Gold prices scaled a one-month high on Tuesday as recent signs of rising inflation reinforced demand, although the safe-haven metal gave up some early gains due to a stronger US dollar.Gold dropped slightly by 0.2% to $1,807.21 an ounce by 2:40 p.m. ET, after hitting an intraday high of $1,819.85 …
Read More »The Dollar Advances In Quiet Trading
The US dollar received some market’s attention in the American session, Tuesday afternoon, reaping daily gains against most major rival currencies.Wall Street opened with a firm tone and flirted with all-time highs, but turned lower soon afterwards, with major indexes ending the day mixed. In the absence of relevant news, …
Read More »Gold Prices Fall From a one-week High
Gold prices retreated from a one-week high in weak trading on Tuesday after easing concerns about the mutated Omicron strain of the coronavirus and strong US retail sales data boosted risk appetite. And the price of gold in spot transactions 0.1 percent to 1809.68 dollars an ounce (an ounce) by …
Read More »Gold Price Subdued Around $1800 Amid Flat US Real Yields
The XAU/USD Index has advanced by 0.09% as the last trading week of the year kicks in. The market sentiment is mixed, as a result of Omicron fears and transmissibility, despite being less dull.The weekly chart depicts a neutral bias, though a descending triangle has formed, threatening of pushing prices …
Read More »Gold Declines Marginally With The Rise of The Dollar
Gold prices fell in weak trading on Monday, with the dollar rebounding, although it is still hovering near its highest levels in a week, with increased demand for safe havens due to concerns linked to the pivot omicron. And gold fell in spot transactions 0.1% to $ 1806.60 an ounce, …
Read More »Gold Prices Settled After The Decline in US Treasury Yields
Gold prices stabilized on Monday above the key level of 1,800 dollars an ounce, while a slight decline in US Treasury yields was offset by a rise in the dollar. Spot gold rose 0.1% to $1,809.95 an ounce and has mostly remained above $1,800 since closing above that level for …
Read More »US Dollar Index Slides For The Fourth Consecutive Day
The dollar Index (DXY) slides by 0.07% but manages to remain above the 96.02 figure as the New York session winds down. Omicron-related positive news improved market mood.So, improvement in the market sentiment increased the appetite for riskier assets and consequently weakened the dollar’s safe-haven status despite upward bias, though …
Read More »Gold rises before Christmas as the dollar declines
Gold prices rose on Thursday in limited trading at the end of the year, with the decline of the dollar, which is considered a safe haven, after encouraging results from a study on the mutant Omicron from the Corona virus and increasing optimism about the global economic outlook. And gold …
Read More »AUD/USD Pair Eying US Data
AUD/USD defends 0.7200 resistance breakout, taking rounds to 0.7215-20 during early Thursday morning in Asia.In doing so, the pair remains near the monthly peak of 0.7225, which holds the gate for a rally towards the 0.7300 hurdles. Despite rising virus cases and fears of ore infections during new-year celebrations, positive …
Read More »Gold has moved back above USD 1,800
Gold has perked up on the day following an offer in the US dollar and a bid in global shares. US real yields are the focus pertaining to Federal Reserve expectations. The precious metal has benefitted due to the market being well priced for a hawkish Fed in what has …
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