Tag Archives: Gold

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 …

Gold has experienced a 0.20% loss due to robust US job readings and mounting rate hike expectations, driving US Treasury yields higher. Dallas Fed President Lorie Logan’s hawkish comments and a strong ADP report support the expectation of a July rate hike. Traders anticipate further clues from the upcoming US …

Gold settled Thursday, July 6, as investors await a set of US economic data that may affect the course of the US Federal Reserve’s monetary policy, after publishing the minutes of its June meeting, which supported expectations of raising interest rates for a longer period. By 0241 GMT, gold settled …

Strong selling pressures dominated gold’s movements after the main resistance levels published during the previous report at 1930, were able to limit the bullish bias, and gold prices failed to close above it to return within a rapid decline to the desired target of 1913, recording its lowest level at …

US markets moderately retreated on the back of tensions between China and the US, as well as following reports of softer economic activity. The Chinese Caixin Services dropped more than expected, and Japanese, Australian, and Eurozone PMIs were revised lower. Additionally, US Factory Orders rose below expectations.Economic DataUS data showed …

Gold is suffering from a volatile session for metals as the US dollar performs steadily. After spiking to the highest level since June 23, XAU/USD turned to the downside. Gold is losing momentum, and the reversal could expose $1,900. At the time of writing, the precious metal is trading at …

Gold prices are still facing selling pressures, and the previous session’s trading witnessed a retest of the pivotal resistance level at 1930, which gold prices have failed to cross upwards so far. Technically, and with a closer look at the 4-hour chart, we find that the stochastic provides negative signals …

Gold prices changed slightly on Monday, as the strength of the US dollar affected the attractiveness of the yellow metal, at a time when markets were awaiting important economic data to obtain more information about the Federal Reserve’s plans to raise interest rates in the future. Gold prices settled in …

Gold settled near its lowest level in four months on Friday, as investors awaited important US inflation data later on Friday, after a group of strong data and statements in favor of monetary tightening from Federal Reserve officials increased bets on raising interest again. And gold settled in the spot …