Gold 1 OZ (XAU=X) prices rise as the euro zone exacerbates fears of a global slowdown Gold prices are up as weak economic data from the euro zone exacerbates fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months. Spot gold climbed about […]
Gold 1 OZ (XAU=X) solid technical resistance at $1,330.00 Technically, April gold futures bulls have the overall near-term technical advantage. A three-week-old uptrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,330.00. Bears’ next near-term downside price […]
Gold 1 OZ (XAU=X) rallies on slower US growth forecast Gold prices moved higher on Tuesday, as the dollar weakened despite rising US yields. The EUR/USD whipsawed higher, despite a mixed ZEW survey which showed that future conditions are expected to get better. The CNBC Fed survey for March shows weaker global growth pointing to […]
Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar Gold futures are trading marginally higher on Monday as investors respond to a slightly weaker U.S. Dollar. Volume is low, however, as many major players are taking to the sidelines ahead of the start of the Fed’s two-day meeting which begins […]
Gold 1 OZ (XAU=X) price likely to be determined by trader reaction to the major 50% level at $1293.60 Gold futures closed higher last week, confirming the previous week’s closing price reversal bottom. The market was driven higher by a drop in U.S. Treasury yields. This move made the U.S. Dollar a less-desirable investment, while […]
Geopolitics lifts Gold 1 OZ (XAU=X) prices Gold prices moved higher on Thursday pushing through resistance which is now support seen near the 50-day moving average at 1,303. Additional support is seen near the 10-day moving average at 1,295. Resistance is seen near a downward sloping trend line that connects the highs in April of […]
Gold 1 OZ (XAU=X) holding above the critical psychological level of $1,300 Gold prices are holding above the critical psychological level of $1,300 an ounce as momentum in the U.S. manufacturing sector was mixed in January. Wednesday, a U.S. Commerce Department report showed U.S. durable-goods orders increased by 0.4% in January, up from December’s 1.3% […]
Gold 1 OZ (XAU=X) All Signs Point To Higher Current monetary policies have made the precious metals a more attractive investment option, said Alain Corbani, head of commodities at Finance SA. “My bet, and so far it has been the safest, is to follow what the Fed is saying. So, basically they are saying ‘we […]
Gold 1 OZ (XAU=X) Strong Dollar Drives Prices Lower A stronger U.S. Dollar kept a lid on gold prices most of the week as investors responded to dovish announcements from major central banks including the Bank of Canada and the European Central Bank. In the Euro Zone on Thursday, European Central Bank President Mario Draghi said the European economy […]
Gold 1 OZ (XAU=X) ECB slashed its 2019 growth and inflation forecasts and lowered those for 2020 Gold edged lower overnight, holding near a multi-week low as the US dollar gained against the euro after the European Central Bank postponed an interest rate hike, but the bank’s gloomy economic outlook limited the metal’s fall. Spot […]
Gold 1 OZ (XAU=X) gold dropped below $US1,300 an ounce hurt by a robust US dollar Gold prices slipped overnight to their lowest in more than five weeks as the US dollar rose on stronger than expected economic data and rising US Treasury yields. Spot gold was down 0.1 per cent at $US1,285.57 per ounce. […]
Gold 1 OZ (XAU=X) weakest levels in 6 weeks Gold slipped further to the weakest levels in 6 weeks on Monday as the US and China appeared close to a deal on rolling back the trade tariffs imposed in late 2018. The Dollar gold price fell to $1287 per ounce – its cheapest since 25 January […]
Gold 1 OZ (XAU=X) geopolitical events to continue dictating price momentum The price action of gold in the global market was well within my previous monthly forecast despite spot gold closing for the month of February on a dovish note. In my forecast for February, I had mentioned that the price action of gold is going […]
Gold 1 OZ (XAU=X) market has been grinding higher Gold markets are pulling back a bit during the trading session on Wednesday, reaching towards the $1325 level. If that level can hold, then a bounce back towards the $1350 level could happen. However, I see even more support underneath based upon the trend line, and of […]
