Gold continues to pull back after reaching above $2070 last week. Rise in Treasury bond yields puts pressure on the price of the metal. The yellow metal could remain under pressure until the Fed’s decision. Gold is falling for the second day in a row on Monday and is testing the $1960 zone, where last […]
Tag: XAUUSD
XAU/USD trims daily losses, remains below $2,000
Gold recovers after falling to $1980, loses momentum before $1995. The dollar rises slightly in the market. Treasury bond yields moderate Thursday’s advance. The gold it is falling modestly on Friday and is trading around $1990 ahead of the American session. hours ago, the value of the ounce fell to $1980, and then rebounded to […]
XAU/USD tries to recover ground after sharp drop, reaches $2000
Strong bearish correction finds support in the $1970 area. The metal gains momentum before falling stock markets. Meeting of foreign ministers of Russia and Ukraine ends without progress to stop the war. The gold bottomed out in the Asian session at $1969, the lowest level in three days and after a slight bounce, accelerated higher […]
XAU/USD corrects sharply to the $2000 zone
Precious metal falls as much as 2%, before rebounding slightly. Setback occurs before rise in stock markets and Treasury bond yields. The gold lost $50 in a few minutes and fell back to $2003. It then bounced back and is trading around 2015%, down 1.5% on the day. The pullback comes after reaching $2070 on […]
XAU/USD goes all the way to $2020 for the first time since August 2020
Gold price continues to advance strongly, with significant momentary corrections. The peak was reached in 2020$, from where it later fell back. The gold is rising on Tuesday and finally broke above $2000 and went as far as $2020.90, the highest level since August 2020. Then it experienced a bearish correction to $1999.40. It is […]
XAU/USD falls sharply to $1960 after failing to hold above $2000
Gold erases gains and plunges $40 from highs. The metal lost strength after failing to confirm above $2,000. Downward correction coincided with a rebound in the stock markets and recovery of currencies such as the euro. The gold It reached hours ago as high as $2002.60 an ounce, the highest value since August 2020, but […]
XAU/USD hits new 18-month highs above $2,000
Gold rises for the third day in a row. The dollar gains momentum in a climate of caution in the markets. Silver is also bullish, still below the peak of the Asian session. After a pullback to $1975, gold resumed its gains and just hit new highs since August 2020 at $2001.70. The upward pressure […]
XAU/USD bullish, targeting $1950
Gold remains supported by risk aversion. After bouncing off $1933, it is back close to the highs of the Asian session. At 13:30 GMT, the employment report for February. The gold is rising for the second day in a row on Friday ahead of the release of important US jobs data. The mood of caution […]
XAU/USD hits daily highs above $1,935
Gold rises modestly on Thursday, supported by rally in commodities. Treasury bond yields stabilize after sharp rise on Wednesday. Ahead: Powell again, unemployment benefits and ECB minutes. The gold is rising on Thursday after Wednesday’s pullback, which followed the rejection from levels above $1950. The price of an ounce recently reached as high as $1935.75, […]
XAU/USD falls to $1,930, Ukraine-Russia will hold second round of talks
Gold fell for the first time in the week, down 0.70% amid a better market mood, in the second round of talks between Russia and Ukraine. US Treasury yields rise, and the US dollar follows. XAU/USD Technical Outlook: Bullish bias, although it could extend its downside move before resuming the uptrend. The price of gold […]