Tag Archives: Gold

The price of gold is fluctuating on Wednesday along with the US Dollar, but it is holding steady around the $2,020s at midday after moving from a low of $2010.09 to a high of $2032.11 so far. At the time of writing, the precious metal is selling for $2020.65 per …

Gold prices recorded their highest levels since March 2022 on Wednesday, as they continued to rise after weak US economic data reinforced bets on slowing the pace of raising US interest rates. Spot gold rose 0.1% to $2,021.97 an ounce by 0925 GMT, while US gold futures settled at $2,038.70. …

Gold prices continue to achieve substantial against USD, in line with the bullish trend, as we expected during the previous trading session, touching the second official stop at $2025 per ounce. Technically, and with a close look at the 240-minute chart, we find that the relative strength index continues to …

Market Drivers – US Session 04/04/2023 While gold has jumped, US treasury yields retreated, the US dollar was seen under pressure on Tuesday. The dollar is still under pressure ahead of more employment statistics, notably the NFP on Friday, as a result of weak US economic data. On Wednesday, the …

Gold price jumped above $2,020, reaching the highest level since March of last year. However, analysts and economists believe that the precious metal could correct lower if higher crude oil price sparks the existing inflation fears.Gold’s strength was by no means intuitive: after all, the significant rise in the oil …

Gold prices failed to break the pivotal support floor published during the previous analysis at 1960, explaining that it represents the key to protecting the official bullish trend, returning to the bullish rebound towards 1990, to end its daily dealings above the support mentioned above. Technically, the overall bullish trend …

Gold prices fell on Monday after a surprise announcement by OPEC+ to cut oil production raised concerns about inflation and increased bets on a rate hike at the next Federal Reserve meeting in May. Spot gold prices fell 0.8 percent to $1951.37 an ounce by 0401 GMT, the lowest level …

The yellow metal’s efforts continued to maintain its attempts to rise, which stopped temporarily due to the negative pressure from the 1987 resistance level, forcing the price to decline temporarily. Technically, the overall bullish trend is still the most likely, relying on the stability of trading above the previously breached …

Wall Street rose on Friday, with the Nasdaq index posting its biggest quarterly percentage gain since June 2020, after signs of easing inflation raised hopes that the Federal Reserve would soon end its aggressive campaign to raise interest rates. The Standard & Poor’s 500 Index posted gains for the second …

Gold prices rose on Friday, heading to record the best monthly performance since July 2020, as the banking system crisis led to the expectation that the Federal Reserve (the US Central Bank) would temporarily stop raising interest rates, which makes the yellow metal more attractive. By 0321 GMT, spot gold …