Gold 1 OZ (XAU=X) short term momentum has turned negative

Gold 1 OZ (XAU=X) short term momentum has turned negative

Gold 1 OZ (XAU=X) short term momentum has turned negative Gold prices dropped on Friday in the wake of a stronger than expected US jobs report. Both non-farm payrolls and the unemployment rate beat expectations, while consumer sentiment came in stronger than expected. US yields moved higher following the solid jobs number, and the dollar […]

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause

Rising Global Debt Ensures that Pullback in Gold 1 OZ (XAU=X) Price Rally is Just a Pause Rising Global Debt Ensures that Pullback in Gold Price Rally is Just a Pause November marked the third month of consolidation for gold bullion and gold equities. Gold bullion closed the month at $1,464, holding above the $1,450 […]

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X) prices takes a break

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X)  prices takes a break

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X) prices takes a break Gold prices surged this year due to greater uncertainty in the global macroeconomic environment. By August, the price briefly regained the $1,500/ounce price point and stood at $1,460/ounce in late November. Over the longer term, gold prices and the dollar tend […]

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future?

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future?

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future? Central banks moved from being net sellers to net buyers of gold in 2010. This big picture trend marks a sea change. Central banks had been dumping gold since the 1960s, in an effort to suppress the price and […]

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit GOLD PRICES are expected to remain at about $1,450 per ounce (oz) in the next three to six months into 2020, supported by the precious metal’s safe-haven value in the face of the US-China trade war, Brexit, and unrest in various parts of the […]

Big banks optimistic for Gold 1 OZ (XAU=X) price

Big banks optimistic for Gold 1 OZ (XAU=X) price

Big banks optimistic for Gold 1 OZ (XAU=X) price Even if the gold price is taking a breather, many experts are certain that a new price increase is imminent. The trade dispute between China and the USA has eased somewhat. As a result, the price of this precious metal has fallen by around seven percent […]

Gold 1 OZ (XAU=X) investors eyeing consumer confidence and on U.S.-China trade talks

Gold 1 OZ (XAU=X) investors  eyeing consumer confidence and on U.S.-China trade talks

Gold 1 OZ (XAU=X) investors eyeing consumer confidence and on U.S.-China trade talks Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery (GCZ19) on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December […]

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase Gold fell for a fourth straight session on Monday, hitting a two-week low as investors’ appetite for riskier assets increased on renewed optimism that a resolution to the protracted U.S.-China trade conflict will soon be reached. U.S. gold futures settled 0.5% lower at $1,456.90 per […]

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside Gold futures are trading slightly lower late in the session on Friday. Rising U.S. Treasury yields helped push up the U.S. Dollar, driving down demand for dollar-denominated gold. The catalyst behind the jump in yields was a pair of industry reports that […]

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues

Gold 1 OZ (XAU=X) prices have remained rangebound amid mixed cues Gold prices remained weak in India today, tracking muted global cues. On MCX, prices of gold futures contracts were down 0.51% to 37,960, extending losses to the third day. Tracking gold, silver also fell, with prices on MCX down 0.36% to ₹44,657 per kg. […]

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front Gold futures settled higher on Tuesday, giving up earlier losses as weakness in U.S. Treasury yields helped to lift prices for the precious metal for a second session in a row. Still, gold found little reason to make a big move higher […]

Gold 1 OZ (XAU=X) Markets Recover After Initial Selloff

Gold 1 OZ (XAU=X) Markets Recover After Initial Selloff

Gold 1 OZ (XAU=X) Markets Recover After Initial Selloff Gold markets initially pulled back during the trading session on Monday, as there were reports of positivity coming out of the calls between the Americans and the Chinese over the weekend, but since then we have seen a complete turnaround in the rhetoric, and now it […]

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations

Gold 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations Gold futures finished a volatile week with a slightly better close, but the precious metal/investment/safe-haven asset, continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations late […]

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets Safe-haven gold prices are moderately down in early U.S. dealings Thursday. The precious metals bulls continue to be hamstrung by rallying world stock markets that saw the U.S. indexes score record highs again overnight. The gold and silver bulls need a fresh dose of geopolitical uncertainty, which […]

