Gold (XAU/USD) traded through yesterday’s North American session with a mild negative bias and was last spotted trading around the $1970 level. The mild negative bias from yesterday continued into the European session on Wednesday after extending its overnight correction slide from its two-week highs. The bearishness was induced by a combination of factors. A […]
Gold (XAU/USD) has climbed higher on Monday despite the insufficient volatility in the market as a result of the U.K. bank holiday. Some bearish comments came from the Fed today after Bostic said that economic recovery is happening but at a slow pace. Also, Fed’s Clarida shed more light on the Fed’s stance noting that […]
Gold (XAU/USD) etched lower through the early European session on Monday and has recorded a new daily low at $1954. The yellow metal couldn’t hold on to its bullish momentum from Friday, which shot it to its previous high around the $1977 supply region. However, the upbeat risk appetite in the equities market was the […]
Gold (XAU/USD) remained in a depressed mood through the early European session and was last spotted trading around the $1939 support. The yellow metal failed to facilitate a strong-follow through momentum from yesterday’s impressive bounce from the $1900 area, two-week low and was met with fresh supply on Thursday. The supply influx was most likely […]
Gold (XAU/USD) crept lower through the early European session on Wednesday and recorded a fresh weekly low at $1913 in the last few hours. The yellow metal continued on its correction from the $1962 region and has remained depressed for the fourth consecutive session since the US dollar (DXY) picked-up strong demand last week. Yesterday’s […]
Gold (XAU/USD) continued in a depressed state through the trading session on Monday after it failed, once again, to hold on to its gains. The yellow metal recorded a daily high of $1962, but was immediately met with strong bearish pressure and was sent down as far as $1927. At press time, gold is trading […]
Gold (XAU/USD) climbed higher in the early European session and has formed a new top around the $1950 area. After a brief consolidation phase in the early Asian session on Monday, the yellow metal appears to have found decent traction following the emergence of some selling pressure around the US dollar (DXY). The prevailing political […]
Gold (XAU/USD) experienced another brutal beating in the early European session on Thursday as the commodity fell to a daily low of $1,926 courtesy of the fresh bull run in the US dollar (DXY). The greenback was met with strong demand across the board following the central bank’s announcement that they planned on scaling back […]
Gold (XAU/USD) has found decent support around the $1,985-80 region in the early trading hours on Wednesday as it strives to regain dominance above the $2,000 resistance. Meanwhile, bulls remain unsettled over the upcoming minutes of the US Federal Reserve’s latest policy meeting, which could influence serious volatility in the market in the near-term. In […]
