GOLD 1 OZ (XAU=X) failure to break above a key technical level

GOLD 1 OZ (XAU=X) failure to break above a key technical level

GOLD 1 OZ (XAU=X) failure to break above a key technical level Gold prices slipped on Monday, pressured by a rallying dollar and the metal’s failure to break above a key technical level. Spot gold fell 0.3 percent to $1,222.12 per ounce, having hit a 2-1/2-month peak last week at $1,233.26 per ounce. Prices were […]

GOLD 1 OZ (XAU=X) host of worries on the geopolitical front

GOLD 1 OZ (XAU=X) host of worries on the geopolitical front

GOLD 1 OZ (XAU=X) host of worries on the geopolitical front Gold prices are trading modestly higher in early-afternoon U.S. trading Thursday. Today, a host of worries on the geopolitical front rose to the surface to put strong pressure on the U.S. stock market and produce some safe-haven demand for gold, which began to surface […]

GOLD 1 OZ (XAU=X) safe-haven demand for gold

GOLD 1 OZ (XAU=X) safe-haven demand for gold

GOLD 1 OZ (XAU=X) safe-haven demand for gold Gold prices are trading modestly higher in early-afternoon U.S. trading Thursday. Today, a host of worries on the geopolitical front rose to the surface to put strong pressure on the U.S. stock market and produce some safe-haven demand for gold, which began to surface in late-morning action. […]

GOLD 1 OZ (XAU=X) limited the gains for the precious metal

GOLD 1 OZ (XAU=X) limited the gains for the precious metal

GOLD 1 OZ (XAU=X) limited the gains for the precious metal Gold futures edged up Tuesday to mark another finish at their highest since July, but a rally in the U.S. stock market limited the gains for the precious metal. Against a backdrop of relatively stable trading for a leading dollar index, December gold GCZ8, […]

GOLD 1 OZ (XAU=X) Hits 10 Week High

GOLD 1 OZ (XAU=X) Hits 10 Week High

GOLD 1 OZ (XAU=X) Hits 12-Week High Gold prices are holding moderate gains in early-afternoon U.S. trading Monday. Early on, prices hit a 10-week high. Some more safe-haven demand, technical buying and short covering are boosting the yellow metal again today. The bulls have technical strength and momentum to suggest more gains are coming in […]

Expectations for rising interest rates look likely to remain a headwind for GOLD 1 OZ (XAU=X)

Expectations for rising interest rates look likely to remain a headwind for GOLD 1 OZ (XAU=X)

Expectations for rising interest rates look likely to remain a headwind for GOLD 1 OZ (XAU=X)  Gold slipped lower as the dollar rebounded against a currency basket, snapping three days of declines as a sense of calm returned to U.S. stock markets following sharp declines in the previous two sessions. The stock market selloff was […]

GOLD 1 OZ (XAU=X) Breakout

GOLD 1 OZ (XAU=X) Breakout

GOLD 1 OZ (XAU=X) Breakout Gold rebounded sharply on Thursday, as traders returned to the relative safety of precious metals following the worst stock rout since February. U.S. equity markets appear to have stabilized by mid-morning, though downside pressure is likely to persist. Gold Regains $1,200 Precious metals rose across the board Thursday, with gold […]

GOLD 1 OZ (XAU=X) remains on the defensive

GOLD 1 OZ (XAU=X) remains on the defensive

GOLD 1 OZ (XAU=X) remains on the defensive Gold prices remain on the defensive and below critical technical levels as wholesale inflation rises in line with expectations. Wednesday, the U.S. Labor Department said its Producer Price Index (PPI) rose 0.2% in September following a drop of 0.1% in August. The data was in line with […]

GOLD 1 OZ (XAU=X) solid technical resistance at $1,220.70

GOLD 1 OZ (XAU=X) solid technical resistance at $1,220.70

GOLD 1 OZ (XAU=X) solid technical resistance at $1,220.70 Technically, December gold futures bears still have the solid overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,220.70. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support […]

GOLD 1 OZ (XAU=X) worries about precious metals demand coming out of China

GOLD 1 OZ (XAU=X) worries about precious metals demand coming out of China

GOLD 1 OZ (XAU=X) worries about precious metals demand coming out of China Gold and silver prices are solidly lower in early-afternoon U.S. trading Monday, and close to their daily lows. The safe-haven metals did not get any benefit from an uptick in risk aversion to start the trading week today. Instead, both are being […]

