Gold 1 OZ (XAU=X) Higher as Buyers Bet on More Stimulus after Dismal Job Loss Report Gold futures are trading higher late in the session on Thursday after a record surge in U.S. jobless claims weakened the U.S. Dollar and drove up the odds of further government stimulus to combat the devastating effects of the […]
Gold 1 OZ (XAU=X) Markets Test Highs Again But Fail Gold markets have initially tried to rally during the trading session on Wednesday but found trouble at the $1700 level again. By pulling back from there it shows just how resistive that area is, and perhaps more importantly for the future, what breaking above that level […]
Gold 1 OZ (XAU=X) Markets Spiked Again Gold markets have shot straight up in the air on Tuesday, reaching towards the $17 level. The size of the candle is quite impressive, and it does suggest that perhaps demand for gold is starting to pick up again quite drastically, but one thing that is worth paying attention […]
Gold 1 OZ (XAU=X) Markets Continue to Consolidate Gold markets gapped higher during the trading session on Monday to kick off the week, turned around to fall below the 200 day EMA and fill that gap again, only to turn around and rally furthermore. That’s not a huge surprise considering that there is so much in […]
Gold 1 OZ (XAU=X) Could Be Building Support Base at Long-Term Retracement Zone Gold futures edged higher on Friday as selling eased in the global equity markets and demand for the U.S. Dollar softened. Despite the small uptick in prices, gold finished lower for the week as investors sold the precious metal to raise cash […]
Gold 1 OZ (XAU=X) Will Rally Once Stocks Stabilize Gold futures are trading flat-to-lower shortly after the regular session opening on Thursday. The price action suggests investor indecision and impending volatility. The market has been highly correlated with stocks this week, and this relationship appears to be continuing today. Rising Treasury yields and a stronger […]
Gold 1 OZ (XAU=X) showing signs of stability just above the 200 day EMA Gold markets have suffered as of late, but the last couple of days have been going back and forth in order to perhaps show signs of stability just above the 200 day EMA which of course is a widely followed indicator. That […]
Gold 1 OZ (XAU=X) found itself on the chopping block As financial markets around the world cratered this week, gold wasn’t much of a safe haven. While prices briefly flirted with $1,700 an ounce on Monday, selling pressure from every corner of the market spread to bullion too. In the rush to raise cash, investors […]
Gold 1 OZ (XAU=X) Prices Resume Downward March Spot gold prices shook off a mild move to the upside and turned sharply lower again on Thursday in another day of extreme volatility. Gold prices were down $41.30 or 2.53 percent to $1,593.50 after peaking at $1,646.40 and sinking as low as $1,560.60. Comments from U.S. […]
Gold 1 OZ (XAU=X) Prices Fall After Failure to Hold Above $1,700 Gold prices fell on Tuesday as risk assets stabilized in the aftermath of Monday’s rout, while higher bond yields also helped to restore the relative attractiveness of other havens than bullion. By 12 PM ET (1600 GMT), gold futures for delivery on the […]
Gold 1 OZ (XAU=X) Prices Pull Back After Breaking $1,700 on Risk Asset Meltdown Gold prices hit their highest levels in eight years on Monday on a fresh wave of panicked flight-to-safety trades across the world that also drove U.S. and European government bond yields to historic lows. However, after briefly breaking through the $1,700 […]
Gold 1 OZ (XAU=X) as an Asset Class All asset classes have their advantages and disadvantages. So far in 2020, gold is proving to be one of the best investment instruments. But gold prices can be volatile, so I wouldn’t necessarily load up the truck. Indeed many analysts recommend a 5% to 10% allocation of […]
Gold 1 OZ (XAU=X) price today rockets to lifetime high on Coronavirus fears; experts still bullish Gold price today climbed its lifetime high of as much as Rs 43,912 per 10 gms on Coronavirus pandemic spread over 75 countries. The commodity market experts have said that the precious yellow metal will further go upward as […]
Gold 1 OZ (XAU=X) Prices Surge on Surprise Fed Rate Cut Gold prices surged higher on Tuesday as the Federal Reserve surprised market participants with a 50-basis point interest rate cut. The Fed has not performed an inter-meeting cut since 2008 during the great financial crisis. The Fed pointed to the uncertainty over the coronavirus […]
Gold 1 OZ (XAU=X) jumps, stocks slide after Fed’s rate cut Global equity markets slid on Tuesday and the yield on 10-year U.S. Treasuries fell below 1% for the first time after the Federal Reserve cut interest rates to shield the U.S. economy from the impact of the fast-spreading coronavirus. Gold prices surged and the […]