Gold 1 OZ (XAU=X) solid technical support at $1,465.00

Gold 1 OZ (XAU=X) solid technical support at $1,465.00

Gold 1 OZ (XAU=X) solid technical support at $1,465.00 Gold prices are modestly up on an upside correction after suffering sharp losses Tuesday. Rallying world stock markets that saw the U.S. indexes score record highs on Tuesday continue to squelch buying interest in the safe-haven metals. December gold futures were last up $4.60 an ounce at 1,488.30. December Comex […]

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22 The price of gold plunged on Tuesday, wiping out more than a week’s worth of progress as keener appetite for risk assets undermined precious metals. Meanwhile, the U.S. services sector rose more than expected in October, allaying fears of recession for […]

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat

Gold 1 OZ (XAU=X) trader and investor risk appetite remains upbeat Gold and silver prices are modestly up in early U.S. trading Monday, despite rallying world stock markets that saw the U.S. indexes score new record highs overnight. December gold futures were last up $2.20 an ounce at 1,513.60. December Comex silver prices were last up $0.113 at $18.16 an ounce. Underlying […]

Gold 1 OZ (XAU=X) may rally further in the days ahead

Gold 1 OZ (XAU=X) may rally further in the days ahead

Gold 1 OZ (XAU=X) may rally further in the days ahead As the calendar turned from October to November, not much changed for gold prices against most of the major currencies. Gold prices did not make much progress in October, and really, since hitting highs at the end of August and beginning of September against […]

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target Consumer spending, which accounts for two-thirds of the US economy, remains healthy at 0.2% growth in September. The strong labor market has allowed for robust spending despite worsening economic conditions worldwide and recessionary pressure building in the US. Business investment, which […]

Gold 1 OZ (XAU=X) steady amid delay in trade deal

Gold 1 OZ (XAU=X) steady amid delay in trade deal

Gold 1 OZ (XAU=X) steady amid delay in trade deal Gold remained flat with a negative bias on domestic futures on October 30 due to a possible delay in the US-China trade pact. Meanwhile, investors across the globe also wait for the decision of the US Federal Reserve’s on interest rates later in the day. […]

Gold 1 OZ (XAU=X) Bulls Held at Bay in Front of Big Data Week

Gold 1 OZ (XAU=X) Bulls Held at Bay in Front of Big Data Week

Gold 1 OZ (XAU=X) Bulls Held at Bay in Front of Big Data Week It’s a big week for US data with high-impact releases set for every day in the remainder of this week. Key of which will be tomorrow’s FOMC rate decision along with the Friday release of Non-Farm Payrolls, each of which can help to keep […]

Gold 1 OZ (XAU=X) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500

Gold 1 OZ (XAU=X) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500

Gold 1 OZ (XAU=X) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500 Gold futures declined Monday, with strength in the U.S. stock market fueling the precious metal’s settlement below the psychologically important level of $1,500 an ounce. Traders awaited this week’s Federal Reserve policy meeting, […]

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price Fresh developments coming out of the Federal Reserve is likely to influence theprice of goldas the central bank is widely expected to deliver another rate cut in October. Fundamental Forecast for Gold: Bullish The price of gold trades within […]

Gold 1 OZ (XAU=X) technical buying gives support

Gold 1 OZ (XAU=X) technical buying gives support

Gold 1 OZ (XAU=X) technical buying gives support Gold prices were largely unchanged on Wednesday, as investors awaited more clarity on the Brexit and the U.S.-China trade war, while some technical buying provided modest support to the bullion. Spot gold was up 0.1% at $1,489.31 per ounce as of 0622 GMT. U.S. gold futures rose […]

Gold 1 OZ (XAU=X) prices up on risk aversion amid the Brexit saga playing out

Gold 1 OZ (XAU=X) prices up on risk aversion amid the Brexit saga playing out

Gold 1 OZ (XAU=X) prices up on risk aversion amid the Brexit saga playing out Gold prices are moderately higher in early U.S. trading Wednesday, on a bit of risk aversion amid the Brexit saga playing out. December gold futures were last up $8.70 an ounce at 1,496.30. December Comex silver prices were last up $0.085 […]

