Tag Archives: Gold

Gold prices saw a modest uptick during Asian trading on Tuesday, driven by escalating geopolitical and trade concerns, though gains were capped by a stronger U.S. dollar and easing Middle Eastern tensions. Key Market Moves Spot gold increased by 0.1% to $2,628.69 an ounce. Gold futures (December) rose by 0.4% …

Gold prices faced a sharp drop today, retreating from a three-week high, as a risk-on environment diminished the appeal of the precious metal. The XAU/USD pair struggled to sustain its momentum from last week’s gains, though it managed to hold above the $2,650 level, supported by the 100-period Simple Moving …

Gold resumed its bullish momentum during the previous session, surpassing the official target of $2700 per ounce and recording its highest level at $2720. From a technical perspective, the current movement shows a slight bearish tendency due to encountering the pivotal resistance at $2720. However, a closer look at the …

Analysts at UBS forecast sustained upward momentum in gold prices throughout 2025, driven by a combination of declining global interest rates and persistent geopolitical risks. These factors reinforce gold’s status as a reliable safe-haven asset while aligning with favorable macroeconomic trends. Key Drivers for Gold’s Rally Lower Interest Rates Central …

Gold maintained its upward momentum on Friday, setting the stage for its largest weekly gain in nearly eight months. The precious metal’s appeal as a safe haven surged amid heightened geopolitical tensions, as Russia lowered its nuclear weapon usage threshold and launched a hypersonic missile at Ukraine. Spot gold remained …

Gold prices have surged for the fourth consecutive day, surpassing the 50-day Simple Moving Average (SMA) of $2,660 due to global unrest and reports of Russia’s potential Inter-Continental Ballistic Missile (ICBM) launch. The US economic data suggests a strong jobs market, with the XAU/USD trading at $2,672 at weekly highs, …

Market Focus Shifts to Japan and Global PMIsThe US Dollar continued its upward trend, reaching new 2024 highs. This was driven by a combination of factors, including a weakening risk appetite and ongoing geopolitical tensions.Key Events on Friday, November 22nd:• US: Flash S&P Global Manufacturing and Services PMIs, final Michigan …

Gold prices showed strong upward momentum in the previous session, successfully building on the support level of 2567 and reversing the anticipated downward trend from the prior analysis. As highlighted earlier, surpassing 2604 was a significant catalyst, paving the way for a potential shift toward an upward trajectory, with prices …

Gold prices fell at the end of last week’s trading, breaking below the support line of the ascending channel, as highlighted in the previous report. This break extended losses, with gold reaching a low of $2554 per ounce. From a technical analysis perspective, gold has attempted to stage a minor …

Gold prices held steady during Asian trading on Friday but faced their worst weekly performance in more than three years. This decline comes as stronger-than-expected U.S. inflation figures and less dovish signals from the Federal Reserve have raised doubts about future interest rate cuts. The precious metal has also suffered …