Tag: Gold
• Gold broke pivotal support level 1725.00 • Likely to fall to support level 1684.00 Gold recently broke below the pivotal support level 1725.00 (former multi-month support from last September). The breakout of the support level 1725.00 is aligned with the clear downtrend that can be seen on the daily charts. Gold can be expected […]
Gold prices rose marginally during trading today, Wednesday, July 13, 2022, and hovered near their lowest level in 9 months. This comes at a time when investors are awaiting the monthly US inflation data; Looking for clues on the way forward for the Federal Reserve’s monetary policy. Gold Prices Today The price of gold futures […]
• Gold broke pivotal support level 1790.00• Likely to fall to support level 1755.00 Gold is under strong bearish pressure after the price broke the pivotal support level 1790.00 (which has been repeatedly reversing the price from last December). The breakout of the support level 1790.00 accelerated the active impulse waves (iii) and 3 – […]
Gold prices drop about $3, during trading today, Wednesday, July 6, 2022, but it remained near the lowest level in 7 months. This comes as the dollar rose to its highest level in two decades, as investors continued to neglect the yellow metal and look to the greenback, in search of safety amid growing concern […]
Gold prices marginally declined during trading today, Thursday, June 30, 2022, and are heading to record the worst quarterly performance since early 2021. The strong performance of the dollar has kept investors away from bullion, amid moves by major central banks to adopt strict tactics to fight inflation. Gold Prices Today The price of gold […]
Gold prices rose more than 9 dollars, during trading today, Monday, June 27, 2022; News of some Western countries’ plans to formally ban imports of the metal from Russia due to its invasion of Ukraine sparked interest in the precious metal. Four of the wealthy Group of Seven nations moved to ban Russian gold imports […]
Gold prices marginally increased, during trading today, Friday, June 24, 2022, but it is on its way to achieving the second consecutive weekly decline. This comes with fears that major central banks will implement significant increases in interest rates to contain hyperinflation, which is weighing on the demand for bullion. Gold prices today The price […]
Gold prices fell, during trading today, Tuesday, June 21, 2022, with the increase in US bond yields. This comes in light of investors’ anticipation of the position of major central banks to raise interest rates to get a clearer view of bullion. Gold Prices Today The price of gold futures contracts – August delivery – […]
Gold prices fell today, Tuesday, June 14, 2022, in volatile trading, after the session started on the rise, recovering from its lowest level in 4 weeks. This comes with a pause in the rise of the dollar and US Treasury bond yields, and with increasing bets on monetary policy tightening by the Federal Reserve, during […]
Gold prices fell, during trading today, Friday, June 10, 2022, and are heading to record a slight weekly decline with the rise in US Treasury bond yields. This comes as investors await key monthly inflation data in the US, for clues about the future of the Federal Reserve’s monetary policy. Gold Prices Today The price […]