Gold (XAU/USD) climbed to fresh multi-year highs in the last few hours, with bulls aspiring to close-in on the $1,800/oz price mark. Following a modest consolidation in the Asian session on Wednesday, the yellow metal picked up fresh bullish steam and added to the overnight break above the previous one-week-old consolidation range. Not surprisingly, worries over […]
Gold (XAU/USD) continues on its range-bound move in the early European session and remains within the confines of the $1,775-70 level. Worries over the growing number of new Coronavirus cases and fading optimism of a sharp V-shaped global economic recovery continue to extend support for the yellow metal’s safe-haven appeal. Gold gained further backing from […]
Gold remains range-bound around the $1,770 level for the better part of the European session and even now as we approach the close of the session. Meanwhile, strategists at TD Securities have opined that the yellow metal will likely surpass the $1,800 mark as inflation-hedge assets gain popularity. According to the strategists, gold is on […]
Gold (XAU/USD) resumed its struggle to capitalize on its recent bullish momentum for further gains and was last spotted trading around the $1,770 pivot region. The rapidly increasing number of new cases globally has illustrated that the fight against Covid-19 is far from over and a full economic recovery will take much longer than expected. Optimism […]
Gold (XAU/USD) remained in a consolidation range in the early European session and was last seen near the $1,765 resistance level. In a recent editorial by Forbes, contributor Naeem Aslam mapped-out five key factors that are likely to underpin a bullish price action for gold in the coming days. The key factors include: A second […]
Gold (XAU/USD) traded on a positive note in the early European session and was last spotted trading a few points below the $1,765 resistance. Gold suffered a slight intraday dip to the $1,753 support level before it attracted some dip-buying which has helped it erase all the previous day’s losses. The yellow metal suffered this […]
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 […]
