Tag Archives: Gold

As US markets were closed in observance of the Juneteenth Holiday, markets have had a tranquil start to the week with no data. The American Dollar partially recovered from the enormous losses of the previous week, but it is still struggling as Gold stays around $1,950 per troy ounce and …

For several consecutive sessions during the current week’s trading, we have committed ourselves to remain neutral due to the movements of gold prices in a confined sideways price range, from the bottom above 1945 and from the top below 1977, explaining that the activation of selling positions begins with a …

Gold finished flat around $1,940, looking weak. Earlier, the yellow metal peaked at $1,960 but dropped after the FOMC rate decision. Silver rose 1% and finished slightly below $24.00. Cryptocurrencies tumbled late on Wednesday, with BTC/USD falling more than 3% and briefly to below the $25,000 level; namely the $24,927.80 …

Gold price surges as falling US Treasury bond yields enhance the appeal of the non-interest-bearing asset. May PPI data from the US BLS comes below expectations, supporting the precious metal. The US dollar Index falls to a four-week low, expecting a rescue from a hawkish Jerome Powell. At the time …

Gold is trading at $1945.45 at the time of writing, it is down by 0.60% at the time of writing as the stage is set for the major central banks in the world, particularly the Fed in the United States and the ECB in Europe.Economists and strategists point out how …

Trading tended to negatively dominate the gold movements during the first trading sessions of this week. The sideways trend is still active and active, so the technical outlook remains unchanged. Over several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated …

US equities opened the trading week with positive performance ahead of key US economic data and monetary policy events. Markets cheered the possibility of the Fed’s ending its rate hike cycle. Incoming economic data will be crucial, with the CPI reading, in particular.The Dow Jones gained 0.56% and the Nasdaq …

Dubai TV interviewed Mohammed Hashad, Head of Research and Development at Noor Capital and member of the US Associaltion of Technical Analysts, to comment and analyze the most important developments in the financial markets during the new trading week.After ten consecutive increases in the US interest rate, and asked whether …

Following a surprise 25 basis point (bps) rate hike in May, the Reserve Bank of Australia (RBA) board members opted to raise the Official Cash Rate (OCR) by another 25 basis points (bps) to 4.10% at its June policy meeting, delivering another hawkish surprise. According to the most recent Reuters …

The technical outlook is unchanged and for several consecutive sessions, we waited for the pending orders to be activated due to the sideways movements that dominated gold prices from below 1945 and from above below 1977. From the point of view of technical analysis, gold prices witnessed positive attempts, but …