Gold 1 OZ (XAU=X) Markets Show Strength

Gold 1 OZ (XAU=X) Markets  Show Strength

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 1 OZ (XAU=X) Markets Break Barriers

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 1 OZ (XAU=X) Markets Continue To Look Bullish

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) Prices Rally Ahead of US Holiday Weekend on Virus Fears

Gold 1 OZ (XAU=X) Prices Rally Ahead of US Holiday Weekend on Virus Fears

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 1 OZ (XAU=X) Markets Rally To Show Signs Of Strength Again

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 1 OZ (XAU=X) continues to trade sideways

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 1 OZ (XAU=X) trading weaker despite doubts

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 1 OZ (XAU=X) futures post first loss in 4 sessions

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 1 OZ (XAU=X) Breakout Over $1595.50 Could Trigger Acceleration into $1619.60

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 1 OZ (XAU=X) consolidates as uncertainty lingers

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 1 OZ (XAU=X) traders continue to weigh the spread of coronavirus cases and its potential impact on the global economy

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 1 OZ (XAU=X) Likely to be Bid as Coronavirus Fears Intensify

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 1 OZ (XAU=X) markets continued to absorb the potential effects of the coronavirus that is spreading throughout China

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 1 OZ (XAU=X) plenty of support near the $1550 level

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 1 OZ (XAU=X) price eases as markets assess risks from China virus

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 1 OZ (XAU=X) prices end lower as coronavirus threatens China buying

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 1 OZ (XAU=X) gains on Yemen attacks

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 1 OZ (XAU=X) Momentum Shifts to Upside

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) price falls as investors look beyond safe-haven assets

Gold 1 OZ (XAU=X) price falls as investors look beyond safe-haven assets

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 1 OZ (XAU=X) futures fall to their lowest finish in almost 2 weeks

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 1 OZ (XAU=X) slips as U.S., China due to sign trade deal on Wednesday

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 1 OZ (XAU=X) slides from near 7-year peak as U.S.-Iran fears subside

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 1 OZ (XAU=X) Prices Rise Above $1,600 on Simmering U.S.-Iran Tensions

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

Oil and Gold 1 OZ (XAU=X) prices rise amid US-Iran uncertainty

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 1 OZ (XAU=X) Analyst warn of a near-term market top in prices

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 1 OZ (XAU=X) Surge Following US Attack on Iranian General

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 1 OZ (XAU=X) prices could test $1,540/oz next

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 1 OZ (XAU=X) Prices Rise as the Dollar Drops

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 1 OZ (XAU=X) closes near 3-month high, clinches longest win streak in about 6 months

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)

Festive price breakout heralds a glittering 2020 for Gold 1 OZ (XAU=X)

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 1 OZ (XAU=X) price marks highest finish in more than 8 weeks

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

Gold 1 OZ (XAU=X) price barely flinches to impeachment noise, and change is unlikely

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 1 OZ (XAU=X) price steady as trade deal doubts offset positive US data

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 1 OZ (XAU=X) prices continued to show a lack of direction

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 1 OZ (XAU=X) finding some support from weakness in the U.S. dollar but weighed down by strength in bond yields

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 1 OZ (XAU=X) gains as lack of details on trade deal lifts demand

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 1 OZ (XAU=X) prices are likely to rise if Trump says yes to the tariffs

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 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets

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

Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down

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 1 OZ (XAU=X) short term momentum has turned negative

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 1 OZ (XAU=X) Price Rally is Just a Pause

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

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X)  prices takes a break

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 Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future?

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 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit

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 […]

Big banks optimistic for Gold 1 OZ (XAU=X) price

Big banks optimistic for Gold 1 OZ (XAU=X) price

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 1 OZ (XAU=X) investors  eyeing consumer confidence and on U.S.-China trade talks

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 1 OZ (XAU=X) investors’ appetite for riskier assets increase

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 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

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 1 OZ (XAU=X) prices have remained rangebound amid mixed cues

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) is awaiting more clarification on the US/China trade front

Gold 1 OZ (XAU=X) is awaiting more clarification on the US/China trade front

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 1 OZ (XAU=X) Markets Recover After Initial Selloff

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 1 OZ (XAU=X) continues to look vulnerable to the downside in the wake of positive news over U.S.-China trade relations

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

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) showing tendencies of correction

Gold 1 OZ (XAU=X) showing tendencies of correction

Gold 1 OZ (XAU=X) showing tendencies of correction Last week saw a continuation of the pullback in Gold prices. As discussed on Monday, a long-term zone of resistance continued to loom large as Gold prices still showed tendencies of correction after this summer’s near-parabolic bullish jump. That resistance zone runs between Fibonacci levels at 1509 and 1527. […]

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise

Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise Gold is likely to remain under pressure as long as Treasury yields continue to rise. Furthermore, a weaker U.S. Dollar is not expected to influence gold prices too much until all of the long-hedge positions in the greenback […]

Gold 1 OZ (XAU=X) Cycles Pointing Lower

Gold 1 OZ (XAU=X) Cycles Pointing Lower

Gold 1 OZ (XAU=X) Cycles Pointing Lower Metals and miners have been bouncing after forming interim cycle lows. Our work supports a failed rally that should terminate by mid-October. A trade deal with China (partial or otherwise) could trigger the next selloff in gold. We use cycles to time key turning points in precious metals. […]