Gold 1 OZ (XAU=X) buyers are being squelched by firmer global equity markets this week

Gold 1 OZ (XAU=X) buyers are being squelched by firmer global equity markets this week

Gold 1 OZ (XAU=X) buyers are being squelched by firmer global equity markets this week Gold prices are modestly down in midday U.S. trading Tuesday. Buyers are being squelched by firmer global equity markets this week, including the U.S. stock indexes trading very close to their yearly and all-time highs. The gold and silver markets are […]

Gold 1 OZ (XAU=X) The COT report remains near-term bearish with commercial shorts just off record levels

Gold 1 OZ (XAU=X) The COT report remains near-term bearish with commercial shorts just off record levels

Gold 1 OZ (XAU=X) The COT report remains near-term bearish with commercial shorts just off record levels The declining Dollar and weaker than expected economic data are supporting gold in October. The Dollar is correcting after approaching the upper trend channel earlier this month. The decline is nearing support near the 200-day MA, and the 9-day RSI is oversold. Prices could […]

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place Technically, the gold bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close […]

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month U.S. retail sales fell 0.3% in September following August’s revised rise of 0.6%, according to the latest data from the U.S. Commerce Department, released Wednesday; the data missed expectations as economists were forecasting an increase of 0.3%. Meanwhile, […]

Gold 1 OZ (XAU=X) back under pressure below $1,500

Gold 1 OZ (XAU=X) back under pressure below $1,500

Gold 1 OZ (XAU=X) back under pressure below $1,500 Gold prices are back under pressure below $1,500 an ounce, weighed down by growing positive investors sentiment that is boosting equity markets; however, one international bank sees prices holding steady through next year. In a recent report, analysts at Credit Suisse said that global economic uncertainty […]

Gold 1 OZ (XAU=X) showing tendencies of correction

Gold 1 OZ (XAU=X) showing tendencies of correction

Gold 1 OZ (XAU=X) showing tendencies of correction Last week saw a continuation of the pullback in Gold prices. As discussed on Monday, a long-term zone of resistance continued to loom large as Gold prices still showed tendencies of correction after this summer’s near-parabolic bullish jump. That resistance zone runs between Fibonacci levels at 1509 and 1527. […]

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise Gold is likely to remain under pressure as long as Treasury yields continue to rise. Furthermore, a weaker U.S. Dollar is not expected to influence gold prices too much until all of the long-hedge positions in the greenback […]

Gold 1 OZ (XAU=X) Cycles Pointing Lower

Gold 1 OZ (XAU=X) Cycles Pointing Lower

Gold 1 OZ (XAU=X) Cycles Pointing Lower Metals and miners have been bouncing after forming interim cycle lows. Our work supports a failed rally that should terminate by mid-October. A trade deal with China (partial or otherwise) could trigger the next selloff in gold. We use cycles to time key turning points in precious metals. […]

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments Gold prices and Brent may suffer after the FOMC minutes are published if the underlying tone in the text does not reflect the same level of urgency for easing that investors are expressing. At the time of writing, overnight index swaps are pricing in […]

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood Gold and silver prices are firmer in early U.S. trading Tuesday. There are several geopolitical matters at work that have traders and investors worldwide in a bit of a risk-averse mood. December gold futures were last up $4.30 an ounce at 1,508.70. […]

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market After a brief respite last month, fear and uncertainty have returned with a vengeance in October. Recent world events have given investors plenty of reasons to fear an expansion of the global trade war. Meanwhile on the domestic front, investors are becoming increasingly alarmed […]

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction Gold and silver prices are trading not far from unchanged in early U.S. trading Thursday. The precious metals traders are looking to the U.S. stock market for direction. More selling pressure in equities would prompt more safe-haven demand for gold and silver. However, a […]

