Gold closed at a one-week high on Wednesday, despite the Federal Reserve’s increasingly aggressive interest rate rhetoric, as geopolitical uncertainty remains as no diplomatic solution emerges that could end Russia’s offensive in Ukraine. . The US Federal Reserve “has signaled that a series of planned interest rate hikes are imminent throughout the year, so gold […]
Tag: gold
XAU/USD presses the upper end of the weekly range
Wall Street futures trimmed Tuesday’s gains as optimism tempered. The better performance of the US dollar undermines the demand for gold. Gold price bounces modestly from a Fibonacci level at $1,925.00 and remains range bound. the price of gold accelerated its advance and reached a new daily high of $1,936.69 a troy ounce, helped by […]
XAU/USD climbs back above $1,930 amid cautious market sentiment
-637836253485105724.png "XAU/USD climbs back above ,930 amid cautious market sentiment")
Gold regains strength on Wednesday amid lack of progress in peace talks between Russia and Ukraine. The Fed’s dovish outlook and elevated US bond yields could act as a headwind for the precious metal. The appearance of some purchases around the USD could help limit the rise in gold prices. The gold has attracted some […]
Forex Today – Asian Session: Dollar Surrenders Despite Worrying Developments
What you should know on Wednesday, March 23: The USD fell against most major rivals on Tuesday, except the Japanese yen, with USD/JPY rising to 121.02, its highest level since February 2016. The dollar advanced during the Asian session, following the example of the rising US government bond yields Fed Chairman Powell hinted at a […]
XAU/USD could soon regain its shine
Gold prices trimmed Monday’s gains as market sentiment improves. Yields on 10-year US Treasury bonds update three-year highs amid aggressive comments from Fed officials. Could we see a minimal job loss recession? Why not? the price of gold declined throughout the European session, now trading near a daily low of $1,922.57, hovering around $1,925. The […]
XAU/USD consolidates within recent range
Gold consolidates within the range of the last three trading days. The aggressive outlook of the Fed and the increase in yields limit the rise of the yellow metal. Increased Russian hostilities in Ukraine and deadlock in peace talks offer support for gold. The price of Gold (XAU/USD) consolidates within a range between $1,922 and […]
XAU/USD rises despite Powell’s aggressive comments
Gold advanced on Monday despite the US dollar and yields rose on the back of Powell’s hawkish line comments. XAU/USD is in the $1,940 zone and is targeting recent highs around $1,950 as inflation and geopolitical concerns persist. Gold (XAU/USD) has been trading mostly higher during US trading hours, despite the latest comments from Fed […]
What can we expect for the yellow metal?
Growing concerns related to the Russian invasion of Ukraine keep investors in cautious mode. Global stock markets are mixed, but government bond yields are on the rise. Gold price is neutral but technical signs point to another move lower. Gold price is trading around $1,925 a troy ounce at the start of the American session […]
The dollar strengthens as the conflict in Ukraine continues, the focus is on Powell
This is what you need to know to trade today monday march 21: The US dollar remains firm, as the market has become risk averse on Monday amid the protracted war between Russia and Ukraine. The escalation of the conflict sank investor confidence after Ukraine refused to give up the beleaguered southern port city of […]
Gold fell 2.8% in the week, palladium “sank” 11%
Gold ended the session with a loss on Friday, extending its weekly losses to 2.8%, the biggest drop on a 5-day basis since November 2021, in a week set by the US Federal Reserve to increase interest rates for the first time since 2018. The price of the precious metal was under pressure from the […]