Gold 1 OZ (XAU=X) Markets Gap To Kick Off The Week Gold markets gapped higher to kick off the week on Monday, as the market had hit the 50 day EMA during the Friday session. At this point, the market went back and forth to show a lot of confusion, and at this point in […]
Gold 1 OZ (XAU=X) Forced Selling Of Yellow Metal Gold markets fell hard during the session on Friday, as we have sliced through the $1600 level. By doing so, the market shows signs of extreme weakness as we have not only broken through a big figure, but we have also touched the 50 day EMA. […]
Gold 1 OZ (XAU=X) Central Banks Still Reluctant to Call for Rate Cuts Gold prices are trading higher on Thursday after a late pick-up in demand the previous session following the test of a one-week low. After a surge to its highest level in seven years on Monday, prices have drifted mostly sideways to lower. […]
Gold 1 OZ (XAU=X) price action suggests investor indecision Gold futures are trading nearly flat on Wednesday, but inside yesterday’s range as investors continue to assess the potential damage from the coronavirus outbreak on the global economy. The price action actually suggests investor indecision. Remember that gold is an investment and not a safe-haven asset […]
Gold 1 OZ (XAU=X) falls from 7-year high on profit-taking Gold prices fell 1% on Tuesday as investors chose to pocket profits after the metal hit a seven-year high in the previous session, although growing fears over a spike in new coronavirus cases outside of China capped bullion’s losses. FUNDAMENTALS * Spot gold was down […]
Gold 1 OZ (XAU=X) Hope, Fear and Greed Driving Prices Higher Gold gapped higher on Monday after reports showed the coronavirus outbreak was spreading around the world, threatening lives and the global economy. G20 finance ministers and central bankers declared in a statement over the weekend that current global economic growth remains slow with the […]
Gold 1 OZ (XAU=X) Breaks Out to Fresh 7-Year Highs Gold prices hit fresh 7-year highs rising above 1,623 and settling near 1,619. This comes despite a surge in the US dollar which nearly hit 100 on the dollar index for the first time since 2012. Historically, as the dollar increases in value, gold prices […]
Gold 1 OZ (XAU=X) Markets Show Strength Gold markets have initially pulled back a bit during the trading session on Thursday but found enough support just above the $1600 level to turn around and go higher. There are plenty of concerns around the world when it comes to growth, and that of course helps gold. […]
Gold 1 OZ (XAU=X) Markets Break Barriers Gold markets rallied significantly during the trading session showing signs of strength again as we have broken above the $1600 level. By doing so, the market looks as if it is ready to continue going higher, perhaps breaking above the most recent high just above that level. If […]
Gold 1 OZ (XAU=X) Markets Continue To Look Bullish Gold markets have continued to look very bullish over the last several weeks, and at this point it looks as if the market is trying to get towards the $1600 level. The $1600 level above continues to offer plenty of resistance as it has been the […]
Gold 1 OZ (XAU=X) show signs of strength Gold markets have initially pulled back a bit during the week but showed enough support underneath the turn things around and show signs of strength. The $1600 level above is a target that should continue to be a bit of a target, and perhaps barrier at the […]
Gold 1 OZ (XAU=X) Prices Rally Ahead of US Holiday Weekend on Virus Fears Gold prices moved higher on Friday as concerns over the coronavirus cases, and how it might erode global growth helped increase the risk premium in the capital markets. Gold which is considered a safe haven asset moved higher. Bonds rallied weighing […]
Gold 1 OZ (XAU=X) Markets Rally To Show Signs Of Strength Again Gold markets rallied a bit during the trading session on Thursday, reaching towards the $1580 level, an area that has attracted a little bit of attention recently, but longer-term it’s likely that the market is going to try to get to the $1600 […]
Gold 1 OZ (XAU=X) continues to trade sideways Gold prices edged lower on Wednesday and continue to trade sideways. Prices appear to be turning over, as concerns over the coronavirus subside. The dollar surged higher breaking out to fresh 4-month highs which are generating headwinds for gold prices. US yields moved higher and riskier assets […]
Gold 1 OZ (XAU=X) trading weaker despite doubts Gold futures are trading lower early Tuesday after yesterday’ rally drove the market to its highest level in a week. The precious metal is trading weaker despite doubts about how quickly China’s factories could get back to work given that the coronavirus continues to spread and deaths […]
Gold 1 OZ (XAU=X) futures post first loss in 4 sessions Gold futures settled lower on Monday, easing back after posting gains in each of the last three sessions, as strength in the U.S. stock market, the dollar and bond yields dulled have demand from the metal. April gold GCJ20, -0.45% fell $5.50, or nearly […]
