Gold prices are slightly lower while silver is a bit higher in subdued early US trading on Wednesday. The market looks quieter ahead of the US data point of the week, namely the FOMC minutes released at 2:00 p.m. EST. December gold was last down $2.80 at $1,737.20 and December …
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Gold moved in a limited trading range on Wednesday as investors awaited the Federal Reserve’s monetary policy meeting statement that could provide clues about further interest rate hikes. And by 0647 GMT gold prices in spot transactions fell 0.1 percent to 1737.79 dollars an ounce, while there was little change …
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Negative pressure still dominates gold prices after it failed to maintain the intraday positive stability above 1746 level, within a gradual decline to the downside, recording its lowest level near the strong support level 1734. On the technical side today, the simple moving averages continue the negative pressure on the …
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The US dollar plummeted on Tuesday amid the better performance of global equities which closed in the green territory on the back of positive risk appetite Wall Street posted considerable gains, adding the most in the final hours of trading. On the other hand, US Treasury yields edged lower with …
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Gold Price registers gains of 0.03%, and the precious metal is now trading around $1738 as Fed policymakers begin to price a 50 bps rate hike and the US central bank needs to tighten monetary conditions.The US Dollar edges lower on Tuesday as the American currency is weighed by falling …
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Gold prices achieved the corrective decline idea published during the previous technical report, touching the first official target of the bearish correction wave at 1734, recording its lowest level in the last session, trading at $1732 per ounce. Technically, and by looking closely at the 240-minute chart, we find a …
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Gold prices fell for the fourth consecutive session on Monday due to a stronger dollar while the Federal Reserve’s monetary policy stance overshadowed expectations for non-yielding gold. The spot gold price fell 0.6 percent to $1,739.31 an ounce by 0931 GMT, after falling earlier to its lowest level since November …
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Inflation, geopolitical tensions and global growth-linked worries impacted almost all financial markets. EU inflation retreated in October but is still hot. The EUR/USD pair held above the 1.0300 level with no signs of declining.As the Fed’s battle against inflation arrives at a new and more challenging stage, services will be …
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US President Joe Biden cautioned on Friday that ““it’s going to take time to get inflation back down to normal levels.”, but he assured that legislation he signed earlier this year will help limit costs for health care and energy. However, he said that “in six short weeks, Americans are …
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On Friday, gold prices are trading unchanged in early US trading session. The softer US dollar index is being balanced by a drop in crude oil prices to a five-week low overnight. US bond yields have risen a bit late this week, which leans slightly bearish for the safe-haven metals. …
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