GOLD 1 OZ (XAU=X) sign that investors are concerned and seeking a safe haven

GOLD 1 OZ (XAU=X) sign that investors are concerned and seeking a safe haven

GOLD 1 OZ (XAU=X) sign that investors are concerned and seeking a safe haven The ‘paper’ money that we all use is being printed by Governments at an alarming rate. Since this cash is not backed by a physical asset, it is easy, but not good, to keep printing more of it. Government debt around […]

GOLD 1 OZ (XAU=X) solid technical resistance at $1,220.70

GOLD 1 OZ (XAU=X) solid technical resistance at $1,220.70

GOLD 1 OZ (XAU=X) solid technical resistance at $1,220.70 December gold futures prices closed nearer the session low today. Prices are back in the recent trading range, which suggests a market bottom is in place. The gold bears still have the overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to […]

GOLD 1 OZ (XAU=X) climb on safe-haven demand

GOLD 1 OZ (XAU=X) climb on safe-haven demand

GOLD 1 OZ (XAU=X) climb on safe-haven demand Gold, silver price climb on safe-haven demand Precious metal gold was trading higher in morning trade on Wednesday on commodity exchanges following safe-haven demand after equity markets continued to remain under stress. Gold prices are expected to trade higher today, international markets are trading higher by 0.33 […]

GOLD 1 OZ (XAU=X) market bottom in place

GOLD 1 OZ (XAU=X) market bottom in place

GOLD 1 OZ (XAU=X) market bottom in place Technically, gold prices pushed back up into the recent trading range today, which now suggests a market bottom has indeed been put in place, at the August low. The gold bears still have the overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is […]

GOLD 1 OZ (XAU=X) speculators remain skeptical about the bullish rebound

GOLD 1 OZ (XAU=X) speculators remain skeptical about the bullish rebound

GOLD 1 OZ (XAU=X) speculators remain skeptical about the bullish rebound Since establishing a low at US$1,160 in August, gold has made a moderate recovery. Despite the rebound higher in gold price over the past six weeks, speculators remained sceptical about the bullish rebound and continued to bet on the short side. Based on the […]

GOLD 1 OZ (XAU=X) risk aversion remains very low

GOLD 1 OZ (XAU=X) risk aversion remains very low

GOLD 1 OZ (XAU=X) risk aversion remains very low Gold and silver prices are down and have extended overnight losses in early U.S. trading Wednesday. Gold futures prices have dropped to a four-week low. The metals are again seeing pressure from a stronger U.S. dollar index today. Risk aversion remains very low in the world […]

GOLD 1 OZ (XAU=X) prices have been trading sideways

GOLD 1 OZ (XAU=X) prices have been trading sideways

GOLD 1 OZ (XAU=X) prices have been trading sideways Gold bears still have the overall near-term technical advantage. However, prices have been trading sideways for the past month, which begins to suggest a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance […]

GOLD 1 OZ (XAU=X) weaker U.S. dollar index today is prompting a bit of buying

GOLD 1 OZ (XAU=X) weaker U.S. dollar index today is prompting a bit of buying

GOLD 1 OZ (XAU=X) weaker U.S. dollar index today is prompting a bit of buying Gold bears have the overall near-term technical advantage. However, recent sideways price action favors the bulls and suggests a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures […]

GOLD 1 OZ (XAU=X) higher prices are not necessary to sustain good mining projects

GOLD 1 OZ (XAU=X) higher prices are not necessary to sustain good mining projects

GOLD 1 OZ (XAU=X) higher prices are not necessary to sustain good mining projects As gold hovers around $1,200 an ounce, one CEO says that higher prices are not necessary to sustain good mining projects, but may be needed to bring back investor sentiment. “In my perspective, $1,200 gold is a good price…our project performs […]

GOLD 1 OZ (XAU=X) Prices Firmer

GOLD 1 OZ (XAU=X) Prices Firmer

GOLD 1 OZ (XAU=X) Prices Firmer Gold prices are modestly higher in early U.S. trading Thursday. A sharply lower U.S. dollar index that dropped to a 2.5-month low this morning is only giving mild support to the precious metals markets. Risk-on trader and investor attitudes in the world marketplace continue to squelch buyers of the safe-haven […]

