$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1909.31 Gold News The precious metal has moved into a holding pattern, staying afloat above 1900 and 1911.50. This marks the key support/resistance level for gold over the past few months. Price action has formed an ascending triangle pattern. However, this is yet to be validated. If […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1893.18 Gold News Gold and silver futures prices are moderately higher but off their session highs in midday U.S. trading Wednesday. Bullish traders stepped in to buy Tuesday’s sharp dip in prices. A weaker U.S. dollar index at mid-week also aided the precious metals market bulls. December gold futures were last up $10.80 at […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1893.18 Gold News Gold and silver futures prices are moderately higher but off their session highs in midday U.S. trading Wednesday. Bullish traders stepped in to buy Tuesday’s sharp dip in prices. A weaker U.S. dollar index at mid-week also aided the precious metals market bulls. December gold futures were last up $10.80 at […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1894.23 Gold News Gold prices continue to struggle for direction as consumer inflation pressures rose in line with expectations, September. Tuesday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.2% last month, after a 0.4% rise in August. The data in line with consensus […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1908.66 Gold News Gold futures prices are higher in early U.S. trading Thursday. Once again, the two metals are choosing to behave like a commodity market and are following the overnight gains in global equities markets, led by the U.S. It appears gold and silver traders reckon rallying […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1886.06 Technical Indicators Overall, the bias in prices is: Sideways. The projected upper bound is: 1,965.11. The projected lower bound is: 1,803.71. The projected closing price is: 1,884.41. Candlesticks A black body occurred (because prices closed lower than they opened).During the past 10 bars, there have been […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1911.54 Gold News For weeks the metals, equities and other markets have created many challenges for traders. While the trends have been established, follow-through has not been there. In other words, most markets are consolidating as they prepare for the next big move. What is clear one […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1898.70 Gold News Gold had its worst week since March, falling some 4.6 percent from the previous Friday, as the U.S. dollar staged a rally against the euro. The price of bullion closed below $1,900 an ounce last Wednesday for the first time since July 23 and […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1905.04 Gold News Gold is unlikely to end its bull market any time soon, according to Commerzbank. “In our opinion, the gold price is a long way from ending its upswing. The problems we currently face are simply too manifold: be it the rapidly rising national debt […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1888.22 Gold News Gold futures finished lower for Wednesday’s session, contributing a loss for the month as prices responded to a strengthening U.S. dollar that was been weighing on commodity prices. The bullion, however, tallied an eighth straight quarterly gain, buoyed by haven demand for the precious […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1893.71 Gold News Gold prices remain in striking distance of $1,900 an ounce even as confidence among U.S. consumers rose more than expected in September. Tuesday, the U.S. Conference Board said that its consumer confidence index rose to 101.8 in September, up from August’s revised reading of […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1885.55 Gold News Gold prices are moderately higher to begin the week, as the weekend break seems to have given global investors time to shake off some of last week’s doom and gloom, reflected in a mild rebound in risk appetite since markets reopened yesterday evening. Equity […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1863.75 Gold News Gold futures declined on Friday, to post a loss of nearly 5% for the week—the largest weekly percentage loss since mid-March. Gold traders have had significant losses on the precious metal to the strength in the U.S. dollar this week. What we know: Gold futures […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1863.25 Gold News The bearish pressure on gold prices managed to bring the price down to reach the $1,850 support level. We have a bullish reaction from the support level but gold might continue to stick near the level until the end of the week. The precious […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1857.89 Gold News Gold and silver prices are lower in the early U.S. trading Wednesday. Gold hit a six-week low and silver fell to a seven-week low. Silver has seen its near-term price uptrend (on the daily chart) negated this week and gold is in serious danger of seeing its […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1899.28 Gold News The gold market’s long-term technical outlook remains in tack, but the market after hitting an exhaustion area above $2,000 an ounce and is due for a correction, according to one market analyst. Although the $1,900 level has proven to be sticky, as long