Gold prices (XAU/USD) maintain a positive stance around the $1,925 mark in early Asian trading on Wednesday. The precious metal's rise is bolstered by a weakening US Dollar (USD). Meanwhile, the US Dollar Index (DXY), measuring the USD's value against a basket of foreign currencies, has fallen to 106.19. However, higher yields on US Treasury bonds may limit the...
The spot gold price saw an early decline from the week's opening level, slipping from $1,933 on Monday to $1,908 during the early Monday trading session before mounting a recovery. This revival in investor sentiment coincided with broader market dynamics. On the daily XAU/USD chart, the precious metal started the week near the upper end of its range but...
Gold saw modest losses, hovering around $1,925 USD in early Asian trading on Monday. Market sentiment appears mixed as investors hold hopes for a potential new stimulus plan from China to boost its economy, while political tensions between Israel and Palestine remain a focal point. A brief summary of gold prices shows a recovery from the crucial short-term 21-day...
Gold saw a remarkable surge this week, with prices jumping from around $1,700 per ounce to above $1,900 USD, marking the most significant weekly increase since January. The boost came in response to the latest political tensions in the Middle East, causing an extraordinary level of volatility for the precious metal. On Friday, gold futures on the New York Comex...
Content: Gold prices reached their highest point in over two weeks on Friday as speculative buyers regained control after a brief pause on Thursday. This rally was inspired by the higher-than-expected inflation figures for September in the United States. A prevailing viewpoint is that the Fed's tightening cycle is coming to an end, offsetting the strong potential...
Content: Gold (XAU/USD) attracted some buying interest during the Asian session on Friday and seems to have halted its retreat from the $1,885 region, which marked a two-week high. Currently, the precious metal is trading just above the $1,870 level, up 0.10% for the day, though any significant price movement appears elusive. The U.S. Bureau of Labor Statistics...
Gold prices dipped on Tuesday, shedding nearly 2% from the previous session as cautious investors returned to riskier assets and awaited further signals regarding the Federal Reserve's policy stance. Spot gold contracts slipped 0.07% to $1,859.62 per ounce at 16:43 local time, after hitting a one-week high earlier in the session. Meanwhile, U.S. gold futures...
Content: The daily chart for the XAU/USD pair reveals it's holding near the day's high, with the bulls still in control. However, the precious metal is trading below the 20-day Simple Moving Average (SMA), losing some downside price momentum and offering dynamic resistance at around $1,880. Meanwhile, technical indicators continue to advance in a neutral manner,...
old remains stable around $1,800 amid the Israel-Hamas conflict. Analysts are closely watching its recovery, which hinges on the crisis's severity and its impact on the global oil market. Spot gold, monitored by traders, was at $1,861.51, up 1.6% for the day, with a daily high of $1,862.26. Gold had hit a seven-month low recently, but it is holding steady above...
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