The gold position went sideways in the context that the USD did not fluctuate much when the Fed did not have any unexpected moves as expected by the market. The USD hangs high with the DXY index around 105 points as Fed officials still have a hawkish tone. The USD remains supported by policy currencies in many countries. However, today, September 19, the Bank...
World gold prices this morning were stable with spot gold down 1.7 USD/ounce to 1,931.7 USD/ounce. Gold futures last traded at $1,953.40 an ounce, down $0.30 from the bright spot. The precious metals market was quiet at the beginning of this week while waiting for information related to the US Federal Reserve's (Fed) monetary policy meeting. The debate will end...
World gold price this morning fluctuated slightly with spot gold increasing by 2.8 USD to 1,919.3 USD/ounce. December gold futures last traded at $1,942.5 per ounce, up $0.9 from the previous morning. Traders are waiting for the next US economic data for price direction. As expected, the consumer price index report of August will be published on September...
This Thursday, gold prices remained near the lowest level in a week after 5 consecutive sessions of decline. The main reason is that the USD reached its highest level since mid-March, after data showed that the US service sector unexpectedly recovered in August. Spot gold was stable at 1,918. 0.14 USD/ounce at 05:35 GMT and hovered near the lowest since August 29...
The radiant world gold price now continued its decline with spot gold down 10.2 USD to 1,891.4 USD/ounce. Gold futures in December traded at the end of the period at $1,928.3 per ounce, down $6.9 from the previous morning. Gold trades near a six-month low after the minutes of the central bank's July monetary policy meeting were drawn up. The minutes showed that...
In general, the world gold price is fluctuating with a gentle amplitude, flipping horizontally in recent trading sessions. Gold prices are standing neutral pending a decision on interest rate changes from the Federal Reserve (Fed). Over the past week, the market has received a series of important information about the US economy. However, this data cannot well...
The world gold price this morning turned to fall sharply, the dollar rose after the struggle of the Fed's monetary policy when newly released data showed that the growth of the US economy was better than forecast. The dollar rebounded in the last session, after more-than-expected US economic data continued to reduce investors' expectations for a relatively...
Gold futures for delivery in August 2023 on the Comex New York exchange fell by $1.50, or 0.08%, to $1,931 per ounce. Gold has started the trading week with a fairly peaceful movement as it only dropped slightly in the US Monday midday session. Still, it's been a hot week in opposition to the US economic report, which includes key US broadcast data later this...
OANDA:XAUUSD Gold remains around $1,920, trying to extend the previous day's rally after falling for the past three weeks. Gold prices met fresh supply at the end of the week and extended the day's steady downtrend into the early European session. Fed Chairman Jerome Powell said earlier this week that he does not see inflation falling to the Fed's 2% target...
OANDA:XAUUSD XAU/USD is currently hovering around $1,912 and maintains a bearish view with a break above $1,900. XAU/USD came under selling pressure for the third day in a row, reaching as low as $1902.80. The US dollar rallied ahead of the Wall Street open on dismal US data. Support level: 1,903.00 1.888.10 1,870.15 Resistance levels: 1,920.80 1,933.50...
OANDA:XAUUSD Gold prices are trading near three-month lows, as the US Dollar is extending its recovery mode amid rising Fed expectations and ahead of a fresh round of US mid-level economic data releases. Immediate support is anticipated at $1,900, below which a fresh downtrend towards as low as $1,886 (March 15) cannot be ruled out. Conversely, a strong...
OANDA:XAUUSD Spot gold edged higher at the weekly open, filling a gap later in the European session. However, investors take a more cautious stance as major central banks continue to combat inflation with rate hikes at a time when most are believed to have paused and are preparing to move in the opposite direction. again. Gold prices struggled to gain any...
Late on Tuesday, US President Joe Biden expressed concerns about China's significant challenges, sparking fears about the global economy and a potential conflict between the US and China. These apprehensions have also prompted gold buyers to take action. Adding to this, the Wall Street Journal (WSJ) reported that the Biden administration is contemplating imposing...
OANDA:XAUUSD Gold prices stalled Monday's rally, as a strong rally in US Treasury yields offset the US dollar, even as the market remained risk-averse. However, concerns about political instability in Russia boosted safe-haven flows into US government bonds, sending US Treasury yields plummeting. As a result, Gold price could challenge the key support of the...
OANDA:XAUUSD Thursday saw a fresh sell-off in Gold prices as the US Dollar made an impressive comeback against aggressive comments from the Fed and risk aversion. The Fed will end its rate-raising cycle at some point this year and begin cutting it next year. This forms a structural support for Gold in the medium to long term. Now, attention turns to PMI reports...
OANDA:XAUUSD The bellicose statements of Fed Chairman Jerome Powell have led to increased demand for the US dollar. Along with that, US macroeconomic data turned out to be worse than anticipated, raising concerns and adding pressure to market sentiment. Initial jobless claims for the week ending June 16 rose 264K from the 260K financial markets...
Immediate delivery of gold has experienced a significant weekly increase, the largest since November, due to concerns about the global financial market's widespread contagion this week. Gold has surged to its biggest weekly gain since November, fueled by concerns over the spread of the global financial market this week. The Credit Suisse crisis has further...
NZDUSD is trading at resistance level and also it has continuously trading in Ascending Channel pattern from long time .According to chart pattern analysis , we might see downside in NZDUSD for short time. Trade with Stop loss and own capital risk management views/opinions are welcome to discuss.