Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets

Gold 1 OZ (XAU=X) bulls continue to be hamstrung by rallying world stock markets

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) solid technical support at $1,465.00

Gold 1 OZ (XAU=X) solid technical support at $1,465.00

Gold 1 OZ (XAU=X) solid technical support at $1,465.00 Gold prices are modestly up on an upside correction after suffering sharp losses Tuesday. Rallying world stock markets that saw the U.S. indexes score record highs on Tuesday continue to squelch buying interest in the safe-haven metals. December gold futures were last up $4.60 an ounce at 1,488.30. December Comex […]

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22

Gold 1 OZ (XAU=X) prices on track for the lowest settlement since Oct. 22

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 1 OZ (XAU=X) trader and investor risk appetite remains upbeat

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

Gold 1 OZ (XAU=X) may rally further in the days ahead

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

Gold 1 OZ (XAU=X) higher as Consumer Spending Rises Slightly, Inflation Remains Under Target

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) steady amid delay in trade deal

Gold 1 OZ (XAU=X) steady amid delay in trade deal

Gold 1 OZ (XAU=X) steady amid delay in trade deal Gold remained flat with a negative bias on domestic futures on October 30 due to a possible delay in the US-China trade pact. Meanwhile, investors across the globe also wait for the decision of the US Federal Reserve’s on interest rates later in the day. […]

Gold 1 OZ (XAU=X) Bulls Held at Bay in Front of Big Data Week

Gold 1 OZ (XAU=X) Bulls Held at Bay in Front of Big Data Week

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) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500

Gold 1 OZ (XAU=X) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500

Gold 1 OZ (XAU=X) strength in the U.S. stock market fuelling the precious metal’s settlement below the psychologically important level of $1,500 Gold futures declined Monday, with strength in the U.S. stock market fueling the precious metal’s settlement below the psychologically important level of $1,500 an ounce. Traders awaited this week’s Federal Reserve policy meeting, […]

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price

Gold 1 OZ (XAU=X) Fresh Developments coming out of the Federal Reserve likely to Influence Price Fresh developments coming out of the Federal Reserve is likely to influence theprice of goldas the central bank is widely expected to deliver another rate cut in October. Fundamental Forecast for Gold: Bullish The price of gold trades within […]

Gold 1 OZ (XAU=X) technical buying gives support

Gold 1 OZ (XAU=X) technical buying gives support

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 1 OZ (XAU=X) prices up on risk aversion amid the Brexit saga playing out

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 1 OZ (XAU=X) buyers are being squelched by firmer global equity markets this week

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

Gold 1 OZ (XAU=X) The COT report remains near-term bearish with commercial shorts just off record levels

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) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place

Gold 1 OZ (XAU=X) bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place Technically, the gold bulls have the overall near-term technical advantage but a five-week-old downtrend is still in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close […]

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month

Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month U.S. retail sales fell 0.3% in September following August’s revised rise of 0.6%, according to the latest data from the U.S. Commerce Department, released Wednesday; the data missed expectations as economists were forecasting an increase of 0.3%. Meanwhile, […]

Gold 1 OZ (XAU=X) back under pressure below $1,500

Gold 1 OZ (XAU=X) back under pressure below $1,500

Gold 1 OZ (XAU=X) back under pressure below $1,500 Gold prices are back under pressure below $1,500 an ounce, weighed down by growing positive investors sentiment that is boosting equity markets; however, one international bank sees prices holding steady through next year. In a recent report, analysts at Credit Suisse said that global economic uncertainty […]

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction

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

Gold 1 OZ (XAU=X) solid resistance at $1,520.00

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

Gold 1 OZ (XAU=X) Weighed Down by Easing Gold Volatility

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 1 OZ (XAU=X) fundamentals still leave room for price growth

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 1 OZ (XAU=X) Investors focus on Federal Reserve’s Economic Policy Symposium in Jackson Hole, Wyoming

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

Gold 1 OZ (XAU=X) solid resistance at the August high of $1,546.10

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 1 OZ (XAU=X) higher with a slide in U.S. Treasury yields

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

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10

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 1 OZ (XAU=X) chart pattern suggests investor indecision and impending volatility

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 1 OZ (XAU=X) solid resistance at $1,600.00

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

Gold 1 OZ (XAU=X) solid resistance at $1,600.00

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

Gold 1 OZ (XAU=X) notching a six-year high

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 […]

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further

Gold 1 OZ (XAU=X) growth worries likely to persist, price could rise further Goldman Sachs Group upgraded its gold forecast for the first time this year, upping its 3-month and 6-month projections to $1,575 and $1,600 an ounce in light of escalating trade war tensions. Gold prices were solidly above $1,500 an ounce on Monday […]

Gold 1 OZ (XAU=X) solid resistance at $1,550.00

Gold 1 OZ (XAU=X) solid resistance at $1,550.00

Gold 1 OZ (XAU=X) solid resistance at $1,550.00 Gold prices are higher in early U.S. trading Friday, as traders and investors are uneasy again, and looking to the safe-haven metals for cover. December gold futures were last up $3.70 an ounce at 1,513.30. September Comex silver prices were last up $0.059 at $16.995 an ounce. Technically, the gold bulls have […]

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00

Gold 1 OZ (XAU=X) solid technical resistance at $1,550.00 Technically, December gold futures prices closed nearer the session low. The bulls still have the strong overall near-term technical advantage. A nine-week-old uptrend is in place on the daily bar chart. There are still no early chart clues to suggest a market top is close at […]

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level

Gold 1 OZ (XAU=X) hitting a six-year high and trading well above the key $1,500.00 level Technically, December gold futures prices closed nearer the session high today. The bulls have the strong overall near-term technical advantage. A nine-week-old uptrend is in place on the daily bar chart. There are still no early chart clues to […]

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war

Gold 1 OZ (XAU=X) safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war Gold prices near steady and pausing in early U.S. trading Tuesday, after scoring another six-year high in overnight dealings. Safe-haven demand has been featured the past few sessions amid an escalating U.S.-China trade war. December gold futures were last […]

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war

Gold 1 OZ (XAU=X) investors are jumping into gold as the U.S.-China trade war has turned into a currency war Fear is surging through financial markets and investors are jumping into gold as the U.S.-China trade war has turned into a currency war. The next target for gold in this environment is clearly $1,500 an ounce, analysts […]