-637840527352936784.png "XAU/USD drops to multi-day lows below ,930")
Gold witnesses strong selling on Monday and reverses recent gains to a near two-week high. Hopes for a diplomatic solution to end the war in Ukraine weigh on safe haven XAU/USD. Aggressive expectations from the Fed, rising US bond yields and a stronger dollar add to the intraday selling bias. The Gold was met with […]
Tag: Raw Materials
Dollar loses traction as markets remain choppy
This is what you need to know to trade today friday march 25: The US dollar index DXY pulls back early on Friday after closing the previous two days in positive territory as markets remain choppy as they assess the latest geopolitical developments. The Institute Ifo to release business sentiment data for Germany later in […]
XAG/USD struggles to find direction, trapped in a range around $25.00
-637837069485327236.png "XAG/USD struggles to find direction, trapped in a range around .00")
Silver price is trading in a tight range during the European session on Thursday. The recent range-bound price action could be classified as a bearish consolidation phase. Neutral technical indicators warrant some caution before positioning for a significant drop. The price of silver (XAG/USD) lacks a firm directional bias on Thursday and oscillates between tepid […]
Markets remain cautious ahead of PMI data and Fed speeches
This is what you need to know to trade today Thursday March 24: The dollar capitalized on safe-haven flows on Wednesday and the US dollar index (DXY) closed in positive territory. The cautious market mood helps the greenback preserve its strength against rivals early on Thursday and DXY continues to push higher towards 99.00. IHS […]
XAU/USD climbs back above $1,930 amid cautious market sentiment
-637836253485105724.png "XAU/USD climbs back above ,930 amid cautious market sentiment")
Gold regains strength on Wednesday amid lack of progress in peace talks between Russia and Ukraine. The Fed’s dovish outlook and elevated US bond yields could act as a headwind for the precious metal. The appearance of some purchases around the USD could help limit the rise in gold prices. The gold has attracted some […]
XAU/USD consolidates within recent range
Gold consolidates within the range of the last three trading days. The aggressive outlook of the Fed and the increase in yields limit the rise of the yellow metal. Increased Russian hostilities in Ukraine and deadlock in peace talks offer support for gold. The price of Gold (XAU/USD) consolidates within a range between $1,922 and […]
WTI returns initial gains and remains flat just above $102.00
WTI has extended the move to the upside and has climbed back above the $104.00 level. A worsening in sentiment has benefited the safe-haven USD and weighed on dollar-denominated crude oil prices. Comments of lower demand from the IEA may offset supply concerns. the price of oil WTIthe benchmark for US crude oil, has extended […]
XAU/USD consolidates above $1,930 amid worsening sentiment
It retraces from the previous day’s high and consolidates within a tight range just above the $1,930 level during the European session. There is a slight risk aversion in the markets caused by the lack of progress in the peace talks between Russia and Ukraine. The focus will remain on advancing talks to determine the […]
WTI recovers to $103.00 after IEA says emergency in oil markets may worsen
The head of the International Energy Agency (IEA), Fatih Birol, warned on Friday that “the emergency in the oil markets may worsen“. Additional comments Reducing the demand for oil does not depend only on governments, but also on citizens and corporations. The measures include minors speed limits, work from home, more public transport and days […]
XAU/USD Extends Recovery From Monthly Low, Upside Potential Seems Limited
-637831023664301773.png "XAU/USD Extends Recovery From Monthly Low, Upside Potential Seems Limited")
Gold gains traction for the second day in a row and recovers further from the monthly low. A pullback in US bond yields weighs on the USD and benefits the yielding yellow metal. Risk appetite and bullish Fed outlook should limit further XAU/USD gains. The price of gold (XAU/USD) has built on the previous day’s […]