Gold 1 OZ (XAU=X) 3.5-month-old price uptrend is still in place Gold prices are modestly up in early U.S. trading Wednesday. I reported yesterday the bulls needed a new fundamental news spark, and they got one today, as a geopolitical hotspot has flared up in Asia. April gold futures were last up $2.00 an ounce at […]
Gold 1 OZ (XAU=X) the last Federal Reserve rate hike will be an important inflection point Gold is already on a bull run and the last Federal Reserve rate hike will be an important inflection point for the precious metal prices, Franco-Nevada president and COO Paul Brink told Kitco News. “We’ve really started the last […]
Gold 1 OZ (XAU=X) profit taking after hitting a 10-month high last week Technically, April gold futures prices closed nearer the session low on more profit taking after hitting a 10-month high last week. The bulls still have the firm overall near-term technical advantage. There are still no early chart clues that a market top […]
Look for a big move in Gold (XAU=X) this week Gold futures went on a roller-coaster ride last week, first rallying to a 10-month high before giving back most of those gains then rebounding late in the week to settle higher. Early in the week, the market was driven higher by a weaker U.S. Dollar, […]
Gold 1 OZ (XAU=X) solid resistance at $1,350.00 Technically, the April gold bulls have the firm overall near-term technical advantage. Prices are in a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,350.00. Bears’ next near-term downside price breakout […]
Gold 1 OZ (XAU=X) Momentum Turns Positive Gold prices broke out above resistance which is now seen as support near the January highs at 1,326. Support below that level is seen near the 5-day moving average at 1,321 and the 20-day moving average at 1,310. Target resistance is seen near the 2018 highs near 1,365. […]
Gold 1 OZ (XAU=X) solid resistance at $1,350.00 Technically, the April gold bulls have the solid overall near-term technical advantage. Prices are in a 2.5-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $1,350.00. Bears’ next near-term downside price breakout […]
Gold 1 OZ (XAU=X) bounce from the level near $1,300 The price of gold found support near $1,300 and bounce higher. Today, the bull follow through and the price has surpassed the previous week high. If there is no change to the bullish pressure then gold expected to reach resistance $1,337 soon. Traders could prepare […]
Gold 1 OZ (XAU=X) Holding Gains Following Rise In Empire State Manufacturing Survey The New York region’s manufacturing sector found new momentum in February, according to the latest data from the New York Federal Reserve. The gold market is seeing little reaction to a rise in the New York Federal Reserve’s Empire State manufacturing survey’s […]
Gold 1 OZ (XAU=X) significantly trimmed overnight losses following some downbeat U.S. economic data Gold and silver prices are modestly lower in early U.S. trading Thursday, but have significantly trimmed overnight losses following some downbeat U.S. economic data that was just released. Still, a muscular U.S. dollar this week is keeping the precious metals market bulls squelched. April gold […]
Gold 1 OZ (XAU=X) slight retreat in the US dollar Gold prices edged higher overnight, buoyed by a slight retreat in the US dollar amid optimism about a potential resolution of the US-China trade conflict. Spot gold was up 0.2 per cent at $US1,310.95 an ounce, having declined 0.4 per cent in the previous session. […]
Gold 1 OZ (XAU=X) 2.5-month-old price uptrend is still in place Technically, April gold futures prices closed nearer the session high low today. The bulls still have the overall near-term technical advantage. A 2.5-month-old price uptrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]
Gold 1 OZ (XAU=X) will continue to shine amid a weak dollar Gold prices held steady on Monday, supported by uncertainties around Sino-U.S. trade war and concerns of slowing global economic growth, while a strong dollar weighed on the precious metal. Spot gold was steady at $1,313 per ounce at 0059 GMT. U.S. gold futures were […]
Gold 1 OZ (XAU=X) not surprising that gold ETFs have seen four straight months of net inflows Wobbly stock prices are sending many panicked people running scared for gold, sending prices for the yellow metal soaring. Savvy investors should follow suit. The World Gold Council recently reported that investors sank $3.1 billion into gold-backed exchange-traded funds for […]
Gold 1 OZ (XAU=X) Heffx Technical Analysis Gold and silver prices are trading near stead in early-afternoon U.S. trading Thursday. Prices are well off their daily lows as the U.S. dollar index has backed down from its daily high. Still, the greenback has rallied strongly this week and hit a four-week high overnight. Combined with sharply lower crude […]
