Tag Archives: Gold

Gold’s positive attempts achieved remarkable gains yesterday, recording its highest level of $1844 per ounce. Technically, we notice an initial breach above the resistance level of 1828. Furthermore, we note that gold prices continue to receive a positive incentive from the simple moving averages, which support the possibility of an …

Gold prices continued to climb for a third session on Wednesday as the dollar weakened, however concerns over US interest rate hikes on the back of high inflation globally curbed gains. Spot gold rose 0.2 percent to $1,831.43 an ounce by 0536 GMT. US gold futures rose 0.1 percent to …

Gold prices fell on Tuesday, heading towards their largest monthly loss since June 2021, with the decline in the attractiveness of the non-yielding metal, in light of expectations that the Federal Reserve will raise interest rates soon. Spot gold fell 0.3 percent to $1,811.74 an ounce by 0735 GMT, after …

Gold prices fell to the lowest level in two months on Monday, after strong US economic data fueled fears that the Federal Reserve (the US central bank) will take more measures to raise interest rates to curb inflation. Spot gold fell 0.1 percent to $1,808.51 an ounce by 0541 GMT. …

Risky assets retreated following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%. The January PCE Price Index unexpectedly rose to 5.4% …

Gold prices fell slightly on Friday as investors worried that stronger-than-expected recent US economic data could prompt the Federal Reserve to continue raising interest rates for a longer period. Spot gold fell 0.1 percent to $1,821.80 an ounce, by 0745 GMT. While US gold futures rose 0.2 percent to $1,831.00. …

Gold prices were able to resume the correctional decline, as we expected, touching the target to be achieved in the previous technical report at the price of 1818, in which we relied on confirming the break of 1828. Technically, by looking at the 240-minute chart, we find the 50-day simple …

Gold prices rose on Thursday, supported by a slight decline in the dollar, but the odds that interest rates in the United States will remain high for a longer period limit the gains of the yellow metal. Gold in instant transactions rose 0.3 percent to $ 1830.90 an ounce by …

A bearish trend continues to control gold prices, constantly pressurized by the rise of its American rival. As a result, it is heading to touch the first official target station during the previous analysis, at 1828, recording its lowest level at $1823 per ounce. The technical analysis today indicates the …

On Wednesday, the dollar index rose by +0.39%. The dollar moved moderately higher and is just below last Friday’s 6-week high. A slump in stocks Wednesday boosted the liquidity demand for the dollar. Also, the hawkish minutes of the Jan 31-Feb 1 FOMC meeting supported the dollar, with policymakers anticipating …