Gold (XAU / USD) rallied to near its 50 and 200 DMAs after a brief dip to $ 1,770 on Tuesday. Prices were hit Tuesday by aggressive comments from Powell and traders will be watching for Day 2 of his testimony on Wednesday. Gold prices (XAU / USD) They have recovered from lows on Tuesday, […]
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XAU / USD rises above $ 1,800 on falling US Treasury yields.
-637738830274137412.png "XAU / USD rises above $ 1,800 on falling US Treasury yields.")
Gold is strong as yields on 10-year US Treasuries fall 10 basis points to 1.43%. Risk-off sentiment boosted the XAU / USD outlook as the Omicron variant of COVID-19 threatens to derail economic growth. XAU / USD Technical Outlook: A break above $ 1,807 would expose $ 1,815, followed by $ 1,834. El oro (XAU/USD) […]
XAU / USD gains momentum after yield drop, slows below $ 1800
Fall in Treasury yields propels the yellow metal. XAU / USD remains in the consolidation range, which is bottomed at the recent low. Recovery again faces resistance in the $ 1800 zone. The Gold is rising Tuesday, driven by a sharp drop in Treasury yields, which is even dragging the dollar down in the market, […]
XAU / USD rises sharply as Treasury yields crash
Gold rises more than $ 20 on Friday, in a day of high volatility in the financial markets. Treasury rally propels XAU / USD back above $ 1800 and beyond. Fears about the impact of a new variant of COVID generated a sharp decline in equity markets and a rise in government bonds. In this […]
XAU / USD dips below $ 1,830, new two-week lows
Gold saw new sales for the third day in a row and fell further from multi-month highs. Aggressive expectations from the Fed, high US bond yields and a stronger USD weighed on the metal. The new nerves of COVID-19 could help limit losses and warrant caution from aggressive bearish traders. The oro it extended last […]
XAU / USD bounces off 2-week lows, Fed rate hike expectations limit gains
Gold draws in some lower buying on Monday and halts its recent corrective pullback. The new nervousness around COVID-19 supports the safe-haven precious metal amid persistent inflation fears. Optimistic expectations from the Fed, high US bond yields and a strengthening dollar could limit gains. The Gold has rebounded from a dip in the Asian session […]
XAU / EUR retreats from 14-month highs as aggressive comments from the Fed weigh on gold
The XAU / EUR has once again traded lateralized in the EUR 1630 area after reaching a 14-month high at the beginning of the session. Gold has been weighed heavily in recent trading amid tough vibes from the Fed’s policy makers. Spot gold denominated in euros (XAU / EUR) It hit new 14-month highs on […]
XAU / USD bounces back to $ 1,850 amid risk aversion
Gold is affected by risk aversion that strengthens the dollar, but at the same time favored by lower yields. XAU / USD finds support again at the $ 1,850 zone. The Gold is trading around $ 1,860 practically unchanged from Thursday’s close. It previously had a rapid decline to the $ 1,850 support zone where […]
XAU / USD failure at $ 1,870 opens the door for a retest of $ 1,850
-637728436149423537.png "XAU / USD failure at $ 1,870 opens the door for a retest of $ 1,850")
The XAU / USD falls when the American session begins, it fails to break above $ 1,870. The yields of the US Treasuries remain lateralized, around 1.60%, with the opening of Wall Street. XAU / USD Price Forecast: Failure to conquer $ 1,870, $ 1,850 would be exposed as strong support for the non-performing metal. […]
XAU / USD bulls struggle to find acceptance above downtrend line
Gold struggles to maintain modest intraday gains amid some buying interest around the US dollar. The pullback in US bond yields could help limit losses amid the prevailing cautious sentiment. The optimistic outlook for central banks should continue to limit any significant gains. The oro advanced during the early part of the trading action on […]