Gold 1 OZ (XAU=X) Uptrend Above $1,300 During the past few days, there was a solid rise in gold price above the $1,295 resistance against the US Dollar. The price surpassed the $1,300 and $1,320 resistance levels before starting a downside correction. The 4-hour chart of XAU/USD indicates that the price traded as high as […]
Gold 1 OZ (XAU=X) recently have seen normal profit taking after hitting an eight-month high last week Technically, April gold futures prices closed nearer the session high today. Prices recently have seen normal profit taking after hitting an eight-month high last week. The bulls still have the firm overall near-term technical advantage. A 2.5-month-old price […]
Gold 1 OZ (XAU=X) fall in thin trade as risk aversion recedes Gold prices slipped on Monday as risk aversion waned with the progress in U.S.-China trade talks, while a firm dollar kept the bullion under pressure. Spot gold was down 0.4 percent to $1,312.56 per ounce as of 0455 GMT, having hit their highest since […]
Gold 1 OZ (XAU=X) Wall Street voters remained bullish Wall Street and Main Street look for gold to keep climbing next week, according to the Kitco News gold survey. Many traders and analysts cited a dovish Federal Open Market Committee after a policy meeting this week, in which officials indicated they are pausing in the monetary-tightening cycle […]
Gold 1 OZ (XAU=X) buying support from a more dovish U.S. Federal Reserve Technically, the gold bulls have the firm overall near-term technical advantage and have gained power this week. Prices are in a 2.5-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in February futures above […]
Gold 1 OZ (XAU=X) gaining power this week The economic highlight at mid-week is the Federal Reserve’s Open Market Committee (FOMC) meeting that began on Tuesday morning and ends Wednesday afternoon with a statement on monetary policy. No change in monetary policy is expected. However, traders want to know if the Fed today will tip […]
Gold 1 OZ (XAU=X) U.S. Consumer Sentiment Drops In January The gold market is holding on to gains above $1,300 an ounce, trading near a seven month high as pessimism grows among U.S. consumers. Tuesday, the U.S. Conference Board, said that is Consumer Confidence Index fell to a reading of 120.2, down from December’s reading […]
Gold 1 OZ (XAU=X) needs to show fresh power soon February gold futures bulls still have the overall near-term technical advantage, but are fading and need to show fresh power soon. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears’ next near-term downside price […]
Gold 1 OZ (XAU=X) solid technical support at $1,250.00 Technically, February gold futures bulls still have the overall near-term technical advantage, but are fading and need to show fresh power soon. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. Bears’ next near-term downside price […]
Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bulls have the overall near-term technical advantage but have faded recently. Prices are still in a two-month-old uptrend on the daily bar chart, but just barely. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,300.00. […]
Gold 1 OZ (XAU=X) Risk Appetite Recedes There are renewed worries about slowing global economic growth, as the International Monetary Fund released a report Monday that projected collective world economic growth at 3.5% in 2019, which is down from their last forecast in October for 3.7% growth. The IMF also warned about higher risks for […]
Gold 1 OZ (XAU=X) dips on firm dollar Gold slipped to its lowest in almost a month on Monday as a firm dollar and greater risk appetite outweighed support from an expected pause to increases in U.S. interest rates. Spot gold was 0.1 percent down at $1,279.99 an ounce, having touched its lowest since Dec. 28 […]
Gold 1 OZ (XAU=X) Under Pressure The miserable phase of consolidation continues in gold, and this morning there is pressure taking gold back down near the support level of $1,280. This action is no surprise; it’s just part of the pattern. From a trader’s standpoint, we will look at this as a buying opportunity. The range in gold […]
Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bulls have the overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective is […]
Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish Gold prices are trading moderately up and are at session highs in late-morning action Wednesday. The near-term technical posture for the yellow metal remains bullish, which has invited some fresh chart-based buying interest. The recent “collapse in volatility” on the daily bar chart […]
Gold 1 OZ (XAU=X) Risk Appetite Picks Up Gold and silver prices are weaker in early-afternoon U.S. trading Tuesday, as higher world stock markets have traders and investors in upbeat moods early this week. A higher U.S. dollar index today also worked against the precious metals market bulls. February gold futures were last down $3.60 an ounce at $1,287.70. March Comex silver was down […]
Gold 1 OZ (XAU=X) two-month-old price uptrend is still in place Technically, February gold futures bulls have the overall near-term technical advantage. A two-month-old price uptrend is still in place on the daily bar chart. The recent sideways pause is not bearish. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid […]
Gold 1 OZ (XAU=X) price vulnerable near-term while below 1302 Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 1,252.26. The projected upper bound is: 1,306.77. The projected lower bound is: 1,270.41. The projected closing price is: […]
Gold 1 OZ (XAU=X) two-month-old price uptrend is still in place Technically, February gold futures bulls still have the overall near-term technical advantage. A two-month-old price uptrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00. […]
Gold 1 OZ (XAU=X) 2019 average gold price of $1314 New data today put the 19-nation Eurozone’s jobless rate down at 7.9%, a fresh 10-year low, while No.1 economy Germany reported a larger-than-expected surplus on its trade balance. As the Euro ticked higher against the Dollar on the FX market, the price of large wholesale gold […]
Gold 1 OZ (XAU=X) driven by fresh safe haven demand on equity concerns Gold price gains will likely be driven by fresh safe haven demand on equity concerns, higher financial volatility and economic uncertainty, said HSBC, leading the bank to lift its 2019 average dollar price for the yellow metal to $1,314/oz Tuesday. “Gold prices […]
Gold 1 OZ (XAU=X) pulled back from a more than six-month peak Gold has pulled back from a more than six-month peak, as robust US jobs data eased some concerns about an ailing economy, while palladium prices punched through the key $US1,300 level for the first time. Spot gold slipped 0.8 per cent to $US1,283.86 […]
Gold 1 OZ (XAU=X) Markets Swing Uneven economic data and volatility in stocks have accelerated a surge into assets perceived as relatively safe, highlighting the unease felt by many investors at the start of 2019. The Japanese yen is up nearly 5% against the dollar since markets began sliding at the end of last year’s […]
Gold 1 OZ (XAU=X) 2019 Time to Buy Overall, the bias in prices is: Upwards. The projected upper bound is: 1,709.03. The projected lower bound is: 1,131.73. The projected closing price is: 1,270.38. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle […]
Gold 1 OZ (XAU=X) hits six month high Gold prices rose on Thursday, helped by a weaker dollar and as a relief recovery in stock markets fizzled out, driving investors toward the safe-haven metal. Spot gold was 0.6 percent higher at $1,274.50 per ounce at 1:44 p.m. EST, after hitting at $1,279.06 in the previous session, […]
Gold 1 OZ (XAU=X) hit their highest level in more than five months Gold futures hit their highest level in more than five months Wednesday on continued safe-haven buying after the recent freefall in equities and speculation that the Federal Reserve will slow its pace of monetary tightening. The metals were up even though the U.S. […]
Gold 1 OZ (XAU=X) Sharply Higher as Dollar Stumbles Chairman Jerome Powell. Traders and investors deemed the Fed’s new stance as more dovish than previously, but not dovish enough to stave off what many believe is an impending global economic slowdown. The gold market did not see a big reaction to the Fed news Thursday, […]
Gold 1 OZ (XAU=X) finding support from a weaker U.S. dollar Gold prices climbed on Wednesday, holding ground at their highest since July, finding support from a weaker U.S. dollar ahead of the Federal Reserve’s final monetary policy decision of 2018. Bullion for February delivery on Comex GCG9, +0.16% rose $4.90, or 0.4%, to $1,258.50 an ounce, after […]
Gold 1 OZ (XAU=X) Prices Up On Weaker USDX The gold and silver markets pushed to their daily highs just before midday, at the same time well-known bond trader and fund manager Jeff Gundlach predicted the U.S. dollar would struggle in the coming new year, and that U.S. equities will enter a bear market. That […]