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week Gold prices are moderately higher in early-afternoon U.S. trading Wednesday. Gold and silver are supported on some buying back of previously sold positions (short covering) by the shorter-term futures traders. A lower U.S. dollar index on this day also supported some […]

GOLD 1 OZ (XAU=X) Market Bottom is in Place

GOLD 1 OZ (XAU=X) Market Bottom is in Place

GOLD 1 OZ (XAU=X) Market Bottom is in Place December gold futures bears still have the overall near-term technical advantage. However, prices have been trading sideways for three two weeks, which suggests a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance […]

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place Technically, gold bears still have the overall near-term technical advantage. However, recent sideways price action favors the bulls and suggests a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance […]

GOLD 1 OZ (XAU=X) Consolidating for a Reversal Higher

GOLD 1 OZ (XAU=X) Consolidating for a Reversal Higher

GOLD 1 OZ (XAU=X) Consolidating for a Reversal Higher The chart and data that follow highlight non-commercial commodity futures trading positions as of September 11, 2018. Gold is down 0.5 percent in September. If this holds up, it would mark the 6th straight month of declines.  The yellow metal is getting oversold… but oversold momentum […]

GOLD 1 OZ (XAU=X) modest rally after the release of some U.S. economic data

GOLD 1 OZ (XAU=X) modest rally after the release of some U.S. economic data

GOLD 1 OZ (XAU=X) modest rally after the release of some U.S. economic data Gold prices are posting a modest rally after the release of some U.S. economic data, including a very tame inflation report. Some more short covering in the futures markets (the buying back of previously sold, or short, positions) is featured in gold […]

GOLD 1 OZ (XAU=X) Trade Tensions

GOLD 1 OZ (XAU=X) Trade Tensions

GOLD 1 OZ (XAU=X) Trade Tensions December gold bears still have the firm overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at last week’s high of $1,220.70. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at […]

GOLD 1 OZ (XAU=X) point towards a significantly higher price for the precious metal

GOLD 1 OZ (XAU=X) point towards a significantly higher price for the precious metal

GOLD 1 OZ (XAU=X) point towards a significantly higher price for the precious metal The gold price is set in the Comex futures exchange by the trading of futures contracts and not the amount of gold traded in Dubai, India or anywhere else. Therefore, if you want to read the future of gold prices, the […]

GOLD 1 OZ (XAU=X) Further to Fall

GOLD 1 OZ (XAU=X) Further to Fall

GOLD 1 OZ (XAU=X) Further to Fall Technically, December gold futures bears still have the firm overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at last week’s high of $1,220.70. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support […]

GOLD 1 OZ (XAU=X) climbs higher as US dollar eases

GOLD 1 OZ (XAU=X) climbs higher as US dollar eases

GOLD 1 OZ (XAU=X) climbs higher as US dollar eases Gold bears have the solid overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at last week’s high of $1,220.70. Bears’ next near-term downside price breakout objective is pushing prices below solid technical […]

GOLD 1 OZ (XAU=X) Bears Ease Back

GOLD 1 OZ (XAU=X) Bears Ease Back

GOLD 1 OZ (XAU=X) Bears Ease Back There are no major economic reports today because of the U.S. holiday. Furthermore, any price action today will take place under extremely thin-trading conditions. This means be careful buying strength and selling weakness. Gold is likely to continue to be manipulated by the price action in the U.S. […]

GOLD 1 OZ (XAU=X) No Safe-Haven Bid From EM Currencies’ Woes

GOLD 1 OZ (XAU=X) No Safe-Haven Bid From EM Currencies’ Woes

GOLD 1 OZ (XAU=X) No Safe-Haven Bid From EM Currencies’ Woes Gold bears still have the overall near-term technical advantage but a price downtrend on the daily bar chart has been negated to suggest a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close in December […]

GOLD 1 OZ (XAU=X) solid resistance at $1,226.00

GOLD 1 OZ (XAU=X) solid resistance at $1,226.00

GOLD 1 OZ (XAU=X) solid resistance at $1,226.00 Technically, gold bears still have the overall near-term technical advantage but a price downtrend on the daily bar chart has been negated to suggest a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close inDecember futures above solid resistance […]

