Gold (XAU/USD) dropped in the early European session on Monday and is currently at a $1,713 price mark. This drop was triggered by last week’s failed attempt to break above the $1,745 resistance which brought about fresh supply for the commodity sending it to multi-day lows. Gold’s drop appeared to be unaffected by the recent […]
Gold (XAU/USD) continues fairly bullish into the end of the trading week on Friday following recent market sentiment development. Although the price witnessed a slight retrace in the early hours of the Asian session today, a full reversal seems unlikely considering the absence of any major catalyst. Meanwhile, China has made progress with its clinical […]
Gold (XAU/USD) has shown stability above the $1,730 pivot level in the early European session as bears scramble to reclaim dominance amid resurgent US dollar demand. The yellow metal capped its 3-days bull run at the $1,740 resistance level in the early Asian session on Thursday while a risk-off market sentiment brews and is reinforcing […]
Gold (XAU/USD) has climbed higher for the third consecutive day and was last recorded trading below the $1,722 resistance. The USD has suffered further losses, especially during the Asian session on Wednesday, and has reached a new 3-months low. This is one of the major factors supporting the rise in the price of gold. This […]
Gold (XAU/USD) is showing strong rebound strength from today’s low of $1,692 and is attempting to scale the $1,710 resistance hurdle while investors are scurrying for safety as the growing Australia and China tensions take center focus. At press time, Spot Gold is trading at $1,708, up 0.6% in the European trading session. Gold has […]
Gold (XAU/USD) has inched higher at the close of the European session on Monday, recovering from a sharp drop after a surprising US employment data. At press time, Spot Gold is trading at $1,699 about 1.7% up from last week’s 3% drop. This drop was the sharpest one-day drop in 9 weeks and it came […]
Gold (XAU/USD) climbed higher in the early European session and is currently trading at the strong $1,700-$1,695 pivot level. The yellow metal has gotten some bullish support from the $1,670 region and is moving back to retest the 50-day moving average resistance. This uptick lacks any fundamental backing and is believed to be mainly as […]
Bloomberg seems to have joined the long list of entities on Bitcoin which are pretty bullish. The number one coin could be hitting $20,000 before the end of the year, as per a Bloomberg Crypto Outlook publication. One justification Bloomberg predicts that Bitcoin matures very amazingly. It contrasted the maturity rate of Bitcoin to that […]
Gold’s safe-haven appeal was renewed yesterday after the weekly US Jobless Claims persisted close to the two million levels, indicating that the economic consequences from the COVID-19 pandemic will not be alleviated easily. US gold for August delivery rose by 1.3% to record $1,724.40/oz on New York’s Comex following the Labor Department’s report that an […]
