Gold 1 OZ (XAU=X) four-week-old price uptrend is in place

Gold 1 OZ (XAU=X) four-week-old price uptrend is in place

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

Gold 1 OZ (XAU=X) turned more bullish recently

Gold 1 OZ (XAU=X) turned more bullish recently

Gold 1 OZ (XAU=X) turned more bullish recently World stock markets were mostly higher overnight as global traders and investors chose to focus on improving prospects for a U.S.-China trade deal, instead of the uncertainty of leadership of the United Kingdom. U.S. stock indexes are pointed toward higher openings when the New York day session […]

GOLD 1 OZ (XAU=X) May Test 200-Day Moving Average

GOLD 1 OZ (XAU=X) May Test 200-Day Moving Average

GOLD 1 OZ (XAU=X) May Test 200-Day Moving Average Gold may well break out of the upper end of its recent trading range and challenge the 200-day moving average (DMA), aided by recent dovish comments from Federal Reserve officials, says Bart Melek, head of commodity strategy with TD Securities. He cites recent Fed communications that […]

GOLD 1 OZ (XAU=X) could potentially see further strength

GOLD 1 OZ (XAU=X) could potentially see further strength

GOLD 1 OZ (XAU=X) could potentially see further strength The spot gold market is sharply higher by $20.91 per-ounce at $1241.12. The metal is up a solid 1.71% thus far on the session, and could potentially see further strength if outside markets continue on their current course. Heavy resistance may be seen around the October […]

GOLD 1 OZ (XAU=X) Prices Pop On U.S.-China Trade War Cease-Fire

GOLD 1 OZ (XAU=X) Prices Pop On U.S.-China Trade War Cease-Fire

GOLD 1 OZ (XAU=X) Prices Pop On U.S.-China Trade War Cease-Fire Gold bears have still the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at the October high of $1,252.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical […]

GOLD 1 OZ (XAU=X) Consolidating

GOLD 1 OZ (XAU=X) Consolidating

GOLD 1 OZ (XAU=X) Consolidating February Comex Gold futures finished lower on Friday, completing a mostly sideways trade that ended with a lower close on the weekly chart. The market was primarily supported by a dovish outlook for interest rates, but gains were capped by a stronger U.S. Dollar. Safe-haven buying continued to support the dollar, […]

GOLD 1 OZ (XAU=X) U.S. interest rates are just below “neutral” levels

GOLD 1 OZ (XAU=X) U.S. interest rates are just below “neutral” levels

GOLD 1 OZ (XAU=X) U.S. interest rates are just below “neutral” levels Technically, the gold bears still have the overall near-term technical advantage but the bulls have gained some upside momentum late this week. Gold bulls’ next upside near-term price breakout objective is to produce a close in February futures above solid technical resistance at […]

GOLD 1 OZ (XAU=X) struggling to make gains

GOLD 1 OZ (XAU=X) struggling to make gains

GOLD 1 OZ (XAU=X) struggling to make gains The gold market remains on the back foot, struggling to make gains despite little change in an update reading of the U.S. economy. Wednesday, the second preliminary reading of U.S. Gross Domestic Product showed that the economy grew 3.5% in the third quarter, unchanged from the previous […]

GOLD 1 OZ (XAU=X) supported by fears of a slowdown

GOLD 1 OZ (XAU=X) supported by fears of a slowdown

GOLD 1 OZ (XAU=X) supported by fears of a slowdown Gold futures are trading higher on Monday shortly before the regular session opening. The market is being supported by fears of a slowdown in global economic growth which could curtail central bank attempts to raise rates, especially the U.S. Federal Reserve. Uncertainty over trade dispute […]

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good Gold futures finished nearly flat last week as investors renewed their struggle with the U.S. Dollar. The week started out promising for gold bulls as investors reacted to a weaker dollar. The greenback was driven lower by speculators betting on dampening inflation concerns and […]

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead Spot gold has stood strong against a weaker dollar, with the precious metal’s spot price hovering at around $1228 – one of the highest levels it has seen since 11 November where it hit $1230 per ounce. The price of gold is tracking […]

GOLD 1 OZ (XAU=X) Support at $1,184.30

GOLD 1 OZ (XAU=X) Support at $1,184.30

GOLD 1 OZ (XAU=X) Support at $1,184.30 Technically, gold bears have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at the November high of $1,239.30. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at the September […]

