The price of aluminum climbed to a new all-time high on Wednesday, with nickel also hovering high for more than 10 years and palladium will rally as the Russian-Ukrainian crisis sparked fears of supply chain problems, boosting commodity prices in general. More specifically, three-month aluminum on the London Stock Exchange jumped to a record high […]
Tag: Metals
XAU/USD falls to $1,930, Ukraine-Russia will hold second round of talks
Gold fell for the first time in the week, down 0.70% amid a better market mood, in the second round of talks between Russia and Ukraine. US Treasury yields rise, and the US dollar follows. XAU/USD Technical Outlook: Bullish bias, although it could extend its downside move before resuming the uptrend. The price of gold […]
XAU/USD falls sharply to the $1910 zone
Gold plunges $20 in minutes and then recovers part of the decline. Downward correction comes after breaking support at $1,930 and after failing to advance above $1,950. The gold quickly plummeted to $1912, after breaking below $1930 and then paring losses, rising above $1920. Volatility is expected to continue at extreme levels in the coming […]
XAU/USD is losing $80 as it pulls back from 15-month highs to $1,890
For the week, XAU/USD is down 0.30% so far, breaking three consecutive weeks of gains. Risk appetite in the market and high yields on US Treasuries weighed on the non-yielding metal. XAU/USD Technical Outlook: Bias to the downside as a bearish pattern is looming on the harami candlestick chart. Gold (XAU/USD) will end the week […]
Gold finished the week with losses of 0.6%
The positive reaction immediately shown by the stock markets pushed investors away from gold, leading the price of the precious metal to a significant drop today that finally brought the week closed in negative territory. In particular, after yesterday’s rally, sellers easily prevailed today, with the price in the April contract of gold closing with […]
XAU/USD fails to break $1,920 and falls towards $1,900
After a day of extreme volatility, gold tries to stabilize. Very short-term negative bias, after finding resistance at $1920. The gold is trading in barely positive territory on Friday. The value of the ounce rose hours ago to $1,921, but after failing to hold above $1,920, it lost momentum. It is trading at $1908, the […]
Gold: At a high of about 14 months after the Russian invasion – Gains of 2.4% palladium
Gold closed with gains on Thursday, as Russia’s invasion of Ukraine boosted demand for the precious metal, sending prices to their highest level since January 5, 2021. Clashes between the Russian and Ukrainian armies are raging, as Moscow forces have invaded Ukrainian territory from all sides since morning and besieged Kiev, while at 7 p.m. […]
XAU/USD pulls back from monthly highs, finds support at $1890 zone
The precious metal loses bullish strength after failing to hold above $1,900. The phone tone remains positive, although a confirmed drop below $1890 could trigger further correction. Equity markets recover and Treasury bond yields rise. The gold is falling on Wednesday, correcting lower after reaching $1914 the previous day, the highest intraday level since May […]
XAU/USD fails to hold above $1,900
Gold falls towards $1890 after reversing the intraday trend. Mixed signals from XAU/USD moves. Negative momentum for gold occurs despite dollar weakness. The gold is falling on Tuesday, after reaching hours ago at $1914, the highest level since June 2021. The metal failed to confirm above $1910 and lost strength. A bearish correction started and […]
Dollar holds its ground as risk aversion takes control
This is what you need to know to trade today tuesday february 22: The safe haven money flows began to dominate financial markets late on Monday after the Kremlin announced that Russian President, Vladimir Putin, would sign a decree to recognize the breakaway regions of eastern Ukraine, Donetsk and Luhansk, as independent nations. As of […]