GOLD 1 OZ (XAU=X) suggests a market bottom is in place

GOLD 1 OZ (XAU=X) suggests a market bottom is in place

GOLD 1 OZ (XAU=X) suggests a market bottom is in place Gold bears still have the overall near-term technical advantage but a price downtrend on the daily bar chart has been negated to suggest a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close in December […]

GOLD 1 OZ (XAU=X) Sees Some Strength

GOLD 1 OZ (XAU=X) Sees Some Strength

GOLD 1 OZ (XAU=X) Sees Some Strength Gold bears still have the overall near-term technical advantage but a price downtrend on the daily bar chart is now in jeopardy. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. Bears’ next near-term downside price breakout objective […]

GOLD 1 OZ (XAU=X) rise in activity in gold options

GOLD 1 OZ (XAU=X) rise in activity in gold options

GOLD 1 OZ (XAU=X) rise in activity in gold options A rise in activity in goldoptions amid geopolitical tensions and a record-long bull marketfor U.S. equities suggests that investors are betting goldprices have found a floor, traders said. Open interest in Comex gold call options giving the holder aright to buy the metal at $1,200 […]

GOLD 1 OZ (XAU=X) has stiff resistance at $1167.10

GOLD 1 OZ (XAU=X) has stiff resistance at $1167.10

GOLD 1 OZ (XAU=X) has stiff resistance at $1167.10 Based on the early price action, the direction of the December Comex Gold market the rest of the session is likely to be determined by trader reaction to the downtrending Gann angle at $1198.70. A sustained move under $1198.70 will indicate the presence of sellers. If […]

GOLD 1 OZ (XAU=X) Firms On Safe-Haven Buying

GOLD 1 OZ (XAU=X) Firms On Safe-Haven Buying

GOLD 1 OZ (XAU=X) Firms On Safe-Haven Buying Gold was also in the positive territory, and AE said the dollar has been trading mixed, edging out a fresh low against a generally firmer Euro while gaining on the Pound and Australian Dollar, among other currencies. Potentially limiting the advance are concerns that criminal convictions of […]

GOLD 1 OZ (XAU=X) Global Geopolitical Tensions Could Boost Prices

GOLD 1 OZ (XAU=X) Global Geopolitical Tensions Could Boost Prices

GOLD 1 OZ (XAU=X) Global Geopolitical Tensions Could Boost Prices Gold prices have followed a downward trend since the beginning of this year, primarily due to lower demand. In the first two quarters, demand for gold bars, gold-backed exchange traded funds (ETFs) and gold jewelry was particularly low, leading to lowest global demand for gold […]

GOLD 1 OZ (XAU=X) posting decent gains

GOLD 1 OZ (XAU=X) posting decent gains

GOLD 1 OZ (XAU=X) posting decent gains Gold bears still have the overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. \ Bears’ next near-term downside price breakout objective is […]

GOLD 1 OZ (XAU=X) Sell Off Might Not be Over

GOLD 1 OZ (XAU=X) Sell Off Might Not be Over

GOLD 1 OZ (XAU=X) Sell Off Might Not be Over Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. Bears’ next near-term downside price breakout […]

GOLD 1 OZ (XAU=X) has Deteriorated

GOLD 1 OZ (XAU=X) has Deteriorated

GOLD 1 OZ (XAU=X) has Deteriorated Gold prices edged down, wrapping up a corrective bounce following overnight 1.5-year lows. The December Comex gold futures were last seen trading at $1,182.70, down 0.19% on the day. Technically, gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next […]

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62 Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. Bears’ next near-term downside price breakout […]

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers Traders said weak demand from local jewelers and retailers at domestic spot market weighed on the gold prices. Technically, gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout […]

GOLD 1 OZ (XAU=X) down around 6.7% so far this year

GOLD 1 OZ (XAU=X) down around 6.7% so far this year

GOLD 1 OZ (XAU=X) down around 6.7% so far this year Gold prices are down around 6.7% so far this year, pressured lower by the stronger dollar and rising interest rates. Investors have also shunned the precious metal despite an escalation in global trade tensions, indicating that gold may be losing its safe haven status. […]

GOLD 1 OZ (XAU=X) seeing some stabilization

GOLD 1 OZ (XAU=X) seeing some stabilization

GOLD 1 OZ (XAU=X) seeing some stabilization Gold and silver prices are steady to slightly higher in quieter early-afternoon U.S. trading Thursday. Both metals are seeing some stabilization this week after recently notching 12-month lows. December gold futures were last down $0.10 an ounce at $1,220.90 Gold got a slight boost following this morning’s U.S. […]