Gold 1 OZ (XAU=X) solid resistance at $1,520.00

Gold 1 OZ (XAU=X) solid resistance at $1,520.00

Gold 1 OZ (XAU=X) solid resistance at $1,520.00 Technically, the gold bulls have the slight overall near-term technical advantage, but a four-month-old uptrend on the daily bar chart has been negated and a four-week-old downtrend is in place. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at $1,520.00. Bears’ […]

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility While other asset classes don’t like increased volatility (signaling greater uncertainty around cash flows, dividends, coupon payments, etc.), precious metals tend to benefit during periods of higher volatility. Heightened uncertainty in financial markets due to increasing macroeconomic tensions (like US-China trade war or the prospect of a no-deal, […]

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth

Gold 1 OZ (XAU=X) fundamentals still leave room for price growth Gold has risen faster than anticipated, but fundamentals still leave room for price growth, said Nolan Watson, CEO of Sandstorm Gold. “I think all of the fundamentals are still backing it in a massive way and I would say for the first time in […]

Gold 1 OZ (XAU=X) recovers, tracking global cues

Gold 1 OZ (XAU=X) recovers, tracking global cues

Gold 1 OZ (XAU=X) recovers, tracking global cues Gold prices gained in futures trades participants made fresh bets, tracking global cues. US stock indexes dipped on Thursday as fresh developments in an inquiry into the impeachment of President Donald Trump offset gains from trade-related optimism fuelled by upbeat comments from China, reported Reuters. A fall in […]

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines Gold prices tumbled on Wednesday as traders absorbed geopolitics and determined that risk off was not in vogue. US yields moved higher putting upward pressure on the US dollar which paved the way for lower gold prices. Gold started the session on the offensive […]

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world Gold could rally another 50% due to the enormous amount of debt hanging around the world, this according to E.B. Tucker, Director of Metalla Royalty & Streaming. The amount of debt is growing tremendously, with the […]

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand Gold prices are trading at a more than one-week high as growth concerns spark renewed safe-haven demand for the yellow metal; however, one analyst isn’t convinced that the current rally can be sustained. December gold futures are […]

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X)

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X)

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X) Fresh comments from a slew of Federal Reserve officials may influence the price of gold as there appears to be a growing dissent at the central bank. FUNDAMENTAL FORECAST FOR GOLD: NEUTRAL The price of gold slipped to a fresh monthly-low ($1483) as […]

Gold 1 OZ (XAU=X) prices hold above $1,500 an ounce following stronger than expected existing home sales

Gold 1 OZ (XAU=X) prices hold above $1,500 an ounce following stronger than expected existing home sales

Gold 1 OZ (XAU=X) prices hold above $1,500 an ounce following stronger than expected existing home sales U.S. economic data continue to have little impact on gold, as prices hold above $1,500 an ounce following stronger than expected existing home sales for August, according to the latest report from the National Association of Realtors (NAR). […]

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates Gold prices are under pressure but holding critical support above $1,500 an ounce as the Federal Reserve cuts interest rates but strikes fairly neutral tone on the U.S. econom and a fractured central bank. In a widely anticipated move Wednesday, the U.S. central […]

Gold 1 OZ (XAU=X) solid resistance at $1,566.20

Gold 1 OZ (XAU=X) solid resistance at $1,566.20

Gold 1 OZ (XAU=X) solid resistance at $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]

Gold 1 OZ (XAU=X) solid resistance of $1,566.20

Gold 1 OZ (XAU=X) solid resistance of $1,566.20

Gold 1 OZ (XAU=X) solid resistance of $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish Gold traders will also be watching Wednesday’s Fed interest rate and monetary policy decisions. A 25-basis point rate cut is widely expected, however, traders will be more interested in how Fed policymakers feel about a December rate cut. Gold futures finished lower for a […]

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26

Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26 Gold prices tested a key pivot zone today on the back of the ECB interest rate announcement with price still holding within a near-term descending pattern. These are the updated targets and invalidation levels that matter on the XAU/USD charts this week. In my […]

