A noticeable rise in gold prices, continuing to achieve gains for the fifth session in a row within the expected positive outlook, touching the official target station during the last analysis at the price of 2040, recording its highest level of $2048 per ounce. Today’s technical vision indicates the possibility …
Read More »Gold shines post CPI reading, anticipated to continue shining
This year, gold has been doing well so far. In the upcoming quarters, economists anticipate that the precious metal will prolong its rise. Always shining gold with growth issues front and centrePrices are anticipated to stay sensitive to changes in investor risk perception and interest rate forecasts in the near …
Read More »Gold is on a gradual rise and is looking for additional momentum 12/4/2023
A quiet, gradual rise dominated gold prices during the previous trading session’s dealings within the targeted bullish path, touching the first target to be achieved yesterday at the price of 2004, recording the highest of $2007 per ounce. Technically, and with a closer look at the 240-period chart, we find …
Read More »Gold is still above support 11/4/2023
Mixed trading dominated gold prices during last Monday’s session, to start to decline after it recorded its highest level of $2007, within an additional downward trend that tested the 1980 support floor. Technically, and by looking closely at the 240-period chart, we find that gold prices are still stable above …
Read More »Market Drivers – US Session 10/04/2023
Investors are still analyzing the most recent US employment statistics. Chinese consumer and producer price index data for March will be made public on Tuesday in anticipation of the US CPI on Wednesday. Easter Monday saw the US Dollar Index (DXY) continue to improve and rise, reaching a weekly high …
Read More »Gold is down 1% after the US jobs data
Gold prices fell by 1 percent to below $2,000 on Monday after US jobs data showed continued strength in the labor market, which reinforced expectations that the Federal Reserve would raise interest rates again in May. Spot gold fell 0.8 percent to $1,992.97 an ounce by 0613 GMT. US gold …
Read More »Market Drivers – US Session 06/04/2023
On Friday, when markets are closed worldwide for Easter, the official US jobs report will be issued. March nonfarm payroll growth is anticipated to be 240,000. With volatility rising around the NFP publication, trading volume is anticipated to be low. There won’t be much activity before or after. Holidays and …
Read More »Friday’s NFP reading to set the scene for noteworthy scenarios
On Friday, when markets are closed worldwide for Easter, the official US jobs report will be released. The increase in nonfarm payrolls for March is anticipated to be 240,000. The trade volume on Friday is probably going to be thin, with volatility spiking around the NFP report. There won’t be …
Read More »Gold is retreating from its highest level in a year as dollar rose before US data
Gold prices retreated from their highest levels in a year on Thursday as the dollar regained some ground while investors await the US Nonfarm Payrolls report to assess the Federal Reserve’s monetary policy strategy. Spot gold fell 0.3 percent to $2,014.26 an ounce by 0543 GMT, after reaching its highest …
Read More »Gold is trying to resume its rally 6/4/2023
Trading tended to be positive and continued to control the prices of the yellow metal during the previous trading session as part of a gradual rise towards the target of the previous report at the price of 2040, to suffice with recording the highest $2032 per ounce. Technically, and with …
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