Metals lose steam at the start of the Fed meeting. XAU / USD hit a two-day high, but then fell back to $ 1790. The dollar gains momentum throughout the market, DXY rebounds after Monday’s slide. The oro It is trading around $ 1792, the same level as Monday’s close. Hours ago, the XAU / […]
Tag: Oro
Forex Today – Asian Session: Dollar Bulls Paused Ahead of Critical Central Bank Announcements
What you need to know on Tuesday, November 2: The dollar was lower on Monday against most major rivals, but its upside potential remains intact. Market participants were cautiously optimistic pushing global equities higher and favoring a modest rally in government bond yields. However, several central banks will release new monetary policy decisions, including the […]
XAU / USD continues to bounce and mark highs above $ 1790
Gold recovers after the sharp fall on Friday, and after maintaining key moving averages. The dollar, with mixed results in the market, loses strength after the American session. Week with Fed meeting and key US data anticipates volatility. The Gold is up 0.41% so far on Monday and is trading at the daily highs at […]
XAU / USD struggles to gain traction ahead of key central bank meetings
The price of gold gains some positive traction on Monday and moves away from the lows of more than a week. Stagflation risk concerns turn out to be a key factor benefiting the yellow metal. The rally lacks bullish conviction ahead of central bank events this week. The price of oro (XAU / USD) It […]
XAU / USD falls to lows of more than a week, below $ 1,780
A strong recovery in USD demand triggered an aggressive sell of gold on Friday. The USD got some support from high US bond yields and bullish expectations from the Fed. A softer risk tone could provide some support for the safe-haven metal and limit further losses. Gold (XAU) saw aggressive selling during the early American […]
XAU / USD still below $ 1800, limited in both directions
Gold is still struggling to hold above $ 1800, still retaining important short-term support. Fall in equity markets and rise in yields complicate the picture. Gold is losing ground on Friday moderately. The price failed to return above $ 1800 and fell to $ 1790, the low in two days before bouncing back to $ […]
Forex Today – Asian Session: Dollar Selling Spiral Could Continue on Friday
What you need to know on Friday, October 29: The dollar tumbled after two top-tier events, ending the day with a sharp decline in all currency markets. The preliminary estimate of the Gross Domestic Product for the third quarter rose a modest 2%, disappointing expectations. Wall Street rebounded from Wednesday’s slide as low growth points […]
XAU / USD falls back sharply from $ 1,810, dips towards $ 1,790
Metals cannot benefit from a sharp decline in the US dollar across the board. The XAU / USD faces resistance at $ 1,810 and does not hold above $ 1,800. The oro It fell almost $ 20 in the last hour and turned negative during the day. The XAU / USD jumped to $ 1,810, […]
XAU / USD Closes Closer to $ 1,800 Amid Falling Yields / USD Weaker
Gold attracted some buying for the second day in a row on Wednesday. As US bond yields receded, the weaker USD acted as a tailwind for commodities. Aggressive central bank expectations could continue to limit the metal’s gains. The oro (XAU / USD) It continued to show some resistance below the confluence of the 100/200 […]
XAU / USD faces downward pressure and tests support at $ 1,782
After Tuesday’s sharp decline, the technical outlook for gold was pointing south. The metal is looking at the lows of Tuesday and last Friday in the area of ​​$ 1,782. Fall in Treasury yields helps limit declines in XAU / USD. The Gold is falling for the second day in a row on Wednesday, although […]