Gold 1 OZ (XAU=X) Grasps at Support

Gold 1 OZ (XAU=X) Grasps at Support

Gold 1 OZ (XAU=X) Grasps at Support The next couple of weeks bring two highly-awaited Central Bank rate decisions out of Europe and then the US. Both meetings are expected to produce some form of softening and, at this point, there’s likely a portion of that already priced-in to the Euro and the US Dollar. […]

Gold 1 OZ (XAU=X) positioned for further declines

Gold 1 OZ (XAU=X) positioned for further declines

Gold 1 OZ (XAU=X) positioned for further declines The precious metal suffered its biggest daily loss in almost three years on last Thursday, shedding over $40 thanks to the risk-on mood and positive data from the United States. While Gold is positioned for further punishment in the near term, the downside will be capped by global growth […]

Gold 1 OZ (XAU=X) seeing some renewed interest

Gold 1 OZ (XAU=X) seeing some renewed interest

Gold 1 OZ (XAU=X) seeing some renewed interest The gold market is seeing some renewed interest and is close to unchanged on the day as President Donald Trump fires another salvo in the U.S. trade war with China. Gold price were in solidly negative territory but has cut its losses in initial reaction to the […]

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years Gold prices are trading near steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years. The yellow metal dropped to […]

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40 Technically, August gold futures prices closed near the session high. The bulls have the firm overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events Gold prices are slightly higher in early U.S. trading Monday. The yellow metal and the silver market are treading water just ahead of big U.S. economic events happening as the week progresses. August gold futures were last up $0.80 an ounce at 1,420.10. September Comex silver prices […]

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate Gold prices traded cautiously lower this past week, making for the worst performance over the course of 5 days since the first week of July. While progress was very gradual, there were a couple of notable technical developments. Together, these threaten the precious metal’s rise […]

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40 Technically, August gold futures prices closed near mid-range again today. The bulls have the firm overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]

Gold 1 OZ (XAU=X) solid resistance at $1,500.00

Gold 1 OZ (XAU=X) solid resistance at $1,500.00

Gold 1 OZ (XAU=X) solid resistance at $1,500.00 Technically, the gold bulls still have the solid overall near-term technical advantage. A two-month-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $1,500.00. Bears’ next near-term downside price breakout […]

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line

Gold 1 OZ (XAU=X) price testing wedge-break, trend-line Last week, gold broke out of a multi-week consolidation wedge and looked poised to continue a bit higher following the breakout, but right now we are seeing the initial leg higher wiped away and price working back towards falling inside the wedge. The top-side trend-line of the […]

Gold 1 OZ (XAU=X) resistance at $1,454.40

Gold 1 OZ (XAU=X) resistance at $1,454.40

Gold 1 OZ (XAU=X) resistance at $1,454.40 Technically, August gold futures prices closed near mid-range. The bulls still have the solid overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Prices last Friday hit a six-year high. Gold bulls’ next upside near-term price breakout objective is to […]

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher

Gold 1 OZ (XAU=X) current levels need to be consolidated before the next leg higher I remain bullish for gold in the short-term although current levels need to be consolidated before the next leg higher. The fundamental backdrop for the precious remains positive, with the latest boost coming from dovish commentary from NY Fed vice […]

Gold 1 OZ (XAU=X) solid resistance at $1,442.90

Gold 1 OZ (XAU=X) solid resistance at $1,442.90

Gold 1 OZ (XAU=X) solid resistance at $1,442.90 Technically, the gold bulls have the solid overall near-term technical advantage. A seven-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at the June high of $1,442.90. Bears’ next near-term […]

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart

Gold 1 OZ (XAU=X) scores a bullish “outside day” up on the daily bar chart Technically, the gold bulls have the firm overall near-term technical advantage. Prices today scored a bullish “outside day” up on the daily bar chart. A seven-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective […]

Gold 1 OZ (XAU=X) firm overall near-term technical advantage

Gold 1 OZ (XAU=X) firm overall near-term technical advantage

Gold 1 OZ (XAU=X) firm overall near-term technical advantage Technically, August gold futures prices closed nearer the session low. The bulls still have the firm overall near-term technical advantage and are keeping in place a seven-week-old uptrend in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce […]