Gold 1 OZ (XAU=X) Breakout Over $1595.50 Could Trigger Acceleration into $1619.60 Gold closed higher on Friday as concerns of an economic slowdown arising from the coronavirus outbreak kept the precious metal underpinned. Helping to generate the support was another plunge in U.S. Treasury yields and a steep drop in the U.S. Dollar against a […]
Gold 1 OZ (XAU=X) consolidates as uncertainty lingers Gold prices attempted to move higher and break out following news that the World Health Organization said the coronavirus is a global health emergency. This is a rare designation that helps the international agency mobilize financial and political. The announcement comes just hours after the U.S. confirmed […]
Gold 1 OZ (XAU=X) traders continue to weigh the spread of coronavirus cases and its potential impact on the global economy Gold futures eased back from earlier highs on Wednesday, as traders continue to weigh the spread of coronavirus cases and its potential impact on the global economy. The moves for the metal come ahead […]
Gold 1 OZ (XAU=X) Likely to be Bid as Coronavirus Fears Intensify Gold prices are trading steady at the mid-session on Monday. The market is being supported by a drop in U.S. Treasury yields and lower demand for risky assets. Earlier in the session, gold jumped 1% to a near-three-week high as growing concerns that […]
Gold 1 OZ (XAU=X) markets continued to absorb the potential effects of the coronavirus that is spreading throughout China Gold prices moved higher on Friday as the markets continued to absorb the potential effects of the coronavirus that is spreading throughout China. A second case was uncovered in the United States ahead of the weekend. […]
Gold 1 OZ (XAU=X) plenty of support near the $1550 level Gold markets pulled back a bit during the trading session on Thursday, as we continue to see plenty of support near the $1550 level. At this point, the market looks likely to see value hunters come back in every time we dip. Gold markets […]
Gold 1 OZ (XAU=X) price eases as markets assess risks from China virus Gold prices fell on Wednesday, as the dollar firmed and investors assessed the risk of a global epidemic from a coronavirus outbreak from China that could have an impact on economic growth. Spot gold fell 0.3% to $1,553.27 per ounce by 0133 […]
Gold 1 OZ (XAU=X) prices end lower as coronavirus threatens China buying Gold futures on Tuesday ended lower, pressured as China, one of the commodity’s biggest buyers, faced a viral outbreak that could hurt buying of physical gold at a peak holiday period. Prices for the gold, however, pared some of their earlier losses as […]
Gold 1 OZ (XAU=X) gains on Yemen attacks Gold prices rose to their highest in more than a week on Monday, after a missile attack in Yemen over the weekend fanned geopolitical concerns and boosted the metal’s safe-haven appeal, while buying ahead of the Chinese New Year also lent support. Spot gold was up 0.3% at $1,560.89 per ounce […]
Gold 1 OZ (XAU=X) Momentum Shifts to Upside Gold futures closed higher on Friday for no obvious reason other than aggressive speculative buying. Some bullish traders claim they are buying because of political, geopolitical and economic worries. However, we’re not seeing any buying in the safe-haven U.S. Treasurys and Japanese Yen. Other traders are saying […]
Gold 1 OZ (XAU=X) Markets Stabilize A Bit Gold markets rallied a bit during the trading session on Wednesday, breaking above the top of the hammer from the Tuesday session. By doing so, it shows that the market is still trying to break out to the upside but obviously we have a lot of noise […]
Gold 1 OZ (XAU=X) price falls as investors look beyond safe-haven assets Gold slipped to an over one-week low on Tuesday as strength in equities markets and hopes for a smooth signing of the US-China phase 1 trade deal tarnished bullion’s safe-haven appeal, while palladium rose to a record high. Spot gold dipped 0.3% to […]
Gold 1 OZ (XAU=X) futures fall to their lowest finish in almost 2 weeks Gold futures marked a second session decline on Tuesday, settling at their lowest since Jan. 2, with strength in the U.S. stock market and a phase one U.S.-China trade deal expected to be signed this week, dulling haven demand for the […]
Gold 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday Gold prices fell 1% on Monday as optimism in equity markets ahead of the signing of an interim U.S.-China trade deal and lack of further escalation in Middle East tensions diminished bullion’s safe-haven appeal. The U.S.-China Phase 1 agreement is […]
Gold 1 OZ (XAU=X) slides from near 7-year peak as U.S.-Iran fears subside Gold prices slid on Thursday, retreating further from a near 7-year peak scaled in the previous session as tensions between the U.S. and Iran eased following conflict over the U.S. killing of an Iranian general.Spot gold fell 0.5% to $1,547.72 per ounce […]
