Tag Archives: Gold

Gold prices declined, affected by the dollar’s rise, as investors await key inflation data in the United States and the Federal Reserve’s decision to raise interest rates due this week. The spot gold price fell 0.2% to $1793.44 an ounce as of 00:09 GMT, and US gold futures fell 0.3% …

Gold prices were able to touch the official targets during the technical report issued last Friday at the price of 1805, recording its highest level of $1806 per ounce. Technically, gold prices started their weekly trading on a bearish slope as a result of the rise of the US dollar …

The dollar rose against the euro on Friday after US producer price data for November came in slightly higher than expected, casting doubt on whether the Federal Reserve will slow down the pace of interest rate hikes at its meeting next week. The data showed US producer prices rose 0.3 …

Gold prices rose on Friday, supported by a weak dollar, while investors prepared for important inflation data in the United States and the Federal Reserve’s decision to raise interest rates next week. Spot gold increased 0.2% to $1,793.16 an ounce by 0241 GMT, but has fallen 0.3% since the beginning …

Positive trades dominated gold prices within the gradual upward path, as we expected, relying on the success of gold prices in forming a solid support ground around 1764, in addition to confirming the breach of the 1786 resistance level, for gold to record its highest price during the early trading …

GOLD prices rallied on Thursday, erasing this week’s previous 1.4% drop in Dollar terms as the US currency retreated once more on the FX market ahead of next week’s expected slowdown in Federal Reserve rate hikes, helping New York equities push higher despite a rise in longer-term interest rates in …

On Thursday, the dollar recouped some of the losses it posted the day before, as investors focused on expectations of the Federal Reserve’s monetary policy path amid fears that higher interest rates could trigger a recession. With the Bank of Japan holding long-term bond yields near zero, the yen weakened …

Gold prices witnessed a trading session that tended to be positive, after it succeeded in building on the support floor published during the previous technical report at 1764, and as a reminder, we adhered to intraday neutrality yesterday due to the conflicting technical signals, explaining that the activation of buying …

The US dollar recorded fresh losses on Wednesday against most of major rival currencies. The dollar’s decline was contained, but it is obvious that further declines are probable.Earlier in the day, China announced a series of measures easing Covid-linked restrictions. The US Treasury yield curve inverted the most in over …

According to Credit Suisse’s Zoltan Pozsar “gold could double to $3,600 per ounce if Russia responds to G7’s oil price cap by a decision accepting gold for crude oil amid what he has described as unthinkable macro scenarios”.Pozsar further noted that a year-end money-market liquidity crunch is probable if Russia …