Gold rises to a one-week high on Friday amid a softer tone around the dollar. Recession fears benefit the yellow metal as a safe haven. A good recovery in stock markets and expectations of an aggressive Fed rate hike limit gains. The price of gold (XAU/USD) it has extended the previous day’s bounce above the […]
Tag: Commodities
Forex Today: The dollar remains on the defensive heading into the weekend
This is what you need to know to trade today friday may 20: The US dollar index posted its biggest one-day drop since early March, shedding more than 1% on the day. The sharp drop in US Treasury bond yields hampered demand for the greenback despite risk aversion. Markets remain relatively quiet early on Friday, […]
Silver Price Analysis: XAG/USD hits 1-week highs, bulls look to break above $22.00
Silver has been aggressively bid on Thursday and has risen to a one-week high. Lack of follow through beyond the 50% Fibonacci level justifies bulls’ caution A break below $21 would set the stage for further short-term losses. XAG silver experienced a dramatic intraday reversal and was up nearly 3% from a three-day low around […]
Silver Price Analysis: XAG/USD could pull back to retest yearly low around $20.45
Silver continues this week’s pullback and is down for the second day in a row. The setup favors the bears and supports the prospects for a further move lower. A sustained move above the $22.00 level is needed to nullify the short-term negative bias. The price of silver (XAG/USD) has seen some selling for the […]
Gold Price Forecast: XAU/USD Remains Vulnerable Amid Rate Hike Expectations
Gold extends its sideways consolidation move for the third day in a row on Thursday. Expectations of an aggressive Fed rate hike and high US bond yields act as a headwind for the yellow metal. Recession fears are weighing on investor sentiment and helping to limit the fall in gold prices. The price of gold […]
Forex Today: Safe Haven Flows Return, Spotlight on ECB Meeting Minutes
This is what you need to know to trade today Thursday May 18: With Wall Street’s major indices suffering heavy losses on Wednesday, the US dollar continued to gain strength against its main rivals in the second half of the day. Markets remain risk averse early Thursdaywhile investors expect the European Central Bank (ECB) publish […]
Gold Price Forecast: XAU/USD remains under pressure around the $1,810 region
Gold witnessed selling for the second day in a row on Wednesday amid modest dollar strength. Expectations of an aggressive rate hike from the Fed and rising US bond yields helped the dollar stem its recent slide. Recession fears weigh on investor sentiment and could support the yellow metal as a safe haven. The price […]
Forex Today: Dollar Selling Halts Amid Rising US Yields
This is what you need to know to trade today Wednesday May 18: The dollar seems to have stopped its fall early Wednesday amid rising US Treasury yields. The DXY dollar index, which closed the previous three days in negative territory and lost more than 1% during that period, is moving sideways above 103.00. The […]
Gold Price Forecast: XAU/USD falls below $1,800 to lowest level since late January
Gold attracts fresh selling on Monday and falls to its lowest level since late January. Signs of stability in financial markets weigh on demand for the yellow metal as a safe haven. The break below $1,800 accelerates the decline and paves the way for further losses. The price of Gold (XAU/USD) has weakened further below […]
Gold Price Forecast: XAU/USD struggles near multi-month lows, holding steady around $1,820
Gold rebounds slightly from three-month lows hit earlier this Friday. USD pulls back from two-decade highs and offers some support to XAU/USD. Risk appetite, a rebound in US bond yields and expectations of Fed rate hikes limit the yellow metal’s gains. The price of Gold (XAU/USD) has reversed an intraday decline to the $1,810 zone […]