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar

GOLD 1 OZ (XAU=X) edged up on a steady U.S. dollar Gold prices edged up on a steady U.S. dollar early Tuesday, but expectations for further interest rate hikes in the United States supported the greenback and limited interest in the metal. Gold prices have declined nearly 12% since mid-April, pressured by a stronger US […]

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms

GOLD 1 OZ (XAU=X) Down, But Potential Upside Spark Looms Global stock markets were mostly lower overnight, led by losses in Asia, on fears of a protracted trade war between the world’s two largest economies: the U.S. and China. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins. […]

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger

GOLD 1 OZ (XAU=X) Gold Prices Gets Stronger Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,250.00. Bears’ next near-term downside price breakout objective is […]

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict

GOLD 1 OZ (XAU=X) monitoring developments in the global trade conflict Gold prices settled lower for the day and for the week on Friday as the bearish trend in the yellow metal continued. Expectations for higher rates tend to be bearish for gold, which struggles to compete with yield-bearing assets when rates rise, while a […]

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage

GOLD 1 OZ (XAU=X) solid overall near-term technical advantage Technically, gold bears still have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in August futures above solid resistance at $1,250.00. Bears’ next near-term downside price […]

GOLD 1 OZ (XAU=X) under heavy selling pressure

GOLD 1 OZ (XAU=X) under heavy selling pressure

GOLD 1 OZ (XAU=X) under heavy selling pressure Fall in demand from local jewellers and retailers at the domestic spot markets weighed on gold prices. Gold prices softened for the second straight day on Tuesday amid a weak global trend but silver rates rose on scattered enquiries from industrial units and coin makers. Experts hoped […]

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis

GOLD 1 OZ (XAU=X) remain fully bearish on a near-term basis Gold and silver prices are slightly lower in early U.S. trading Tuesday. Both metals are not far above last week’s 12-month lows, and their technical postures remain fully bearish on a near-term basis. August gold futures were last down $1.60 an ounce at $1,229.60. […]

GOLD 1 OZ (XAU=X) Support at $1204

GOLD 1 OZ (XAU=X) Support at $1204

GOLD 1 OZ (XAU=X) Support at $1204 GOLD PRICES set new 12-month lows against a rising Dollar on Wednesday in London, touching $1222 per ounce as the US currency rose yet again following weaker-than-expected Eurozone and UK inflation data. Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar […]

GOLD 1 OZ (XAU=X) hovering near their 12-month lows

GOLD 1 OZ (XAU=X) hovering near their 12-month lows

GOLD 1 OZ (XAU=X) hovering near their 12-month lows Technically, the gold bears have the solid overall near-term technical advantage. A three-month-old downtrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the July high of $1,266.90. Bears’ […]

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market

GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market Gold prices are modestly up in early U.S. dealings Thursday. Some short covering in the futures market is featured, following recent selling pressure. Still, buying interest remains squelched by a rally in world stock markets and by a rebounding U.S. dollar index late this […]

Gold Prices Carve Fresh Bearish Sequence After Posting July-High

Gold Prices Carve Fresh Bearish Sequence After Posting July-High

Gold Prices Carve Fresh Bearish Sequence After Posting July-High Gold fell initially to open the day on Tuesday, reaching down to the psychologically important $1250 level. That’s an area that has been important more than once, and of course has a certain amount of psychological importance to it. If we can break above the $1260 […]

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening

Gold Price Bottom: Analysts See Signs That Selling Pressure Is Weakening Gold prices are moderately lower in early U.S. trading Tuesday. The safe-haven metals are suffering from a perceived lack of geopolitical risks in the marketplace at present. A higher U.S. dollar index today is also a negative for the precious metals markets. August gold […]

Gold Prices Up As U.S. Dollar Momentum Fades

Gold Prices Up As U.S. Dollar Momentum Fades

Gold Prices Up As U.S. Dollar Momentum Fades Gold prices are moderately higher in early U.S. trading Monday, supported in part by a slipping U.S. dollar index that fell to a three-week low overnight. Some bargain hunting in the cash market and short covering in the futures market are also featured, following recent losses that […]