Gold 1 OZ (XAU=X) prices glitter after Powell comments

Gold 1 OZ (XAU=X) prices glitter after Powell comments

Gold 1 OZ (XAU=X) prices glitter after Powell comments Gold bulls posed another topside push yesterday on the heels of some dovish comments from FOMC Chair, Jerome Powell. This helped Gold prices to push back above the 1400 marker after a two-week pullback from the fresh six-year-highs that were set in late-June. Yesterday’s risk rally was fairly wide-spread, […]

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy

Gold 1 OZ (XAU=X) Powell cited several concerns regarding the U.S. economy that traders are deeming dovish on monetary policy Gold prices are solidly higher and near daily highs in early U.S. trading Wednesday, following the just-released prepared text from Federal Reserve Chairman Jerome Powell for his speech to the U.S. House of Representatives. Powell cited […]

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage

Gold 1 OZ (XAU=X) bulls still have the firm overall near-term technical advantage Gold prices are moderately higher in early U.S. trading Monday. Trading has been choppy at higher levels recently, but the bulls still have the firm overall near-term technical advantage, and that continues to invite the chart-based traders to the long side of the […]

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide?

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide?

Can a rush into Gold 1 OZ (XAU=X) be a precursor to more negative-yielding debt worldwide? Can a rush into gold be a precursor to more negative-yielding debt worldwide? Wells Fargo asks this question in the latest note to clients as the bank views gold as overvalued at above the $1,400 an ounce level. Gold […]

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand

Gold 1 OZ (XAU=X) $1,430 In Asian Trading On Rising Demand Gold prices are solidly higher in early U.S. trading Wednesday, with prices overnight coming close to taking out the recent six-year high. Gold is seeing some renewed safe-haven demand, fresh chart-based buying and support coming from ongoing notions of easier central bank monetary policies. August […]

Gold 1 OZ (XAU=X) seeing some renewed demand from traders

Gold 1 OZ (XAU=X) seeing some renewed demand from traders

Gold 1 OZ (XAU=X) seeing some renewed demand from traders Gold prices are moderately higher in early U.S. trading Tuesday. The safe-haven metal is seeing some renewed demand from traders and investors as their overall risk appetite is less robust than that which was seen on Monday. August gold futures were last up $5.10 an ounce at 1,394.40. September […]

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs

Gold 1 OZ (XAU=X) prices have started to scale back after finding resistance at prior six-year-highs It was a strong month for gold as prices continued to ascend throughout June, with gains each week of the month into the end of Q2. Price action set a fresh six-year-high by breaking-out to the 1439 level; but buyers weren’t able […]

Gold 1 OZ (XAU=X) could see extreme volatility this week

Gold 1 OZ (XAU=X) could see extreme volatility this week

Gold 1 OZ (XAU=X) could see extreme volatility this week The key event that most attribute to the sharp reversal to the downside in gold last week were comments from Federal Reserve Chairman Jerome Powell and St. Louis Federal Reserve President James Bullard on June 25, which dampened hopes by some investors that Fed policymakers […]

Gold 1 OZ (XAU=X) Prices Consolidating

Gold 1 OZ (XAU=X) Prices Consolidating

Gold 1 OZ (XAU=X) Prices Consolidating Gold prices are lower in early U.S. trading Thursday on some more normal profit taking from the shorter-term futures traders, and on chart consolidation after hitting a six-year high of $1,442.90 in August futures on Tuesday. August gold futures were last down $6.70 an ounce at 1,408.70. July Comex silver […]

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms

Gold 1 OZ (XAU=X) hitting a 6-year high in US dollar terms The spot price of gold has continued to storm upwards, hitting a 6-year high in US dollar terms and a new all-time high in our local Aussie dollars. Spot prices overnight hit US$1,438 per ounce, which is the yellow metal’s highest price since […]

Gold 1 OZ (XAU=X) appears to have shifted to a “buy the dips” mentality from the “sell the rallies”