Gold 1 OZ (XAU=X) Prices Rise Above $1,600 on Simmering U.S.-Iran Tensions Gold prices hit $1,613 an ounce on Jan 7, triggered by reports that Iran launched more than a dozen missiles at two U.S. military bases in Iraq. This was in retaliation to the U.S airstrike on direct orders from President Donald Trump that […]
Oil and Gold 1 OZ (XAU=X) prices rise amid US-Iran uncertainty As geopolitical tensions mount between the U.S. and Iran, oil prices spiked on Monday and gold prices surged in response to the uncertainty. U.S. officials confirmed Qassem Soleimani, the leader of Iran’s Quds Force, was killed late Thursday in a U.S. airstrike that targeted […]
Gold 1 OZ (XAU=X) Analyst warn of a near-term market top in prices Gold futures on Monday marked their highest settlement since April of 2013, as the killing last week of a top Iranian military commander, Qassem Soleimani, reverberated through financial markets, momentarily upending appetite for assets considered risky and boosting traditional haven assets like […]
Gold 1 OZ (XAU=X) Surge Following US Attack on Iranian General Gold prices surged on Friday following President Trump’s decision to order an airstrike that killed a powerful Iranian military leader. The preemptive action put pressure on riskier assets as Tehran vowed to avenge the death of General Qassem Soleimani. The action is likely just […]
Gold 1 OZ (XAU=X) prices could test $1,540/oz next Gold prices edged higher on Thursday as the dollar hovered near a six-month low hit on New Year’s Eve amid bets U.S. economic outperformance could be coming to an end. GMT, after having touched their highest since Sept. 25 at $1,525.20 on Tuesday. Bullion ended 2019 […]
Gold 1 OZ (XAU=X) Prices Rise as the Dollar Drops Gold prices moved higher as the dollar continued to ease, and an Iranian-backed militia tried to storm the US Embassy in the Iraqi capital Tuesday. This comes from an intensifying backlash against the US after it conducted deadly strikes on the group. US short term […]
Gold 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months Gold prices clinched a 5-day win streak, its longest in about 6 months, while settling near a three-month high as investors got ready for the end of 2019 with one day remaining in trade. Bullion’s value has been partially […]
Festive price breakout heralds a glittering 2020 for Gold 1 OZ (XAU=X) While Western investors revelled in the festive season, the price of gold made a decisive breakout from the trading range that stopped its summer advance. This should mean an early resumption of the bull market for the yellow metal in new year, albeit […]
Gold 1 OZ (XAU=X) price marks highest finish in more than 8 weeks Gold futures settled above $1,500 an ounce Thursday, marking a third session of gains in a row and the highest finish for the precious metal since the end of October. Bullish gold investors say bullion has benefited in recent trade on doubts […]
Gold 1 OZ (XAU=X) price barely flinches to impeachment noise, and change is unlikely The gold price has remained steady throughout the past trading week, with another unusually narrow trading range noted between $1,477 and $1,481 as of time of writing. Unless trading volumes pick up in the lead up to Christmas, it appears that […]
Gold 1 OZ (XAU=X) price steady as trade deal doubts offset positive US data Gold prices were little changed on Wednesday as mixed messages on the US-China trade deal countered positive economic data out of the United States. Spot gold was trading at $1,475.55 per ounce by 0118 GMT. US gold futures were flat at […]
Gold 1 OZ (XAU=X) prices continued to show a lack of direction Gold prices continued to show a lack of direction during trading on Tuesday, extending the lackluster performance seen in the previous session. After slipping $0.70 to $1,480.50 an ounce on Monday, gold for February delivery inched up $0.10 to $1,480.60 an ounce. The […]
Gold 1 OZ (XAU=X) finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields Gold prices made modest moves in both directions Monday, finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields, as investors assessed a phase one trade deal […]
Gold 1 OZ (XAU=X) gains as lack of details on trade deal lifts demand Gold prices rose on Friday as investors remained cautious about the developments in the United States and China trade negotiations, while political uncertainties in the world’s biggest economy further boosted the metal’s safe-haven appeal. Spot gold was up 0.5% at $1,477.09 […]
Gold 1 OZ (XAU=X) prices are likely to rise if Trump says yes to the tariffs Gold is trading marginally higher on Thursday shortly before the regular session opening. The market is trading inside yesterday’s range which suggests investor indecision and impending volatility. The indecision is being fueled by uncertainty over the outcome of the […]