as gold prices […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1916.77 Gold News Gold prices tumbled Monday morning, falling below $1,900 an ounce as stocks sold off across the board. And, according to Credit Suisse, there is a chance that gold’s plunge is not over until a low of $1,765 an ounce is hit. The technical level […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1949.69 Technical Indicators Overall, the bias in prices is: Upwards. The projected upper bound is: 2,031.80. The projected lower bound is: 1,873.65. The projected closing price is: 1,952.72. Candlesticks A white body occurred (because prices closed higher than they opened).During the past 10 bars, there have been […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1953.34 Outlook Gold prices are set to spring higher after more than a month of moving sideways, according to one analyst. Drivers include a positive technical backdrop and the likelihood of sustained low interest rates in the world’s largest economies that may prompt investors to seek better returns […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1939.74 Outlook Though it was stated clear during the previous meetings and the Jackson Hole conference that the Federal Reserve is not willing to cut rates, current economic state and outlooks announced by Mr. Jerome Powell will play a significant role in the valuation of the US […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1956.32 Outlook Gold prices edged higher continued to grind upward as the dollar moved lower along with US yields. The Euro continued to climb as the ECB has given the go ahead to speculate on its upward climb. US import price increased more than expected helping to […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1964.66 Outlook Gold is looking to outperform silver into year-end, according to Bloomberg Intelligence, which is not ruling out $4,000 gold by 2023, noting that the gold bull rally is just beginning. After breaking $2,000 an ounce level, gold has been stuck in a trading range between $1,930 […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1939.66 Outlook As COVID-19 uncertainty drives the price of gold higher, the precious metal has solidified its reputation as a “safe haven” stock. Yet, after gold hit its all-time high of more than US$2070 per ounce (roughly A$2847.08) in early August, the spot price of the metal […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1928.36 Outlook Gold futures closed lower at the last trading session. Gold futures prices closed at $1,934.30, recording losses of 0.2%. The price decline in the safe-haven asset was triggered by an impressive US jobs report seen as “a positive sign for the world’s largest economy” and the unemployment […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1927.11 Outlook Gold futures closed lower at the last trading session. Gold futures prices closed at $1,934.30, recording losses of 0.2%. The price decline in the safe-haven asset was triggered by an impressive US jobs report seen as “a positive sign for the world’s largest economy” and the unemployment […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1939.90 Outlook Gold futures fell Thursday to settle at their lowest level in a week, as some traders look to the precious metal to cover losses in other assets on the heels of a drop in U.S. benchmark stock indexes. U.S. stock indexes traded sharply lower, poised […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1944.17 Outlook Jerome Powell’s hawkishness at last week’s Jackson Hole Symposium created doubts in gold investors’ minds, sending the yellow metal to trade sideways for the last few days. Volatility for gold presents an opportunity to buy on the dips, said Shayne Heffernan, CEO and Founder of […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1971.951 Outlook Gold and silver prices are solidly up in early U.S. trading Tuesday, boosted in part by a wilting U.S. dollar index that overnight hit another two-year low. Both metals see their chart postures as fully bullish, which continues to invite technical buyers. October gold futures were last up $17.10 at […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1968.61 Outlook Technically, the gold bulls still have the firm overall near-term technical advantage, amid recent choppy trading. Prices are still in an uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at $2,000.00. […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1943.35 Outlook The gold rally is taking a breather with buyers and sellers playing the range game as gold bounces between $1,920 and $2,000 an ounce for the past two weeks. Going forward, the new all-time highs are unlikely until gold tests this level on the downside. […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1930.88 Outlook Gold is consolidating ahead of the Federal Reserve Chair Jerome Powell’s keynote address at the virtual Jackson Hole Symposium on Thursday, says TD Securities. It is highly likely that Powell “pre-announce[s] the outcome of the Monetary Policy Framework Review, which suggests the formal adoption of […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $1930.88 Outlook Despite the recent run-up in gold prices, we believe gold remains attractively valued – one might even say cheap – in the context of historically low real interest rates. The key risk is that real interest rates rise, making gold relatively less attractive. At current […]
