It is typically a calm start to a busy week. Late on Monday, Wall Street pared gains to register a mixed close. As market investors wait for new direction from Fed Chair Jerome Powell, who will testify before the US Congress on Tuesday and Wednesday.The dollar likewise had a volatile …
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Gold prices fell on Monday as the dollar rose, with the release of a new set of data that reinforced fears that central banks around the world will continue to raise interest rates to contain inflation. GMT, after rising to its highest level since February 15 on Friday. US gold …
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The dollar fell from the highest level in two and a half months against the yen on Friday and headed towards recording its first weekly loss since January against other major currencies as dealers try to determine the course of the Federal Reserve’s monetary policy. The yen, particularly sensitive to …
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The US Service sector data surpasses market expectations, and exhibits no significant surprises. Treasury yields rebound from daily lows. The Gold Index declines further from two-week highs, tests $1,840.Gold prices weakened after the US data, however it is still seen positive for the day and the week. The precious metal …
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Narrow-side trading dominated gold prices during the previous trading session and did not show any change in the technical outlook, so the movements were limited from below above 1830, and from above below 1840. From the angle of technical analysis today, we notice an initial breach above the resistance level …
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Gold price breaks out of descending parallel channel as market mood improves. US Dollar selloffs are halted by rising US Treasury bond yields. ISM Services PMI release is still awaited by investors to gain fresh impulse on the direction of the Gold Index XAU/USD. Gold price opened the year at …
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Gold prices are heading on Thursday to end a series of gains achieved over three sessions, pressured by the rise in the dollar and the possibility of the Federal Reserve conducting more interest rate hikes, which clouded the expectations of the prices of the yellow metal. And by 1030 GMT, …
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Gold prices fell on Thursday as the dollar rose as a fresh batch of global economic data reinforced investor concerns about interest rates remaining higher for longer than expected. By 0315 GMT, spot gold fell 0.2 percent to $1,833.57 an ounce, after reaching a one-week high on Wednesday. US gold …
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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 …
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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 …
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