GOLD 1 OZ (XAU=X) Sellers Will Take Advantage of Limited Gains

GOLD 1 OZ (XAU=X) Sellers Will Take Advantage of Limited Gains

GOLD 1 OZ (XAU=X) Sellers Will Take Advantage of Limited Gains Technically, gold bears have the firm overall near-term technical advantage amid the price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in August futures above solid resistance at $1,275.00. Bears’ next near-term downside […]

Will the US Dollar Fall Victim to the Trade War

Will the US Dollar Fall Victim to the Trade War

Will the US Dollar Fall Victim to the Trade War Trade war worries drag world stocks lower, yuan steadies Fed June minutes due Thursday, payrolls due Friday Gold rose to a one-week high on Wednesday, extending the prior session’s rebound from a seven-month low, helped by a softer U.S. dollar and smoldering trade policy tensions, […]

Is Gold 1 OZ (XAU=X) Winning the Trade War

Is Gold 1 OZ (XAU=X) Winning the Trade War

Is Gold 1 OZ (XAU=X) Winning the Trade War The Central Bank of Russia has boosted the share of Chinese currency and gold bullion in its reserves, diversifying from traditional holdings of foreign exchange assets like the US dollar. Russia is buying more yuan assets than other global central banks. With the buying spree of […]

GOLD 1 OZ (XAU=X) Rebound From Multi-Month Lows

GOLD 1 OZ (XAU=X) Rebound From Multi-Month Lows

GOLD 1 OZ (XAU=X) Rebound From Multi-Month Lows Gold and silver prices are moderately higher in early U.S. trading Tuesday, on some short covering in the futures markets and perceived bargain-basement buying in the cash markets. Gold hit a 12-month low overnight and silver scored a 6.5-month low on Monday. The key “outside markets” are […]

GOLD 1 OZ (XAU=X) All that glitters is not gold

GOLD 1 OZ (XAU=X) All that glitters is not gold

GOLD 1 OZ (XAU=X) All that glitters is not gold Gold’s losses in June, driven by an ascendant dollar, have put the precious metal on course for its biggest monthly drop since November 2016, when markets were roiled by Donald Trump’s victory in the U.S. election. Gold’s losses in June, driven by an ascendant dollar, […]

GOLD 1 OZ (XAU=X) stays at six-month low despite dollar losing steam

GOLD 1 OZ (XAU=X) stays at six-month low despite dollar losing steam

GOLD 1 OZ (XAU=X) stays at six-month low despite dollar losing steam Gold fell to its lowest level in more than six months on Thursday, as mounting pressure from trade disputes and the expectation of higher U.S. interest rates continue to weigh on bullion, despite the greenback losing steam. Investors are positioning for a potentially […]

GOLD 1 OZ (XAU=X) extends downward trend as dollar remains strong

GOLD 1 OZ (XAU=X) extends downward trend as dollar remains strong

GOLD 1 OZ (XAU=X) extends downward trend as dollar remains strong Gold prices dipped to a fresh six-month low on Wednesday as the U.S. dollar strengthened, making bullion more expensive for buyers using other currencies. Platinum also hit its lowest level since February 2016. Gold prices have shed more than 3 percent this month – […]

GOLD 1 OZ (XAU=X) hits more than six-month low as dollar, equities rebound

GOLD 1 OZ (XAU=X) hits more than six-month low as dollar, equities rebound

GOLD 1 OZ (XAU=X) hits more than six-month low as dollar, equities rebound Gold hit its lowest in over six months on Tuesday as a selloff in global risk assets eased and the precious metal remained under pressure from the prospect that rising U.S. interest rates will further support the dollar. Rising equities tend to […]

GOLD 1 OZ (XAU=X) down 0.54 pct, or 4.42 tonnes

GOLD 1 OZ (XAU=X) down 0.54 pct, or 4.42 tonnes

GOLD 1 OZ (XAU=X) down 0.54 pct, or 4.42 tonnes SPDR Gold Trust GLD, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.54 percent to 820.21 tonnes on Monday from 824.63 tonnes on Friday. In terms of ounces, holdings HLDSPDRGT=XAU fell to 26,370,706.78 ounces from 26,512,801.38. Overall, the bias in prices is: Downwards. […]

