Gold (XAU/USD) continues to trade near its monthly highs around $1933 as speculations over a fresh round of stimulus measures in the US weighs heavily on the greenback. The precious metal fought against the odds and extended its recovery from its monthly low around $1873 despite several risk-boosting events. Analysts have proposed that gold’s decline […]
Gold (XAU/USD) has refreshed its daily highs around $1898 and is currently trading at $1891 (+0.5%) in the early European session. The precious metal regained bullishness following reports that US President Donald Trump was willing to give aid to airlines and small businesses. However, charters concerning the European Union’s steel tariff on several Asian countries […]
Anyone new to trading Stocks, Metals, Forex, or Cryptos will quickly stumble upon a flurry of mentions of bulls and bears and their grammatical derivatives. Trading commentators might suddenly proclaim a market is bullish or be warned, momentum has turned bearish. There’s even tell of investors with bullish or bearish sentiments. But what exactly does […]
Gold (XAU/USD) etched lower through the Asian session on Monday and renewed its daily lows around $1887. However, it is beginning to show some bullish strength in the early European session. The yellow metal extended its decline from Friday’s eight-day high around $1917. The decline was sparked by the risk-on sentiment across markets, which tends […]
Gold (XAU/USD) etched lower through the early European session on Wednesday and was last spotted trading at the $1885 region. The yellow metal was met with a fresh supply near the $1900 hurdle on Wednesday, which stalled this week’s bullish bounce from the $1849 support. The pullback represented the first bearish move in the past […]
Following a relatively steady opening in the early Asian session this week, Gold (XAU/USD) is starting to see fresh selling signs as bears strive to retest the two-month low at $1849. Spot gold ended last week with a fresh August low causing panic for bulls, who have now been intensely weakened. The precious metal is […]
Gold (XAU/USD) continued to etch lower through the early European session on Wednesday and has just recorded a fresh six-week low around $1873 in the past few hours. Worries over a second wave of the deadly Coronavirus disease continued to bolster the US dollar’s (DXY) demand as the global reserve currency. This, consequently, was one […]
Gold (XAU/USD) appears to be trading under a depressing sentiment on Monday, following the scanty reaction to the Federal Reserve interest rate decision. Meanwhile, fresh statements from Fed officials later today might keep the yellow metal afloat as the apex bank has vowed to “increase its holdings of Treasury securities and agency mortgage-backed securities at […]
Gold (XAU/USD) etched lower through the early European session on Thursday and was last spotted trading under the $1947 resistance. Traders appeared to be disappointed with yesterday’s Federal Reserve policy statement, which showed that the bank remained committed to keeping interest rates lower for longer to help bolster inflation. With the absence of any quantitative […]