Gold 1 OZ (XAU=X) appears to have shifted to a “buy the dips” mentality from the “sell the rallies”

Gold 1 OZ (XAU=X) appears to have shifted to a “buy the dips” mentality from the “sell the rallies” Gold prices are posting good gains and are near last week’s six-year high of $1,415.40 in August futures. Safe-haven demand amid heightened geopolitical events is keeping gold prices on the rise. Also, a slumping U.S. dollar index […]

Gold 1 OZ (XAU=X) Next Target $1,450.00

Gold 1 OZ (XAU=X) Next Target $1,450.00

Gold 1 OZ (XAU=X) Next Target $1,450.00 Technically, the gold bulls have the solid overall near-term technical advantage and gained still more power today. Prices are in an accelerating seven-week-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $1,450.00. Bears’ […]

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions

Gold 1 OZ (XAU=X) benefiting from expected interest rate cuts in the US and rising geopolitical tensions The gold price surged above the $1,400/oz level overnight – the first time it has broken that barrier since September 2013 – as demand for the precious metal soars on rising uncertainties. “Gold has benefited from its safe-haven […]

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains

Gold 1 OZ (XAU=X) experiencing a corrective pullback from recent gains Gold prices are modestly lower in early morning U.S. trading Wednesday, on a corrective pullback from recent gains and some position-squaring by the shorter-term futures trades ahead of this afternoon’s FOMC statement. August gold futures were last down $3.60 an ounce at 1,346.90. July Comex silver prices were last […]

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels

Gold 1 OZ (XAU=X) investors cautioned from buying the precious metal at current price levels Wells Fargo said that gold could hit $1,400 an ounce soon, but still cautioned investors from buying the precious metal at current price levels, noting that the metal’s downside potential is much higher than its upside. “It wouldn’t shock us […]

Gold 1 OZ (XAU=X) has turned lower, buffeted by a strong US dollar

Gold 1 OZ (XAU=X) has turned lower, buffeted by a strong US dollar

Gold 1 OZ (XAU=X) has turned lower, buffeted by a strong US dollar Gold has been unable to hold its recent 14-month high and is drifting back towards minor support around $1335/oz. after a Friday rebound in the US dollar. The greenback remains the primary driver for gold and this Wednesday’s FOMC meeting will be […]

Gold 1 OZ (XAU=X) rally takes price into a multi-year trendline

Gold 1 OZ (XAU=X) rally takes price into a multi-year trendline

Gold 1 OZ (XAU=X) rally takes price into a multi-year trendline The immediate gold price advance is vulnerable while below this slope – risk for exhaustion IF price fails a weekly close above 1351. From a trading standpoint, a good place to reduce long-exposure / raise protective stops. Ultimately, we’ll be on the lookout for more favourable entries […]

Gold 1 OZ (XAU=X) heightened trader/investor risk aversion

Gold 1 OZ (XAU=X) heightened trader/investor risk aversion

Gold 1 OZ (XAU=X) heightened trader/investor risk aversion Gold prices are moderately higher in early morning U.S. trading Wednesday. At mid-week there is somewhat heightened trader/investor risk aversion, as evidenced by lower world stock markets today. August gold futures were last up $8.10 an ounce at $1,339.20. July Comex silver prices were last up $0.07 at $14.81 an ounce. European […]

Gold 1 OZ (XAU=X) prices remain under pressure as producer inflation pressures rise in line with expectations

Gold 1 OZ (XAU=X) prices remain under pressure as producer inflation pressures rise in line with expectations

Gold 1 OZ (XAU=X) prices remain under pressure as producer inflation pressures rise in line with expectations Gold prices remain under pressure as producer inflation pressures rise in line with expectations. Tuesday the U.S. Labor Department said its Producer Price Index (PPI) rose 0.1% in May, following April’s increase of 0.2%; the data were in […]

Gold 1 OZ (XAU=X) improved trader/investor risk appetite to start the trading week

Gold 1 OZ (XAU=X) improved trader/investor risk appetite to start the trading week

