The price of gold remains stable after bouncing from its monthly low. DXY pullback underpins rally as yields decline, recession woes test XAU/USD bulls. Cautious sentiment ahead of the Jackson Hole symposium and US data could restrict immediate moves. The Gold price (XAU/USD) remains lateralized near 1,745-46 dollarsafter the rebound from the monthly low, as […]
Tag: XAUUSD
Forex Today – Asian Session: Profit Taking Halts Dollar Rally
What to watch for on Wednesday, August 24: The USD veered south after extending its rally throughout the first half of the day, ending the day lower against most major rivals. The catalyst was dismal US data, as the US Global Services PMI contracted to 44.1. At the same time, the manufacturing index expanded at […]
Gold Price Forecast: XAU/USD remains weak and returns below $1740
The market climate remains cautious. Metals fail to make up ground sustainably. XAUUSD erases daily gains after hitting $1,743. Gold is trading at the $1735 zone unchanged from Monday’s close. The price remains in the low zone in weeks, after a failed recovery. On the positive side, XAU/USD did not make new lows. Silver also […]
Forex Today – Asian Session: The dollar runs and the euro sinks
What to watch for on Tuesday, August 23: Risk aversion gripped financial markets at the start of the week, amid recession fears reaching European shores. Gas prices soared across the region to new all-time highs as Russia announced unscheduled maintenance on the Nord Stream 1 pipeline, announcing that it will shut it down for three […]
Gold Forecast: XAU/USD remains near multi-week lows, looks vulnerable near $1,730
Gold continues to lose ground for the sixth day in a row and falls to a four-week low. The aggressive expectations of the Fed, the increase in the yields of US bonds and the sustained purchase of dollars exert strong pressure. Recession fears and risk aversion momentum could limit the fall of safe haven XAU/USD. […]
Gold Price Forecast: XAU/USD Slumps to 3 1/2-Week Lows Below $1740
Gold accelerates downward trend, in the context of risk aversion. XAUUSD is down more than $60 from the levels of a week ago. Silver falls below $19.00, also the lowest since late July. The Prayed He is still under pressure and is falling again, already accumulating six consecutive days with losses, in which he lost […]
Gold Forecast: XAU/USD extends losses past $1,750
The price of gold slumped 3% for the week, despite investors’ sentiment on the July FOMC minutes. US central bank policy makers continued their campaign against inflation, while acknowledging downside risks to growth. Gold Price Analysis (XAU/USD): The break below $1,750 opened the door to the range of $1,711 to $1,739. the price of gold […]
Gold Price Forecast: XAU/USD Vulnerable, Hits 3-Week Lows Below $1750
The dollar rises throughout the market on Friday. XAUUSD accelerates to the downside and tests $1,750. Price looks vulnerable to the downside due to a combination of risk aversion and rising yields. The Prayed is falling again on Friday and hit a three-week low at $1,749, affected by the stronger dollar backdrop across the market. […]
Gold Forecast: XAU/USD hovers around $1,760 amid buoyant US dollar
The price of gold stumbles below the threshold of $1,760 due to the general strength of the US dollar. Fed officials opposed an “aggressive” stance by the central bank; they emphasized the need to “urgently” bring down inflation again. US housing and labor data were mixed, though mostly ignored by market participants. the price of […]
Forex Today – Asian Session: Dollar soars on hopes US can avoid recession despite aggressive Fed
What to watch for on Friday, August 19: The USD strengthened during US trading hours, rising across the currency board. Market traders appreciated a number of encouraging US macroeconomic figures that suggest the economy has a good chance of skipping recession, even though it is technically in the process of doing so. Investors have changed […]