FxVince15

FxVince15 Updated 

Gold price resumed its rally amid escalating Middle East tensions, reaching a fresh two-month high of $1,962.62 a troy ounce. XAU/USD holds on to intraday gains, trading at around $1,949 mid-American session as the US Dollar got some attention on the back of plummeting stock markets. United States (US) President Joe Biden briefly visited Israel on Wednesday....

FxVince15 Updated 

Gold price (XAU/USD) trades directionless ahead of US President Joe Biden’s visit to Israel amid deepening Middle-East tensions and the speech from Federal Reserve (Fed) Chair Jerome Powell, which is expected to provide significant guidance on interest rates. Investors hope that Powell will favor a neutral monetary policy and join other Fed officials who recently...

FxVince15 Updated 

Investors reassess renewed hawkish US Federal Reserve (Fed) expectations, spurred by the unexpectedly hot Consumer Price Index (CPI) data from the United States. The US CPI increased 0.4% last month after a 0.3% gain in August, the Labor Department said on Thursday. On an annual basis, the CPI inflation steadied at 3.7% in September, at the same pace as seen in...

FxVince15 Updated 

Gold price jumps to near $1,880.00 on Thursday as hawkish Fed bets swiftly fade away. The precious metal registers a fresh two-week high and is gathering strength for further upside. The yellow metal climbs above the 20-day Exponential Moving Average (EMA) around $1,872.00, which indicates that the short-term trend has turned bullish. The broader Gold price...

FxVince15 Updated 

Gold extended its daily rally and touched its strongest level in over a week above $1,870. The benchmark 10-year US Treasury bond yield is down more than 1% on the day below 4.6% ahead of FOMC Minutes, providing a boost to XAU/USD. GOLD BUY: 1872 TP. : 1880 TP. : 1890 SL. : 1862

FxVince15 Updated 

BOOOM, 6 months for free on FXStreet PREMIUM. Just for Today! Claim HERE your 50% offer! Plus, trade tomorrow US Inflation data! Close alert XAU/USD Editorial GOLD FORECAST AND NEWS Gold price looks to US PPI and FOMC minutes for some impetus; going nowhere in a hurry Gold price (XAU/USD) seesawed between tepid gains/minor losses on Tuesday and consolidated...

FxVince15 Updated 

After sending the majority of the day in a tight channel above $1,850, Gold gained traction and advanced to the $1,860 area in the American session. The benchmark 10-year US T-bond yield declined toward 4.6% and allowed XAU/USD to stretch higher. XAUUSD SELL : 1862 TP. : 1845 TP. : 1830 TP. : 1820 SL. ...

FxVince15 Updated 

Gold price gains some positive traction and seems to have snapped an eight-day losing streak. The US Treasury bond yields and the US Dollar (USD) pullback from the recent highs as investors now seek more clarity about the Federal Reserve's next policy move, which, in turn, is seen lending support to the metal. GOLD SELL : 1827 TP. : 1815 TP. ...

FxVince15 Updated 

Gold price struggles to capitalize on its modest intraday positive move to the $1,825 area on Friday. Bets for more Fed rate hikes in 2023, elevated US bond yields and a bullish USD continue to weigh. Traders now look forward to crucial US NFP for a fresh directional impetus. GOLD SELL : 1822 TP. : 1810 TP. : 1794 TP. ...

FxVince15 Updated 

Despite holding resilient in the face of a hawkish Federal Reserve outlook in the previous week, Gold price suffered heavy amid broad-based US Dollar (USD) strength and surging US Treasury bond yields. XAU/USD staged a modest rebound on Friday but ended up losing more than 2% for the week. GOLD SELL : 1823 TP. : 1810 TP. : 1800 TP. ...

FxVince15 Updated 

Gold price (XAU/USD) has been trending lower over the past two weeks or so in the wake of the Federal Reserve (Fed) signal that sticky inflation was likely to attract at least one more rate hike in 2023. Moreover, several Fed officials backed the case to keep rates restrictive for longer to bring inflation to the 2% target. Adding to this, the incoming resilient...

FxVince15 Updated 

Gold price turned south and dropped to its weakest level since early March below $1,840. The benchmark 10-year US Treasury bond yield turned positive on the day above 4.6% following Friday's correction, weighing on XAU/USD ahead of Fed Chairman Powell's speech. GOLD SELL : 1834 TP. : 1824 TP. : 1812 TP. : 1800 SL. ...

FxVince15 Updated 

Gold price enters a bearish consolidation phase near a multi-month low touched on Wednesday. The prevalent risk-off environment is seen lending some support to the safe-haven XAU/USD. Bullish USD and elevated US Treasury bond yields cap the recovery move. Gold Sell : 1879 TP. : 1870 TP. : 1860 TP. : 1850

FxVince15 Updated 

Gold price now seems to have found acceptance below the $1,900 mark, which, along with bearish oscillators on the daily chart, suggests that the path of least resistance is to the downside. Hence, some follow-through weakness towards retesting the August monthly swing low, around the $1,885-1,884 region, looks like a distinct possibility. Some follow-through...

FxVince15 Updated 

Gold price (XAU/USD) recovers a bit from a one-and-half-week low touched this Tuesday and trades just below the $1,1915 level during the early European session, down 0.10% for the day. The global risk sentiment takes a hit in the wake of worries about economic headwinds stemming from rising borrowing costs, especially after the Federal Reserve (Fed) indicated last...

FxVince15 Updated 

Gold price is recovering ground from the weekly low of $1,914 ahead of a busy Friday, packed with preliminary global PMI data releases. The United States Dollar (USD) is taking a breather even though the US Treasury bond yields are setting fresh multi-year highs. Gold Sell : 1924 TP. : 1916 TP. : 1908 TP. : 1900 SL. : 1934-36

FxVince15 Updated 

Gold price hovers around $1,930 during the early trading hours of the European session on Thursday. Investors seem to shift their focus on upcoming US data after the US Federal Reserve’s (Fed) decision on policy rates. GOLD SELL : 1925 TP. : 1918 TP. : 1910 TP. : 1900 SL. : 1932-38

FxVince15 Updated 

Gold price (XAU/USD) trades back and forth as uncertainty over the interest rate outlook by the Federal Reserve (Fed) deepened. The upside in the precious metal remains restricted as Fed policymakers continue to maintain a hawkish stance for upcoming monetary policy meetings GOLD BUY : 1922 TP. : 1932 TP. : 1945 TP. :...