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments

Gold 1 OZ (XAU=X) turns to FOMC minutes after Powell’s comments Gold prices and Brent may suffer after the FOMC minutes are published if the underlying tone in the text does not reflect the same level of urgency for easing that investors are expressing. At the time of writing, overnight index swaps are pricing in […]

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood Gold and silver prices are firmer in early U.S. trading Tuesday. There are several geopolitical matters at work that have traders and investors worldwide in a bit of a risk-averse mood. December gold futures were last up $4.30 an ounce at 1,508.70. […]

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market After a brief respite last month, fear and uncertainty have returned with a vengeance in October. Recent world events have given investors plenty of reasons to fear an expansion of the global trade war. Meanwhile on the domestic front, investors are becoming increasingly alarmed […]

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) recovers, tracking global cues

Gold 1 OZ (XAU=X) recovers, tracking global cues

Gold 1 OZ (XAU=X) recovers, tracking global cues Gold prices gained in futures trades participants made fresh bets, tracking global cues. US stock indexes dipped on Thursday as fresh developments in an inquiry into the impeachment of President Donald Trump offset gains from trade-related optimism fuelled by upbeat comments from China, reported Reuters. A fall in […]

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines

Gold 1 OZ (XAU=X) Prices Tumble as Safe Haven Bid Declines Gold prices tumbled on Wednesday as traders absorbed geopolitics and determined that risk off was not in vogue. US yields moved higher putting upward pressure on the US dollar which paved the way for lower gold prices. Gold started the session on the offensive […]

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world

Gold 1 OZ (XAU=X) could rally another 50% due to the enormous amount of debt hanging around the world Gold could rally another 50% due to the enormous amount of debt hanging around the world, this according to E.B. Tucker, Director of Metalla Royalty & Streaming. The amount of debt is growing tremendously, with the […]

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand

Gold 1 OZ (XAU=X) trading at a more than one-week high as growth concerns spark renewed safe-haven demand Gold prices are trading at a more than one-week high as growth concerns spark renewed safe-haven demand for the yellow metal; however, one analyst isn’t convinced that the current rally can be sustained. December gold futures are […]

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X)

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X)

Fresh comments from Federal Reserve officials may influence the price of Gold 1 OZ (XAU=X) Fresh comments from a slew of Federal Reserve officials may influence the price of gold as there appears to be a growing dissent at the central bank. FUNDAMENTAL FORECAST FOR GOLD: NEUTRAL The price of gold slipped to a fresh monthly-low ($1483) as […]

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates

Gold 1 OZ (XAU=X) holding $1,500 after fractured Federal Reserve cuts rates Gold prices are under pressure but holding critical support above $1,500 an ounce as the Federal Reserve cuts interest rates but strikes fairly neutral tone on the U.S. econom and a fractured central bank. In a widely anticipated move Wednesday, the U.S. central […]

Gold 1 OZ (XAU=X) solid resistance at $1,566.20

Gold 1 OZ (XAU=X) solid resistance at $1,566.20

Gold 1 OZ (XAU=X) solid resistance at $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]

Gold 1 OZ (XAU=X) solid resistance of $1,566.20

Gold 1 OZ (XAU=X) solid resistance of $1,566.20

Gold 1 OZ (XAU=X) solid resistance of $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish

Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish Gold traders will also be watching Wednesday’s Fed interest rate and monetary policy decisions. A 25-basis point rate cut is widely expected, however, traders will be more interested in how Fed policymakers feel about a December rate cut. Gold futures finished lower for a […]

Gold 1 OZ (XAU=X) Grasps at Support

Gold 1 OZ (XAU=X) Grasps at Support

Gold 1 OZ (XAU=X) Grasps at Support The next couple of weeks bring two highly-awaited Central Bank rate decisions out of Europe and then the US. Both meetings are expected to produce some form of softening and, at this point, there’s likely a portion of that already priced-in to the Euro and the US Dollar. […]

Gold 1 OZ (XAU=X) seeing some renewed interest

Gold 1 OZ (XAU=X) seeing some renewed interest

Gold 1 OZ (XAU=X) seeing some renewed interest The gold market is seeing some renewed interest and is close to unchanged on the day as President Donald Trump fires another salvo in the U.S. trade war with China. Gold price were in solidly negative territory but has cut its losses in initial reaction to the […]

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years

Gold 1 OZ (XAU=X) steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years Gold prices are trading near steady in volatile action in the aftermath of the first U.S. interest rate cut from the Federal Reserve in 11 years. The yellow metal dropped to […]

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40 Technically, August gold futures prices closed near the session high. The bulls have the firm overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events

Gold 1 OZ (XAU=X) treading water just ahead of big U.S. economic events Gold prices are slightly higher in early U.S. trading Monday. The yellow metal and the silver market are treading water just ahead of big U.S. economic events happening as the week progresses. August gold futures were last up $0.80 an ounce at 1,420.10. September Comex silver prices […]

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate

Gold 1 OZ (XAU=X) trade cautiously lower as selloff may accelerate Gold prices traded cautiously lower this past week, making for the worst performance over the course of 5 days since the first week of July. While progress was very gradual, there were a couple of notable technical developments. Together, these threaten the precious metal’s rise […]

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40

Gold 1 OZ (XAU=X) solid technical resistance at the July high of $1,454.40 Technically, August gold futures prices closed near mid-range again today. The bulls have the firm overall near-term technical advantage and are keeping in place a two-month-old uptrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to […]

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