Gold drops back to $1,823, reversing the Asian session gains ahead of cheering Tuesday’s full markets. US Dollar Index tapering, underpin risk-on mood. It should be noted that Australia, New Zealand and Japan mark the reduction in the COVID-19 numbers and tease plans of how they could overcome the pandemic, especially in Canberra. Even so, […]
A combination of factors remained supportive for gold prices near the lower levels disappointing US jobs reports, persistent coronavirus threat and geopolitical concerns. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. If not […]
This was evident from a sharp intraday spike in the US Treasury bond yields on Friday, which kept a lid on any further gains for the non-yielding gold. In fact, the yield on the benchmark 10-year US government bond jumped back above 1.32%, which, in turn, provided a much-needed respite to the US dollar bulls. […]
Gold caught some fresh bids during the early North American session and shot to near one-month tops, around the $1,830 region in reaction to disappointing headline NFP print. Investors pushed back their expectations for the likely timing when the Fed will begin rolling back its massive pandemic-era stimulus. Meanwhile, the data now seemed to have […]
Gold’s rally higher has stalled around the 200-day moving average at $1810 for now. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. If not otherwise explicitly mentioned in the body of the article, […]
Every trend has a countertrend – and the same goes for gold, which has significantly benefited from the Federal Reserve’s dovish stance. The TC is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc. Markets and instruments profiled on this page are […]
The movement came after the FOMC Chair Jerome Powell didn’t drop a signal as to when the central bank would start reducing its asset purchases and reiterated his view that current inflations spikes are transitory. 1,856 comes next ahead of the June 1 highs of 1,916. Markets and instruments profiled on this page are for […]
The softer US Initial Jobless Claims data relieve some pressure off the gold prices amid concerns that the Fed will start a reduction in its bond-purchasing program. However, cautious sentiment ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium probes the gold prices of late. Furthermore, Blast at Kabul airport and reports […]
The overnight goodish pickup in the US Treasury bond yields helped the USD to stall its recent corrective fall from a nine-and-half-month top. The global risk sentiment got a lift after China said that it had stopped the community spread of COVID-19, which restored confidence in the country’s growth dynamics for the rest of the […]
Update: Gold now seems to have entered a bullish consolidation phase and was seen oscillating in a narrow trading band, near two-and-half-week tops touched on Monday. Investors drew comfort after the US Food and Drug Administration granted full approval to the Pfizer/BioNTech COVID-19 vaccine. Meanwhile, worries that the fast-spreading Delta variant of the coronavirus could derail […]
Update: After rising to its strongest level since August 5 at $1,809.59 in the early trading hours of the American session on Tuesday, good lost its bullish momentum and not looks to close the day flat around $1,805. Gold gained some positive traction during the early North American session and climbed to near three-week tops, around […]
Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned […]
The yellow metal prints the biggest daily losses since the August 09 slump as the market sentiment sours amid coronavirus fears. Looking forward, gold traders need to keep their eyes on the virus updates and GDP, as well as tapering, related headlines for fresh impulse. Gold price is pressurizing lows near $1780, looking for a […]
Will the Federal Reserve announce it will taper down its bond purchases in its next meeting? Gold bulls dread the moment in which the world’s most powerful central bank begins printing fewer dollars. The TC is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, […]
”Fed officials have increasingly been pointing to tapering starting before too long, with many hawks making the case for a formal tapering announcement in September. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. […]
After losing its bullish momentum ahead of $1,800, gold closed the day virtually unchanged on Tuesday and continues to have a tough time making a decisive move in either direction. Despite the broad-based USD strength, XAU/USD’s movements remain limited on Tuesday as the precious metal also was able to capitalize on safe-haven flows. Earlier in […]
Update: Gold held on to its modest intraday gains through the first half of the European session, albeit lacked any follow-through buying and remained confined in the overnight trading range. That said, a modest uptick in the US Treasury bond yields helped limit any meaningful USD losses and kept a lid on any runaway rally for […]
The XAU/USD pair closed the fourth straight day in the negative territory and preserved its bullish momentum during the first half of the day on Tuesday. In case Wall Street’s main indexes suffer heavy losses after the opening bell, the USD could continue to outperform its rivals and force XAU/USD to extend its downward correction. […]
US Retail Sales fell more than expected echoing with the US Federal Reserve Chair Jerome Powell comments on the unknown impact of the recent outbreak of the coronavirus on the economy. As per the latest updates, New Zealand marked four covid cases linked to the first one found in Auckland on Tuesday whereas Australia’s New […]
Update: Gold prolonged its recent strong rebound from the $1,687 area, or the lowest level since March touched earlier this month and gained traction for the fifth successive session on Tuesday. The flight to safety, along with diminishing odds that the Fed will begin tapering its assets purchases continued exerting pressure on the US Treasury bond […]