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Commodity prices are booming across the board with everything from metals, energy to agriculture markets, trading near multi-year highs. According to a report from the World Gold Council amounted to 815.7t, almost equivalent to Q4 2020, only down 23% compared to Q1 2020. Investment in bars and coins of 339.5t , which lost 177.9 in […]
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. Gold consolidates the latest two-day downtrend amid a quiet Asian session on Monday. The possibility exists that you could sustain a loss of some or […]
Gold consolidates the latest two-day downtrend amid a quiet Asian session on Monday. The hopes of US stimulus and economic recovery in Asia, despite the looming coronavirus in Japan and India, back the risk barometer. The TCD is a tool to locate and point out those price levels where there is a congestion of indicators, moving […]
”Looking ahead, no further talk of tapering from the Fed and more talk of big stimulus from Treasury is likely to continue weighing on the dollar and so we can’t sound the all-clear just yet. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across […]
Gold was trading in a tight range on Friday and it had travelled between a low of $1,764.31 to a high of $1,773.74 to end flat on the day following a late afternoon recovery. The XAU/USD pair failed to break above $1,800 in the previous week and opened in a calm manner on Monday as […]
Even so, May begins with the downbeat notion as market players doubt global economic recovery and US stimulus amid a quiet session with off in Japan and China. Doubts that the one-jab, for now, policy from the Western governments isn’t enough to stop the coronavirus seem to have exerted the latest downside pressure on risk […]
Even so, May begins with the downbeat notion as market players doubt global economic recovery and US stimulus amid a quiet session with off in Japan and China. Well, in calendar terms, it’s indeed spring, but economically it can be summer already or still the beginning of winter. Markets and instruments profiled on this page […]
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. The XAU/USD pair came under strong bearish pressure on Thursday and dropped to its lowest level in two weeks at $1,756. The possibility exists that you could […]
Gold rallied as high as $1790 in the Asian trading on Thursday but gave up gains to reached fresh ten-day lows at $1756 after the US Treasury yields hit the highest levels in over two weeks on better-than-expected US Q1 GDP data. However, technical indicators suggest on the daily time-frame chart that the precious metal […]
The returns on the US debt surged after the country’s annualized GDP beat estimates with 6.4% in Q1 2021 while the weekly jobless claims hit the pandemic low. Notably, once again, gold attempted to rise above $1790.00 an ounce in early New York trading, but was repulsed. Markets and instruments profiled on this page are […]
Although mildly negative S&P 500 Futures and sustained recovery of the US dollar index seem to back the gold sellers, BioNTech’s hopes of finding a vaccine for Indian-origin covid strain seem to battle the moves. The price of gold is trapped in daily support and resistance but pressured at 4-hour resistance. Markets and instruments profiled […]
Although the pair managed to erase a small portion of its daily losses, it was last seen losing 0.75% on the day at $1,768. The Relative Strength Index on the four-hour chart fell to 40, suggesting that buyers are struggling to retake control of the price. The main change is that the Fed has noticed […]
It was the dismissal from Fed Chair Powell on tapering talks, which hammered the greenback across the board while the 10-year US rates fell from near 1.65% to 1.61%. This, along with a strong pickup in the US Treasury bond yields, prompted some fresh selling around the non-yielding yellow metal. The precious metal built on […]
Gold inches closer to the $1,800 threshold, refreshing weekly top to $1,788.31 by the press time of early Thursday. The US Federal Reserve’s moves, actually inaction, dragged down the greenback and backed the bright metals heaviest jump in a week the previous day. Markets and instruments profiled on this page are for informational purposes only […]
The Fed says indicators of economic activity are improving and employment has strengthened but says sectors most affected by the pandemic remain weak but have shown improvement. The situation is far from bleak – gold is nibbling at the bearish gap, but it‘s the miners that are providing more than a glimmer of hope. Markets […]
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. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that […]
Gold is licking its wound below $1800 after extending losses into the second straight session, with all eyes on the Fed’s decision for fresh direction. In doing so, the bright metal justifies the previous day’s downside break of an ascending support line from March 31. Markets and instruments profiled on this page are for informational […]
Gold dropped on Tuesday but held within its recent trading range between $1800-$1765. 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. GBP/USD stays pressured below 1.3900, as a rush to risk-safety put a […]
Gold dropped on Tuesday but held within its recent trading range between $1800-$1765, as the US Treasury yields surged and pushed the US dollar higher alongside. Gold is extending Tuesday’s decline towards $1760 as the yellow metal is so far thwarted by the 55-day moving average at $1800.63. Gold dropped to one-and-half-week lows during the […]
Markets are turning risk-averse as the Fed begins its two-day monetary policy meeting later today while surging covid cases in emerging economies also underpin the safe-haven US dollar. The TCD 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 […]