Gold 1 OZ (XAU=X) improved trader/investor risk appetite to start the trading week Gold prices are solidly lower in morning U.S. dealings Monday, on a corrective and profit-taking pullback from recent gains. Improved trader/investor risk appetite to start the trading week is also a negative for the safe-haven metals. A rebound in the U.S. dollar index […]

Gold 1 OZ (XAU=X) supported by trade tensions and crumbling bond yields

Gold 1 OZ (XAU=X) supported by trade tensions and crumbling bond yields

Gold 1 OZ (XAU=X) supported by trade tensions and crumbling bond yields Gold prices remain close to their 2019 peaks, buoyed up by a range of supportive factors which have added to the luster of all perceived haven assets. Trade tensions remain very high of course, particularly between China and the US where signs of rapprochement […]

Gold 1 OZ (XAU=X) Target $3000

Gold 1 OZ (XAU=X) Target $3000

Gold 1 OZ (XAU=X) Target $3000 Gold hitting $3,000 isn’t just a belief, it’s a “monetary science”, and will happen sooner or later said Dan Oliver, founder of Myrmikan Capital. Oliver said that the Federal Reserve has printed enough money to cause over-capacity in our economy and create a bubble that’s ready to burst. “When […]

Gold 1 OZ (XAU=X) nears 13-month high, but market looks heavily overbought

Gold 1 OZ (XAU=X) nears 13-month high, but market looks heavily overbought

Gold 1 OZ (XAU=X) nears 13-month high, but market looks heavily overbought Gold continues to push higher, prompted by a weaker US dollar and continues risk-off sentiment. The US dollar’s last leg lower was fueled by comments from St Louis Fed President Bullard who said that an interest rate cut may be’ warranted’ soon. Bullard […]

Gold 1 OZ (XAU=X) prices are posting double-digit gains

Gold 1 OZ (XAU=X) prices are posting double-digit gains

Gold 1 OZ (XAU=X) prices are posting double-digit gains Gold prices are posting double-digit gains and hit a nine-week high in early-morning U.S. trading Monday. Safe-haven demand remains in play to start the trading week and the month, as global stock markets are selling off. August gold futures were last up $11.60 an ounce at $1,322.70. July Comex silver prices […]

Gold 1 OZ (XAU=X) investors finally have the fundamentals working on all cylinders to fuel a strong rally

Gold 1 OZ (XAU=X) investors finally have the fundamentals working on all cylinders to fuel a strong rally

Gold 1 OZ (XAU=X) investors finally have the fundamentals working on all cylinders to fuel a strong rally It was a long wait, but bullish gold investors finally had the fundamentals working on all cylinders to fuel a strong rally. The move actually started the previous week when aggressive speculative buyers came in at $1274.60 […]

Gold 1 OZ (XAU=X) poised to continue on breaking support levels

Gold 1 OZ (XAU=X) poised to continue on breaking support levels

Gold 1 OZ (XAU=X) poised to continue on breaking support levels Gold has been clinging to the trend-line from August for the better part of the past 5 weeks, with it only once lifting off it with any meaning. That may soon change as the trend from the February high looks poised to continue on […]

Gold 1 OZ (XAU=X) new trading range of $1,270-$1,290

Gold 1 OZ (XAU=X) new trading range of $1,270-$1,290

Gold 1 OZ (XAU=X) new trading range of $1,270-$1,290 Gold appears to have found a new trading range, which is $1,270-$1,290. The range looks solid as gold prepares to make its next big move. Gold’s next move is still undetermined as it rallies to the top and breaks to the bottom, with support and resistance both […]

Gold 1 OZ (XAU=X) fighting the downtrend, nearing old support zone

Gold 1 OZ (XAU=X) fighting the downtrend, nearing old support zone

Gold 1 OZ (XAU=X) fighting the downtrend, nearing old support zone The downtrend off the February high print at $1,346.8/oz. remains in play, just, while the short-term upside is capped between $1,287/oz. (61.8% Fibonacci retracement) and the May 17 high at $1,289/oz. To break the series of recent lower highs, gold needs to break and […]

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