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 […]
Tag: XAUUSD
Gold Price Forecast: XAUUSD hits daily highs above $1,780
Gold rises fueled by lower yields and dollar correction. XAUUSD attempts to regain bullish initiative after Friday’s pullback. Silver is boosted and climbs 1.70%. Gold advances at the start of the week fueled by a retreating dollar and lower Treasury yields. It is also helped by a rise in equity markets. XAUUSD just broke above […]
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 […]
Gold Price Forecast: XAUUSD Slumps After Jobs Report Towards $1760
Dollar soars after US non-farm payrolls. Metals suffer sharp decline, extending the pullback from highs in weeks. Downside pressure persists and Treasury bond yields rise. Gold lost $25 after the publication of the US employment report. XAUUSD fell to $1764 and then bounced back modestly. It is trading around $1774. The US jobs report numbers […]
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 […]
Forex Today – Asian Session: The dollar is at risk of falling further
What to watch for on Friday, August 5: The dollar fell against most of its major rivals, ending the day near its recent lows, which is usually a sign of further short-term declines. Fears of a global recession resurfaced after the Bank of England announced its latest decision on monetary policy. The central bank raised […]
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 […]
Gold Price Forecast: XAU/USD surges to new daily highs near $1,775
Gold gains ground for the second day in a row on Thursday amid modest dollar weakness. The decline in US bond yields seems to weigh on the dollar and offers support to the commodity. Prospects for further Fed policy tightening could limit the rally ahead of Friday’s NFP. The Prayed builds on the modest rise […]
Forex Today- Asian Session: Wall Street Saved the Day
What to watch for on Thursday, August 4: Tensions eased a bit on Wednesday, sending the greenback lower across the currency board ahead of the US open. However, the dollar regained its poise following the release of an upbeat ISM services PMI, which indicated that the local economy remains resilient. US indices rose, curbing safe-haven […]
Gold Forecast: XAU/USD Sinks on Risk Appetite, Rising US Bond Yields
Gold price retreats from $1,770 on boost from US bond yields. The general strength of the US dollar and the risk impulse, headwinds for gold. Gold Price Forecast (XAUUSD): The failure of the sellers at $1,787 caused the pair to stumble towards the $1,750 area. the price of gold down from $1,770 highs on high […]