GOLD 1 OZ (XAU=X) Prices Firmer Amid Weak U.S. Stock Market

GOLD 1 OZ (XAU=X) Prices Firmer Amid Weak U.S. Stock Market

GOLD 1 OZ (XAU=X) Prices Firmer Amid Weak U.S. Stock Market Gold bears have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at the November high of $1,239.30. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support […]

GOLD 1 OZ (XAU=X) support at $1,218.50

GOLD 1 OZ (XAU=X) support at $1,218.50

GOLD 1 OZ (XAU=X) support at $1,218.50 Technically, the gold bears have the overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid technical resistance at the October high of $1,246.00. Bears’ next near-term downside price breakout objective is pushing prices below solid […]

GOLD 1 OZ (XAU=X) focus of the market has turned slightly to geopolitical issues

GOLD 1 OZ (XAU=X) focus of the market has turned slightly to geopolitical issues

GOLD 1 OZ (XAU=X) focus of the market has turned slightly to geopolitical issues GOLD PRICES rose against a falling US Dollar on Friday, halving last week’s 1.9% drop to trade back above $1220 per ounce as Western stock markets fell and crude oil rallied from this month’s 17% plunge so far. Gold priced in […]

GOLD 1 OZ (XAU=X) solid technical resistance at $1,230.00

GOLD 1 OZ (XAU=X) solid technical resistance at $1,230.00

GOLD 1 OZ (XAU=X) solid technical resistance at $1,230.00 Technically, the gold bears still have the overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid technical resistance at $1,230.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at […]

GOLD 1 OZ (XAU=X) show minimal price reactions

GOLD 1 OZ (XAU=X) show minimal price reactions

GOLD 1 OZ (XAU=X) show minimal price reactions Gold prices are near unchanged and hovering just above $1,200.00 in early U.S. trading Wednesday. The silver market is slightly down and dipped to a nearly three-year low overnight. Both metals showed minimal price reactions to just-released U.S. inflation data. December gold futures were last up $0.70 […]

GOLD 1 OZ (XAU=X) Support at $1,190.00

GOLD 1 OZ (XAU=X) Support at $1,190.00

GOLD 1 OZ (XAU=X) Support at $1,190.00 Technically, the gold bears have the firm overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid technical resistance at $1,225.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at […]

GOLD 1 OZ (XAU=X) have hit four-week low

GOLD 1 OZ (XAU=X) have hit four-week low

GOLD 1 OZ (XAU=X) have hit four-week low Technically, the gold bears have the firm overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid technical resistance at last week’s high of $1,238.40. Bears’ next near-term downside price breakout objective is pushing prices […]

GOLD 1 OZ (XAU=X) interest-rate decision from the US Federal Reserve today

GOLD 1 OZ (XAU=X) interest-rate decision from the US Federal Reserve today

GOLD 1 OZ (XAU=X) interest-rate decision from the US Federal Reserve today Gold drifted lower for the fourth session running on Thursday, touching 1-week lows at $1222 per ounce in London ahead of today’s interest-rate decision from the US Federal Reserve – widely expected to leave policy unchanged. The Dollar itself eased back on the […]

GOLD 1 OZ (XAU=X) solid technical support at $1,200.00

GOLD 1 OZ (XAU=X) solid technical support at $1,200.00

GOLD 1 OZ (XAU=X) solid technical support at $1,200.00 Technically, gold bulls and bears are on a level overall near-term technical playing field. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at the October high of $1,246.00. Bears’ next near-term downside price breakout objective is pushing prices […]

GOLD 1 OZ (XAU=X) investors await the outcome of the U.S. mid-term elections

GOLD 1 OZ (XAU=X) investors await the outcome of the U.S. mid-term elections

GOLD 1 OZ (XAU=X) investors await the outcome of the U.S. mid-term elections Gold prices are moderately higher in early U.S. trading Tuesday, supported in part by the U.S. dollar index backing down from the 16-month high scored last week. Look for a quieter trading session in the metals and in many other markets, as […]