GOLD 1 OZ (XAU=X) Weekly Outlook: June 25 – 29

GOLD 1 OZ (XAU=X) Weekly Outlook: June 25 – 29

GOLD 1 OZ (XAU=X) Weekly Outlook: June 25 – 29 Gold looks likely to remain vulnerable amid worries over higher U.S. interest rates boosting Treasury yields, after the yellow metal registered a second weekly decline last week, ending close to its lowest levels since December. Gold futures for August delivery tacked on 60 cents to settle […]

GOLD 1 OZ (XAU=X) Gold Prices Down On Technical Selling

GOLD 1 OZ (XAU=X) Gold Prices Down On Technical Selling

GOLD 1 OZ (XAU=X) Gold Prices Down On Technical Selling Gold prices are moderately lower and hit another six-month low in early-afternoon U.S. trading Wednesday. Silver prices are slightly lower and hit a four-week low. The near-term technical postures for both metals have deteriorated the past week, which is inviting the chart-based sellers into the futures […]

GOLD 1 OZ (XAU=X) Can’t Escape Raw Commodity Downdraft

GOLD 1 OZ (XAU=X) Can’t Escape Raw Commodity Downdraft

GOLD 1 OZ (XAU=X) Can’t Escape Raw Commodity Downdraft Technically, gold bears have the overall near-term technical advantage and have re-established a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in August futures above solid resistance at $1,300.00. Bears’ next near-term downside price […]

GOLD 1 OZ (XAU=X) Gold Bulls Capitulate

GOLD 1 OZ (XAU=X) Gold Bulls Capitulate

GOLD 1 OZ (XAU=X) Gold Bulls Capitulate After the Fed gave a more hawkish perspective on Wednesday, followed by the ECB announcement on Thursday that it would be year-end before they were looking to tighten, forex traders aggressively bought the dollar. There was a delayed reaction until Friday, but metals traders having initially disregarded the […]

GOLD 1 OZ (XAU=X) Downside Risks Persist After Friday Sell-Off

GOLD 1 OZ (XAU=X) Downside Risks Persist After Friday Sell-Off

GOLD 1 OZ (XAU=X) Downside Risks Persist After Friday Sell-Off Gold was again confined to relatively narrow ranges during the first half of the week, although the limited moves belied potentially important trends given important developments across wider asset classes. In this context, volatility increased sharply late in the week, with a slide to 2018 […]

GOLD 1 OZ (XAU=X) Upside Potential For Gold Prices

GOLD 1 OZ (XAU=X) Upside Potential For Gold Prices

GOLD 1 OZ (XAU=X) Upside Potential For Gold Prices Gold is poised to climb in the months ahead despite another U.S. interest-rate hike on Wednesday and prospects for further monetary tightening, said two banks in research notes Thursday. Following the seventh U.S. rate hike this cycle and with the promise of two more before year-end, I […]

GOLD 1 OZ (XAU=X) Potential For Gold-Price Rally Continues To Build

GOLD 1 OZ (XAU=X) Potential For Gold-Price Rally Continues To Build

GOLD 1 OZ (XAU=X) Potential For Gold-Price Rally Continues To Build Although gold’s near-term fortunes lie in the hands of the Federal Reserve, one commodity analyst says that the market is building significant upside momentum. In a report Wednesday, ahead of the Fed’s monetary policy decision, Ole Hansen, head of commodity strategy at Saxo Bank, said […]

GOLD 1 OZ (XAU=X) Pressured Lower to 1,274.80

GOLD 1 OZ (XAU=X) Pressured Lower to 1,274.80

GOLD 1 OZ (XAU=X) Pressured Lower to 1,274.80 Gold prices pressured lower, fundamental cross-currents stall progress Crude oil prices fall on Venezuela output prospects, EIA inventory data De-risking ahead of G7 summit may hurt crude oil as gold treads water Gold prices stalled , torn between the competing influences of a falling US Dollar and […]

GOLD 1 OZ (XAU=X) Re-Evaluating Entry at $1270.00

GOLD 1 OZ (XAU=X) Re-Evaluating Entry at $1270.00

GOLD 1 OZ (XAU=X) Re-Evaluating Entry at $1270.00 Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 1,310.93. The projected upper bound is: 1,318.26. The projected lower bound is: 1,272.13. The projected closing price is: 1,295.20. Candlesticks A white body occurred (because prices closed higher than they […]