Gold 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets Gold futures are edging higher on Tuesday, boosted by lower demand for risky assets. Treasury yields are also trading lower which is pushing down the U.S. Dollar, driving up demand for dollar-denominated gold. Worries over the looming U.S. tariffs on Chinese […]
Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down The main trend is up according to the daily swing chart. However, momentum has been trending lower since the formation of the closing price reversal top on December 4 at $1489.90. A trade through $1456.60 will change the main trend […]
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 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 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 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 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 […]
Gold 1 OZ (XAU=X) prices low Gold prices dipped back towards the previous session’s two-week low yesterday as increasing signs that an interim trade deal could soon be reached buoyed riskier assets and the US dollar. Spot gold was down 0,4 percent at $1 456,01 per ounce as of 1327 GMT, while US gold futures […]
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 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 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 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 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) Markets Relatively Stable Gold markets went back and forth during the trading session on Tuesday, as we continue to show a lot of volatility and sideways action. I think at this point we are trying to determine whether or not the $1450 level will in fact offer enough support to keep […]
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 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 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 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) 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 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 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 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) 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) 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 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 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 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) 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 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 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 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) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming Gold prices have been trading sideways the past few days, in line with our gold price weekly trading forecast. But now that the Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming is here, all that could change. Speeches by various […]
Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10 Technically, the gold bulls have the solid overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the August high of […]
Gold 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields Gold futures climbed on Tuesday, with a slide in U.S. Treasury yields helping the haven metal recoup more than a third of what it lost a day earlier, when a rally in the U.S. stock market prompted some settling in bullion. Gold for […]
Gold 1 OZ (XAU=X) solid technical resistance $1,546.10 Technically, December gold futures prices closed near mid-range today. The bulls still have the solid overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. There are still no significant, early chart clues to suggest a market top is close at hand. Gold bulls’ […]
Gold 1 OZ (XAU=X) chart pattern suggests investor indecision and impending volatility Gold futures closed lower on Friday, and for a third session, traded inside the extremely wide, $57.20 range on August 13. Usually, this chart pattern suggests investor indecision and impending volatility. In this case, however, it could be a sign that momentum is […]
Gold 1 OZ (XAU=X) solid resistance at $1,600.00 Gold and silver prices are weaker in early U.S. trading Thursday. Some upbeat U.S. economic data has put some added downside pressure on the metals. The markets are also pausing to see how early trading unfolds in the U.S. stock market, following overnight developments on the U.S.-China trade war front. […]
Gold 1 OZ (XAU=X) solid resistance at $1,600.00 Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]
Gold 1 OZ (XAU=X) notching a six-year high Technically, the gold bulls have the strong overall near-term technical advantage. A 10-week-old uptrend is in place on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $1,600.00. Bears’ next near-term downside price breakout objective […]
