Gold (XAU/USD) traded with a positive undertone through the early European session and was last spotted trading near multi-year highs at the $1,778 level. Although recent reports have given more credence to the possibility of a sharp V-shaped global economy recovery, investors remain apprehensive considering the rising number of Coronavirus cases globally. This coupled with […]
Gold (XAU/USD) has stabilized around the $1,757 level (for the time being) in the early European session on Tuesday. The yellow metal appears to have slowed down after it failed to break above the $1,765 resistance yesterday. White House Adviser Peter Navarro’s dovish statements on the Sino-American trade deal yesterday, set the market into a […]
Gold (XAU/USD) experienced a slight dip to the $1,742 level in the mid-European session today before jumping to fresh monthly highs just a few hours ago. This bull rally was primarily as a result of Friday’s break above the $1,730 pivot/supply level. This price boost is further underpinned by the bullish bias of technical indicators […]
Gold (XAU/USD) gained significant bullish strength over the weekend and has peaked at $1,758 in the early European session on Monday on the back of a report by WHO which noted that there has been a record-breaking increase in new Covid-19 cases globally. This prompted investors to seek cover in safe-haven assets like gold. However, […]
Gold (XAU/USD) has steadied on its intraday positive momentum through the early European session and was last spotted trading around the $1,730 pivot. The yellow metal has caught some fresh buy bids after it bounced off ascending trend-line support. This rise was largely supported by the renewed Coronavirus jitters. Investors are worried over how a […]
Gold (XAU/USD) remains in a consolidation range around $1,724-30 as we head into the early hours of the European session. The yellow metal has recovered well from an intraday low on the back of fresh US-China tensions. Apart from the US-China disagreements, fears over a second wave of the Covid-19 outbreak are heavily influencing the […]
Gold (XAU/USD) traded on a mildly negative note through the early European session, although it remained well in a consolation range. The upbeat market sentiment appears to be a factor in keeping the yellow metal under pressure. However, a weaker US dollar, coupled with fears over a second wave of the virus, and growing geopolitical […]
Gold (XAU/USD) has staged a strong recovery from yesterday’s near-$1,700 leg-down and is now faced with the $1,735 resistance. At press time, the yellow metal is trading around the $1,731 level, marking a 0.35% gain early in the European session. The dollar index fell by about 0.5% yesterday, giving gold more steam to recover major […]
Gold (XAU/USD) prices bottomed out at $1,704 in the mid-day session in Europe before bouncing back up above $1,720. This decline was largely fueled by the sideways action of major currency pairs, with low volatility. The US equities market opened sharply lower, however, it quickly rebounded and erased those losses. This rebound in equities prices […]