$XAU #Gold #Commodities #FX #Trading #Markets GoldTicker: XAU=Price: $2004.04 Outlook Gold markets tend to be very volatile, and can be all over the place on certain headlines. Nonetheless, there is no reason to short this market, as both the fundamental and technical analysis line up for higher pricing given enough time. I believe that gold […]
$XAU #Gold #Commodities #Trading #FX #Markets GoldTicker: XAU=Price: $2004.8195 News The gold rally still has some ways to go despite its recent stumble. We think gold’s run … hasn’t quite finished yet. It comes back to interest rates. One of the best explanations of why gold has surged the way it has through this year […]
$XAU #Gold #Commodities #Trading #FX #Markets GoldTicker: XAU=Price: $1955.91 News Gold headed for back-to-back gains following wild swings as investors weighed the outlook for the metal’s record-setting rally – by tracking moves in bond yields, a weaker dollar, as well as an uptick in risk appetite. Spot bullion climbed, while futures were little changed. This […]
$XAU#Gold #Price #Commodities #Trading #Inflation The price of gold may rise further amid uncertainty over rising inflation and mass buy-ups by the world’s large gold funds. Gold futures on Thursday extended a record rally to a fifth straight day, with a muted U.S. dollar and lackluster moves in equities supporting bullion’s ascent to near $2,100. […]
$XAU #Gold #FX #Trading #Commodities #Markets Gold and silver prices are again sharply higher in midday U.S. trading Wednesday. Gold prices have pushed to an almost nine-year high, while silver is strongly up again today and hit a 6.5-year high. The feature in the global marketplace at mid-week is the gold and silver markets. Gold […]
$XAU #Gold #FX #Commodities #Markets #Trading The rally in the gold price regained momentum on Monday as investors continue to pile into hard assets amid a flood of easy money on financial markets in the developed world and expectations of a prolonged period of ultra-low interest rates and currency debasement. Gold for delivery in August, […]
$XAU #Gold #FX #Commodities #Currencies #Markets #Trading Gold futures rebounded from early session weakness on Friday to close higher for the session. The two-sided price action was generated as fears over business disruptions due to another record-breaking rise in COVID-19 cases at home drove up the possibility of additional fiscal and monetary stimulus. Traders were […]
$XAU #Gold #Markets #Commodities Gold prices moved higher on Wednesday and closed at fresh 8-years highs, despite a better than expected United States industrial production report. The dollar moved lower but settled off session lows which paved the way for higher gold prices. United States yields were mixed, as the curve flattened with the 2-year […]
$XAU #Gold #Trading #PerfectTiming #ShayneHeffernan A “perfect storm” of surging government debt levels, plunging real bond yields, rising coronavirus cases and deteriorating economic forecasts pushed the value of gold to an eight-year high last week, and Shayne Heffernan, Founder and CEO of HEFFX currently project the metal to top its all-time high within the following […]
Gold 1 OZ (XAU=X) Accumulate on Dips The gold market is seeing some stability at the start of the new trading week as prices attempt to recover from Friday’s roughly 3% selloff. August gold futures last traded at $1,689.50 an oz, up 0.39% on the day. The precious metal took a big hit Friday. It […]
Gold 1 OZ (XAU=X) Capped by Increasing Demand For Riskier Assets Gold futures finished slightly lower last week with gains probably capped by increasing demand for risky assets. serving to to underpin the precious metal was a weaker U.S. Dollar. I saw no evidence of “safe-haven” demand which is an illusion anyway. The direction of […]
European shares close to 11-week high U.S. stock futures clear 3,000 level U.S. consumer confidence data due at 1400 GMT Gold prices edged lower on Tuesday as hopes of economic recovery lifted share markets with several countries easing coronavirus-driven lockdowns, although Sino-U.S. tensions over Hong Kong limited bullion’s losses. Spot gold XAU= slipped 0.1% to […]
Gold 1 OZ (XAU=X) A Likely Slower Grind Higher The current gold bull market started in December 2018 and hit its growth spurt a year ago, in May 2019. Spot and futures prices have rallied 30-35% since that time, to the ~US$1,700/oz range, as the COVID-19 shock brought forward constructive gold market themes that were already […]
Should I invest in Gold 1 OZ (XAU=X)? The price of gold has risen 20% year-to-date. Economic anxiety is running deep and financial systems are exceedingly fragile. This is boosting the price of gold to be the safe-haven asset to own. When the stock market crashed in March, the gold price also fell. This surprised […]
Gold 1 OZ (XAU=X) – Will Portfolios Become Shinier Gold is respected throughout the world for its value and rich history, which has been interwoven into cultures for thousands of years. Coins containing gold appeared around 800 B.C., and the first pure gold coins were struck during the rein of King Croesus of Lydia about […]
Gold 1 OZ (XAU=X) Not Even Close to Full Picture Gold, one of the few commodities to have performed well, so far, this year, is showing signs of exhaustion amid lack of fresh triggers. If we look at spot gold, it has moved in a narrow range (high-low gap) of about $20 in last few […]