Gold 1 OZ (XAU=X) still in a four-week-old uptrend Technically, gold bulls still have the overall near-term technical advantage. Prices are still in a four-week-old uptrend on the daily bar chart, but just barely. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at the December high of […]
Gold 1 OZ (XAU=X) U.S. dollar index solidly higher and hit a nearly two-year high The key outside markets are in a bearish posture for the precious metals early today, as the U.S. dollar index solidly higher and hit a nearly two-year high, on some safe-haven buying heading into the weekend. Meantime, Nymex crude oil prices are slightly down […]
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 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 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 […]
Canadian mining giant Barrick Gold has bought Africa-focused rival Randgold Resources to create a global industry champion worth $18.3 billion, the pair said on Monday. The blockbuster all-share deal was described as a merger but is effectively a takeover because Barrick investors will own a majority 66.6-percent stake. Randgold shareholders will hold the rest. The […]
Against growing crude prices gold is significantly cheap and presents a good buying opportunity, according to Leigh Goehring, managing partner at New York-based firm Goehring & Rozencwajg Associates. The analyst compared the current situation to the one gold and oil markets experienced 20 years ago. “Back in the first quarter of 1999 oil was $11 […]
The gold accumulated by China and Russia could be seen as part of a strategy to move away from international trade denominated in US dollars, according to Singapore’s BullionStar precious metals expert Ronan Manly. Manly exclusively told RT that there is a shift occurring regarding the two countries building up their gold reserves, to perhaps […]
Great Year for Gold The price of gold is up 13 percent since January and is on target for its best-performing year since 2010. It’s driven by a weaker US dollar and safe-haven buying prompted by global political uncertainties. Spot gold was up 0.2 percent, trading at $1,297.39 an ounce as of 11:20 GMT on […]
BRICS are Taking Control of the Gold Market BRICS cooperation in the gold market was first unveiled in April by the First Deputy Chairman of Russia’s Central Bank, Sergey Shevtsov, during a visit to China. “We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed gold trading,” he said. “The […]
Shayne Heffernan Gold Report Globally, gold prices fell 0.19% to $1,346 an ounce after hitting one-year high of $1,357.64 an ounce. Silver prices dropped 0.91% to $17.93 an ounce in New York in Friday’s trade. The current period of elevated uncertainty, both in terms of U.S. domestic policy and in foreign diplomacy, is supporting gold […]
The Gold Report $GLD *A North Korean diplomat on Tuesday warned that his country was ready to send “more gift packages” to the United States as world powers struggled for a response to Pyongyang’s latest nuclear weapons test. *The USD on Wednesday edged down against the JPY, getting closer to a recent 4-1/2 month low, […]
Rising interest rate scenarios, weak investment demand, and optimism about the US economic growth and hints from leading central banks to end the era of easy money policy spells trouble for gold prices. While officials are busy talking things up the underlying Economy still makes Gold a long term buy. We expect gold prices to […]
Why Gold Is Set For An Epic Rally This Spring One little-known junior explorer is grabbing attention for doing something that is virtually impossible: Landing a highly prospective and massive exploration concession that is almost always the purview of the major miners. And the timing couldn’t be better. Panic over nuclear North Korea, a sudden […]
Gold Report This Week Highlights *Strength in US dollar weighed on Gold. *Overall we remain bullish with a price target of 1500 dollars in 2018. *With Macron being elected and lull in the North Korea rhetoric, gold may dip below 1220, under 1200 its a great play. *The economies in India and China remain stable […]
Shayne Heffernan Gold Report: Gold Remains a Buy Gold fell nearly 1 percent on Monday to its weakest in two weeks after centrist Macron led the first round of voting in the French presidential election providing a good entry point to buy and hold. Hedge funds and other money managers increased their net long position […]