Tag Archives: Gold

Gold continues to decline starting the beginning of the US trading session on Monday, affected by the rise of the US dollar after changing its direction due to the markets’ focus on the current events in China.Gold futures fell to $ 1740 per ounce, versus the previous closing at $ …

Gold prices fell on Monday after the dollar rose on demand for a safe haven sparked by protests in several Chinese cities over the strict restrictions to combat the Coronavirus. The spot gold price fell 0.4 percent to $1,748.84 an ounce at 0555 GMT. US gold futures fell 0.3 percent …

A limited bearish bias dominated gold’s movements last Friday, aiming to retest the support floor published during the previous analysis at 1745, trying to stabilize above it. Technically, we tend to be positive, but with caution, depending on the stability of daily trading above the 1745 support level at 23.60% …

Data on Friday showed that the German economy expanded slightly in the third quarter, more than initially expected, supported by consumer spending. The Federal Statistical Office said Europe’s largest economy grew by 0.4 percent quarterly and 1.3 percent annually, according to seasonally adjusted figures. Analysts polled by Reuters had expected …

The US dollar edges higher within range-bound holiday markets on Friday in an obviously quiet US trading session following the US Thanksgiving holiday. The American currency is near multi-month lows as the prospect of the Fed’s pace of policy tightening keeps impacting the dollar.Today has all the indicators of another …

Gold is trading around $1751 per ounce at the time of writing versus the previous closing price; $1754.18 The US dollar’s weakness has helped gold price to test $1,780 per ounce. On the other hand, the Fed’s commitment to fight inflation with tighter monetary policy leaves space for future dollar’s …

Gold prices fell on Friday, with the dollar restoring its upward trajectory, but expectations of a less sharp interest rate hike from the US Central Bank put the yellow metal on the path to achieving a small weekly gain. And gold fell in spot transactions 0.2 percent to $ 1751.49 …

Gold prices rose slightly on Friday, on track for a weekly gain, as it received support from a weaker dollar on signs that the Federal Reserve may soon slow the pace of raising interest rates. Spot gold rose 0.2 percent to $1,758.41 an ounce by 0223 GMT, and has risen …

Gold prices succeeded in touching the official target of the corrective bearish wave mentioned in the technical reports for the current week, as we expected to touch the target at 1720, recording its lowest level at 1720, to return within an upward rebound, and it is now trading around $1756 …

Gold prices extended gains on Wednesday as the FOMC minutes for November policy meeting showed a “substantial majority” of members opting to slow down rate hikes. Spot gold rose 0.6% to $1,750.38 per ounce, while US gold futures settled 0.6% higher at $1,750.90.Gold traded higher in a relief rally after …