Gold price high but miners say limited by COVID-19 Gold posted a two-sided trade last week before finishing higher. Selling pressure early in the week drove the market through the previous week’s low, but the comeback rally later in the week placed the market slightly below its seven year high at $1788.80. Short-term, the gold […]
Gold 1 OZ (XAU=X) Investors Aiming for Gold Gold edged lower on Thursday as investors booked profits from sharp gains in the previous session, but prices held above the $1,700 an ounce level on the promise of more U.S. stimulus measures to ease the economic blow from the coronavirus crisis. Shayne Heffernan Trade Idea “As […]
Gold 1 OZ (XAU=X) jumps as oil prices slump Gold climbed as much as 1 per cent overnight after earlier hitting a more than one-week low, with the collapse of US crude oil prices to a record low hitting risk assets and driving investors to the safety of bullion. Spot gold gained 0.5 per cent […]
Gold 1 OZ (XAU=X) demand in China continued to be in the doldrums Gold prices fell to a more than one-week low on Monday as the dollar firmed and as investors remained optimistic that the U.S. economy might reopen soon from lockdowns that were enforced to contain the novel coronavirus’ spread. Shayne Heffernan Trade Idea […]
Gold 1 OZ (XAU=X) entering a new era of zero interest rate and devaluing currencies Gold futures gave up earlier gains to end lower on Thursday, pressured as the U.S. dollar strengthened in the wake of a surge in weekly U.S. jobless claims, which underlined the rapid deterioration in the economy from the COVID-19 pandemic. […]
Gold 1 OZ (XAU=X) Prices Up as COVID-19 Economic Costs Rise Gold prices were up in Asia on Thursday as investors continue to calculate the economic damage from the COVID-19 pandemic. Gold futures were up by 0.33% at $1,745.70 by 9:37 PM ET (2:37 AM GMT) as the yellow metal attempted to claw back its losses from the previous session. Companies reported dismal numbers during what is turning out to be […]
Gold 1 OZ (XAU=X) climbs to over 7-year high on coronavirus-led economic worries A slump in China’s exports is expected to have extended into March while a collapse in oil price likely deepened a decline in imports, a Reuters poll showed, as the virus cripples the global economy and overall demand. The U.S. Congress struggled […]
Gold 1 OZ (XAU=X) Scarcity Versus the Fed’s Printing Press Gold futures hit a seven-year high on Thursday as another week of massive filings for unemployment benefits and widespread measures by the U.S. Federal Reserve to reinforce the economy strengthened demand for the precious metal as an investment. The Fed announced as much as $2.3 […]
Gold 1 OZ (XAU=X) one of the safe havens during this pandemic and beyond Gold markets have been relatively quiet during the trading session on Wednesday after peeking through the $1700 level on Tuesday. By given back gains the way the market has, it ended up forming the shooting star during the Tuesday session which in […]
Analysts forecast the Gold 1 OZ (XAU=X) to hit $1900 an ounce in weeks Gold futures rallied for the fifth consecutive day, surging above $1,700 an ounce to the highest since 2012, underpinned by ample liquidity in the wake of massive economic stimulus packages initiated worldwide to contain coronavirus epidemic as precious metals analysts forecast […]
Gold 1 OZ (XAU=X) likely to be determined by trader reaction to the downtrending Gann angle at $1667.80 Gold futures are trading at their highest level since March 26 shortly after the regular session opening on Monday. The move is being fueled by concerns over a global recession caused by the coronavirus pandemic. A relatively […]
Gold 1 OZ (XAU=X) could face additional selling pressure if employment data sours sentiment Gold prices could suffer after the minutes from the Federal Reserve’s emergency meeting on March 15 are released. That day, Chairman Jerome Powell announced that the central bank cut itstarget range for its benchmark Fed Funds interest rate to 0.00-0.25 percent. […]
Gold 1 OZ (XAU=X) Markets Gap And Go On Thursday Gold markets gapped to open up the session on Thursday and then shot straight up in the air. We reached towards the top of the bearish candle from Tuesday, but then pulled back slightly midday. Ultimately, this is a market that is probably being used for […]
Gold 1 OZ (XAU=X) gains as virus-led economic concerns boost safety buying Gold prices firmed on Wednesday as investors sought safe-haven assets after sombre U.S. economic data exacerbated fears of an economic downturn amid increasing global restrictions and lockdowns to combat the coronavirus pandemic. Spot gold was up 0.9% at $1,585.08 an ounce by 11:02 […]
Gold 1 OZ (XAU=X) continue to form a bullish pendant pattern Gold prices moved lower for a second consecutive trading session and continue to form a bullish pendant pattern which is a consolidation pattern that eventually refreshes higher. This follows a large surge in prices last week. Riskier assets traction on Monday recapturing the losses […]
Gold 1 OZ (XAU=X) Prices Expected to Edge Up Gold prices edged up on Monday as the U.S dollar hovered near a two-week low touched in the previous session, while coronavirus lockdowns tightened across the world and stoked fears of economic damage, lifting demand for safe-haven bullion Spot gold was up 0.3% at $1,621.85 per ounce, as […]
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. […]