What you should know on Tuesday, February 8: The week started in slow motion and the dollar ended the day mixed across the board. It managed to gain some ground against its European rivals, although EUR/USD remained above 1.1400, while GBP/USD hovered around 1.3530. The President of the European Central Bank, Christine Lagarde, poured cold […]
Tag: gold
XAU/USD faces resistance at the $1815 zone
After a positive start on Monday, gold loses strength on the rise in Treasury yields. XAU/USD bullish bias, but without great intensity. The gold is rising modestly on Monday, after pulling away from highs. The value of the zone rose at the beginning of the week to $1815.45, the highest intraday level in a week […]
Gold gains 1.2% per week
Gold closed lower on Friday, although it had fallen below $ 1,800, following the best-kept data on new jobs in the United States. The U.S. economy added another 467,000 jobs in January, according to the Department of Labor. At the same time, the December data were revised upwards to 510,000 positions from 199,000 previously announced. […]
XAU/USD slides back towards $1,800 after better-than-expected NFP report
Gold fell back to $1,800 in recent trading after stronger-than-expected US labor market data. The strong NFP number, strong wage growth and rising participation rate spurred a new buildup of Fed tightening bets. Gold prices (XAU/USD) fell back towards the $1,800 level in recent trading on the back of the latest much better-than-expected US labor […]
Forex Today – Asian Session: Central Banks Put All Currencies In Motion
What you should know on Friday, February 4: European currencies soared after the central bank decisions, putting pressure on the dollar across the currency board. The Bank of England raised its policy rate by 25 basis points to 0.5% as expected as all voting members lined up to go higher, although 4 out of 9 […]
XAU/USD under pressure, falls below $1,800
Gold breaks below $1,800 and falls to its lowest level since Monday. Price testing $1,790 support area; a break down could trigger further losses. Metal under pressure despite falling DXY, hurt by rising US yields. Gold lost more than $10 within minutes after breaking below $1,800. XAU/USD bottomed out at $1,788, reaching the lowest level […]
Gold: Lost the three-day uptrend, held at $ 1,800
Gold closed lower on Thursday, breaking a three-day winning streak but staying above $ 1,800 as investors awaited monthly US employment data to weigh in on the precious metal’s next move. Gold came under pressure from rising US government bond yields, while the dollar lost 0.6% after “unexpectedly negative” data on private sector jobs were […]
Forex Today – Asian Session: Dollar maintains weak position ahead of BOE and ECB
What you should know on Thursday, February 3: The US dollar continued to slide on Wednesday to hit new weekly lows against its high-yielding rivals. The EUR/USD pair hit 1.1329 as the annual EU Consumer Price Index jumped to 5.1% in January, greatly outperforming the 4.4% expected and 5% prior. The reading came a day […]
Third consecutive profitable session for gold
Gold traded lower as dollar and bond yields fell on a sluggish job report in the United States, boosting demand for safe haven amid tensions between Russia and the West over Ukraine. Gold futures for April delivery rose 0.5% to $ 1,810.30 for a third straight session. Gold is still hovering above $ 1,800 and […]
XAU/USD returns above $1,800, and targets $1,810 ahead of ADP
Dollar weakness and stability in Treasury bond yields support XAU/USD. Metals advance Wednesday ahead of ADP report. The gold it bounced off $1,794 and returned $1,800 on the back of a dollar pullback. XAU/USD climbed to $1,804, marking a high for the day. The yellow metal is still far from Tuesday’s high below $1810, but […]
