The current price of gold in the global market is slightly up at $1904 per ounce, an increase of $3 compared to earlier this morning. Gold prices have risen as the momentum of the US dollar has slowed down and yields on US bonds have slightly decreased. Analysts believe that gold prices are showing signs of stability ahead of Federal Reserve Chairman Jerome...
Hello dear readers! The price of gold has been trading around the $1900 mark in recent hours. It is evident that gold is making every effort to surpass this resistance level in order to have a chance to reach higher prices. However, given the current context with the increase in the value of the US dollar and tightening policies by the US economy, gold has...
Hello traders, nice to learn about gold with you today! Gold prices increased by $7 per ounce today, reaching $1,895 per ounce. However, gold's upward momentum is currently limited due to the rise in US treasury yields. This week, before the annual meeting of the Federal Reserve (Fed), gold prices are expected to remain relatively stable with minimal...
Greetings, traders! The price of gold is presently trading below the 1900 USD mark. However, in comparison to yesterday, gold has shown new progress by reaching 1896 USD per ounce. At present, gold's ability to rise significantly is hindered by multiple factors. Notably, the USD has yet to cool down and faces additional pressure due to the Federal Reserve's plans...
Hello everyone, have you made any transactions yet? The price of gold is currently trading around the $1900 mark. However, it is difficult for gold to increase in value as other profitable assets such as bonds and the US dollar are strengthening. Investors are shifting from gold to other channels of profit-making, causing the price of gold to continue...
Here are some of my thoughts that I hope you will appreciate. Currently, the interest rates of US bonds will play a significant role in influencing the USD price movement if there is no relevant economic data from the United States. Additionally, a higher level of risk sentiment will allow traders to seize short-term opportunities around the Gold price on weekends...
Greetings to all, the price of gold for the current week remains on a downward trajectory, with the latest value standing at 1888 USD. This represents a decrease compared to previous trading sessions, primarily influenced by factors such as the strength of the USD and bond yields. Moreover, there is speculation that the Federal Reserve may opt for further interest...
Gold is presently being traded at a reduced level and is gradually distancing itself from the 1900 USD per ounce threshold. The primary cause for the decline in prices could be attributed to the Fed's "hawkish" approach. Despite mounting challenges faced by the US economy, the Fed has yet to make a conclusive decision regarding the conclusion of its tightening...
Greetings, esteemed acquaintances! I am curious to hear your thoughts on the trajectory of gold this week. Will it ascend or descend? Allow me to share my insights. At present, gold is being traded at a mere 1888 USD per ounce and appears poised for further decline in the foreseeable future. This can be attributed primarily to the Federal Reserve's persistent...
This week, concerns are growing that the Federal Reserve (Fed) will keep interest rates high for longer than expected, causing significant damage to gold as prices end the week near a five-month low. While there is still optimism that gold could rebound later this year, analysts are warning investors that there have been many short-term technical losses and the...
The global gold price stands at $1,894 per ounce, increasing slightly by $2 per ounce compared to the same time yesterday. Following the release of the Fed meeting minutes, the 10-year Treasury bond yield in the United States reached its highest level in 10 months. This caused the value of the US dollar to rise to its highest point since mid-June, reducing...
Gold price today (18-8): The global gold price continues to face pressure and drops to its lowest level in 5 months, reaching $1892 per ounce. The yield on US Treasury bonds has increased further after the US Dollar Index reached its highest level in 9 weeks overnight. The increase in bond yields has raised the opportunity cost of holding non-interest-bearing...
Gold prices worldwide face serious selling pressure amid a stronger dollar and higher Treasury yields. The rationale behind the strength of the greenback and bond yields is increasing inflation risks. Yields on 10-year US Treasuries surged to nearly 4.30% as the Fed remained cautious as inflation looked persistent. The dollar is benefiting as China's economic...
The price of gold has undergone a slight adjustment and reached its lowest level in the past five months. This is due to the continued increase in US Treasury bond yields, especially the 10-year bond reaching its highest yield in 15 years at around 4.3%. The recovery of the US dollar at this time has also contributed to pushing down the price of gold, facing...
The US dollar has strengthened following the release of disappointing economic indicators from China, which has raised concerns about global growth and increased demand for the safe-haven greenback. Recently, the dollar has risen due to fears that prolonged inflation will lead the Federal Reserve to maintain higher interest rates for longer than previously...
The price of gold today, on August 17th, continues to decline sharply to $1,893.03 per ounce and has lost the support level of $1,900 per ounce. Gold is weakening due to the sharp increase in the US dollar in the international market over the past few days, as the Federal Reserve (Fed) maintains a tight monetary policy. Meanwhile, many Asian countries are pushing...
Gold prices today, August 17th, have reached a new low during the session as the Federal Reserve's minutes signaled concerns about interest rate hikes. The minutes provided little information about the monetary policy decision for September. The Federal Open Market Committee (FOMC) stated that interest rate hikes will still depend on data. However, the minutes...
On August 16th, the global price of gold experienced a slight decline, decreasing by $3.2 to reach $1,903.6 per ounce. However, the decrease in precious metal prices is expected to be limited due to demand from major central banks worldwide. These banks are still actively adding gold to their reserves. When looking at the 4-hour chart, it is evident that the...