold rose 0.1 percent to $1925.49 an ounce, and US …

Dubai TV interviewed Mohammed Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, to comment on the US Non-Farm Payrolls report, which is a monthly report that the markets are closely awaiting. Asked whether it is expected to witness a decline …

Gold price has moved higher near $1,915.00 ahead of US NFP data. After the NFP data release that missed expectations and indicated the addition of 309k jobs in the US during June, gold touched $1,925 per ounce. S&P500 futures are consistently extending losses as investors are anxious ahead of the …

Gold prices succeeded in touching the bearish targets required during the previous technical report, reaching the official target of 1900, recording its lowest level at $1902 per ounce after it managed to break the strong support level at $1913. Today’s technical vision tends to be negative, relying on the stability …