Tag Archives: Gold

Narrow range side trading did not witness a significant change to find gold prices maintaining stability between 1920 and 1936. As a reminder, we indicated during the previous analysis that price consolidation above 1936 is a condition for resuming the bullish trend. On the technical side, by looking at the …

Gold prices moved in a relatively narrow range on Monday as investors around the world turned their attention to a series of central bank meetings, with particular focus on the Federal Reserve meeting. Spot gold rose 0.2 percent to $1,931.07 an ounce by 0717 GMT. US gold futures rose 0.1 …

Gold stayed in narrow sideways actions and was confined between 1920 and 1936. From a technical point of view, today we tend to be positive but with caution, relying on the continuation of the simple moving average’s attempts to provide a positive impulse, in addition to the emergence of positive …

The US Dollar Index began the trading week down around the 102 mark, hovering close to levels not seen since May 2022, as concerns about a US recession and prospects of a less aggressive Fed startled investors away from the American currency which closed the week at 101.9.Oil Price ActionOn …

US stocks rallied on Friday to mark another winning week fueled by better-than-expected economic growth and a pop in Tesla shares. The dollar index is now nearing a range that could lend support to the S&P 500, The USD Index latest reading is 101.922 versus the previous closing at 101.818.Key …

Gold prices fell on Friday, as markets viewed strong US economic data as an impetus for the Federal Reserve to keep interest rates high for a longer period, but caution before inflation data and the Monetary Policy Committee meeting next week limited gold’s decline. Spot gold fell 0.2% to $1,926.09 …

Gold prices fell on Thursday, January 26, with the rise of the dollar, while investors await US economic data that could provide clues about whether the Federal Reserve will slow down the pace of raising interest rates. Spot gold fell 0.5% to $1936.97 an ounce, after hitting its highest level …

For the second session in a row, the strong levels of demand published during all the technical reports for the current week, at 1920, proved their effectiveness after gold was able to establish a solid support ground to force it to rebound upward and continue the ascent towards the official …

Gold price has taken off to renew nine-month high, up for the fourth consecutive trading day. The weaker US dollar reinforces the Gold Index’s upside while a cautious mood prevails most financial markets ahead of the key United States Gross Domestic Product.Dovish bias surrounding the Fed’s intention contrasts with the …

Gold fell on Wednesday, continuing the decline from a level close to a nine-month peak, which it reached in the previous session, as some investors sought to speculate in a way that guarantees them profit. The dollar stabilized ahead of the release of US economic data that may determine the …