Gold advanced on Monday despite the US dollar and yields rose on the back of Powell’s hawkish line comments. XAU/USD is in the $1,940 zone and is targeting recent highs around $1,950 as inflation and geopolitical concerns persist. Gold (XAU/USD) has been trading mostly higher during US trading hours, despite the latest comments from Fed […]
Tag: XAUUSD
Forex Today – Asian Session: Dollar Rises on Powell’s Comments
What you should know on Tuesday, March 22: The dollar started the US session on the wrong foot, but strengthened following comments from US Federal Reserve Chairman Jerome Powell. Speaking about the economic outlook at the National Association for Business Economics’ Annual Economic Policy Conference, Powell said if they need to raise the fed funds […]
What can we expect for the yellow metal?
Growing concerns related to the Russian invasion of Ukraine keep investors in cautious mode. Global stock markets are mixed, but government bond yields are on the rise. Gold price is neutral but technical signs point to another move lower. Gold price is trading around $1,925 a troy ounce at the start of the American session […]
XAU/USD trades under pressure as investors seek safety
The gold price is under pressure, despite a sour market mood amid ongoing tensions in Eastern Europe. The US Federal Reserve’s decision had a limited lasting impact on financial markets. XAU/USD is trading at the lower end of the daily range, short-term neutral. The XAU gold has seen little progress since bottoming out on the […]
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 […]
XAU&USD approaching a critical resistance area around $1,960.00
The price of gold broke a three-day downtrend to bounce off a 13-day low. XAU/USD is technically bullish, facing strong resistance around $1,960. the price of gold resumed its advance after the US Federal Reserve’s monetary policy decision, as XAU/USD trades at time of writing at $1,940 a troy ounce, up from Wednesday’s low of […]
XAU/USD Extends Recovery From Monthly Low, Upside Potential Seems Limited
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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 […]
XAU/USD hits new lows below $1,900 after FOMC
XAU/USD is eroding support at $1,900 in a 9% reversal from highs of $2,065. Gold soars to lows of $1,894 after Fed rate hike. Reaction muted after the Federal Reserve confirmed market expectations. gold futures have spiked to new two-week lows at $1,894 per troy ounce on Wednesday following the Federal Reserve’s decision to raise […]
XAUUSD Hits New Weekly Lows Near $1,900
The price of gold hovers around $1,920 before the Federal Reserve policy announcement. DXY and US Treasury yields have risen steadily despite the boost in risk appetite. The bearish 20 and 50 period EMAs add to the decline in XAUUSD. Gold prices fell to a new weekly low of $1,903.84 a troy ounce an hour […]
XAU/USD stops its slide and holds above $1,910 ahead of the Fed
Gold price consolidates above $1,910 on Wednesday. Improving sentiment on expectations of a diplomatic solution to the war between Russia and Ukraine weighs on the USD. The focus will be on the Fed’s projections and Powell’s speech for the next push in the price of gold. The price of gold (XAU/USD) moves sideways during the […]
