Gold price is holding on to recent gains and remains near $1800. The weakness of the dollar offsets the rebound in Treasury yields. With no impact data on Tuesday, the focus is on US inflation on Wednesday. The price of gold rose modestly on Tuesday and traded in a small range amid calm financial markets. […]
Tag: gold
Gold Price Forecast: XAU/USD trades modest losses, downside looks limited
Gold sees some selling on Tuesday and reverses some of the positive movement from the previous day. A positive tone around equity markets acts as a headwind for the safe-haven yellow metal. Falling US bond yields keep the dollar on the defensive and seem to offer XAU/USD support. The gold price it moves lower on […]
Recovery above $1,800 for gold
A weaker dollar and a drop in US bond yields revived investor interest in gold, which ended today’s trade regaining the psychological level of $1,800. Specifically, the December gold contract closed at $1,805.2 an ounce, up 0.8% or about $14. The intense uncertainties at the time have not highlighted the character of gold as a […]
Gold Forecast: XAU/USD tests 50-DMA near $1,790 as buyers eye $1,800
Gold price rises on Monday, rising 0.72%, as US bond yields fall. Broad US dollar weakness is keeping the unprofitable metal afloat, underpinned by the US-China conflict over Taiwan. Fed’s Bowman: Supports a 75 basis point hike in September and supports “similar sized” moves in upcoming meetings. Gold Price Forecast (XAUUSD): Neutral to Bearish below […]
Gold Forecast: XAU/USD Flirts With Daily High and Holds Above $1,780 Amid Dollar Weakness
Gold regains positive traction on Monday amid falling US bond yields and dollar weakness. The boost in risk appetite coupled with hawkish expectations from the Fed should cap gains. The market’s focus will continue to be on Wednesday’s US consumer inflation data. Gold manages to attract new purchases on Monday and maintains its constant intraday […]
Gold Forecast: XAU/USD Loses $20 From Daily Highs Following US Jobs Data
The price of gold extends its gains to three consecutive weeks, rising 0.54%. Stellar US jobs data puts more pressure on the Fed, while next week’s CPI is expected. The disputes between the United States and China add more uncertainty to the global economic outlook. Gold prices remained on the defensive late in the American […]
The ‘ghost’ of the Fed cut off gold’s supply
The jitters caused by extremely strong US labor market data also derailed gold, which ended its third straight week of gains but pared gains after today’s decline. In particular, the gold contract for December delivery ended trading at $1,791.20 an ounce, down $15.50, or 0.9%. For the week, however, the precious metal gained 0.5%, according […]
Gold Price Forecast: XAU/USD pulls back from its one-month high prior to the US NFP.
Gold prices pull back on Friday, eroding some of the previous day’s gains to a one-month high. A modest dollar strength turns out to be a key factor putting some pressure on the yellow metal. Recession fears and geopolitical tensions should limit losses ahead of the US NFP report. The Prayed It attracts some sellers […]
Gold regained $1,800 with new gains of 1.7%
Gold regained the psychological level of $1,800 today as investors appeared to refocus on signs of an impending recession. In particular, the contract of December of gold ended trading at $1,806.9, up 1.7%, marking its highest close since June 30. The decline in US government bond yields combined with the weakening of the dollar gave […]
Gold Forecast: XAU/USD pulls back from 1-month highs, remains offered above $1,775
Gold climbs higher during the early American session and updates one-month highs. Geopolitical tensions, recession fears, declining US bond yields and dollar weakness offer some support. Signs of stability in financial markets act as a headwind ahead of Friday’s NFP report. Gold dipped a bit from the one-month highs reached during the first hour of […]