GOLD 1 OZ (XAU=X) traders eyed some weakness in the U.S. dollar

GOLD 1 OZ (XAU=X) traders eyed some weakness in the U.S. dollar

GOLD 1 OZ (XAU=X) traders eyed some weakness in the U.S. dollar Gold prices posted a slight decline on Monday, holding above $1,230 an ounce for a third straight session as traders eyed some weakness in the U.S. dollar a day ahead of the closely watched midterm elections. Gold for December delivery GCZ8, -0.15% edged […]

GOLD 1 OZ (XAU=X) Increased Appeal as Safe Haven Asset

GOLD 1 OZ (XAU=X) Increased Appeal as Safe Haven Asset

GOLD 1 OZ (XAU=X) Increased Appeal as Safe Haven Asset Gold futures posted a two-sided trade last week before settling marginally lower. The volatility was mostly fueled by the movement in the U.S. Dollar which was driven by U.S. economic data, stock market volatility and reports of a potential trade deal between the United States […]

GOLD 1 OZ (XAU=X) Prices Powered Up By Greenback

GOLD 1 OZ (XAU=X) Prices Powered Up By Greenback

GOLD 1 OZ (XAU=X) Prices Powered Up By Greenback Gold and silver prices are posting strong gains in early-afternoon U.S. trading Thursday. Traders in both metals have stepped in to buy the dips on some perceived bargain hunting, and by heavy short covering from the futures traders. Also, precious metals are seeing good buying interest […]

GOLD 1 OZ (XAU=X) increasingly in need of supporting fundamentals to carry it higher

GOLD 1 OZ (XAU=X) increasingly in need of supporting fundamentals to carry it higher

GOLD 1 OZ (XAU=X) increasingly in need of supporting fundamentals to carry it higher To start the week off, gold prices slipped on Monday, ending its three month highs in previous sessions after mounting pressure from a strong US dollar and a return to risk taking assets in the aftermath of the recent global market […]

GOLD 1 OZ (XAU=X) less risk aversion

GOLD 1 OZ (XAU=X) less risk aversion

GOLD 1 OZ (XAU=X) less risk aversion Gold prices are moderately lower in early-afternoon U.S. trading Monday. Some profit taking from the shorter-term futures traders is featured. The stronger U.S. dollar index today that is hovering near last week’s nine-week high also worked against the precious metals market bulls today. There is also less risk […]

GOLD 1 OZ (XAU=X) shrugged off dollar strength

GOLD 1 OZ (XAU=X) shrugged off dollar strength

GOLD 1 OZ (XAU=X) shrugged off dollar strength Gold price appears to be decoupling from its inverse relationship to the dollar. For the past month, the gold price has shrugged off dollar strength in favour of equity weakness. Historically, gold has tended to begin its move higher in advance of a dollar decline. Is this […]

GOLD 1 OZ (XAU=X) investors taking advantage of a recent surge in prices to lock in profit

GOLD 1 OZ (XAU=X) investors taking advantage of a recent surge in prices to lock in profit

GOLD 1 OZ (XAU=X) investors taking advantage of a recent surge in prices to lock in profit Gold prices inched lower on Thursday, with some investors taking advantage of a recent surge in prices to lock in profits. Spot gold was down 0.42 percent at $1228.85 an ounce. On Tuesday it hit a more than […]

GOLD 1 OZ (XAU=X) speculators locked in profits from a more than three-month peak

GOLD 1 OZ (XAU=X) speculators locked in profits from a more than three-month peak

GOLD 1 OZ (XAU=X) speculators locked in profits from a more than three-month peak Gold eased on Wednesday as the dollar firmed and speculators locked in profits from a more than three-month peak hit in the previous session. Losses were modest, however, as gold got support from investors looking for insurance from potential further downside […]

GOLD 1 OZ (XAU=X) keener geopolitical uncertainty in the marketplace

GOLD 1 OZ (XAU=X) keener geopolitical uncertainty in the marketplace

GOLD 1 OZ (XAU=X) keener geopolitical uncertainty in the marketplace Gold prices are solidly higher and have hit a nearly three-month high in early U.S. trading Tuesday, boosted by safe-haven demand amid keener geopolitical uncertainty in the marketplace. December gold futures were last up $17.20 an ounce at $1,241.70. December Comex silver was last up $0.223 […]

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. […]