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 […]
Gold (XAU/USD) climbed back above the $1,700 psychological line in the early hours of Thursday after suffering a sharp decline to four-week lows. The recovery comes on the heels of the worsening US-China ties. As a retaliation to the suspension of American carriers from re-entering China, the US government has placed a ban on Chinese […]
Gold (XAU/USD) underwent a sharp retrace into the red zone in yesterday’s European session, hitting $1,704 in the early trading hours of today. At press time, the Gold spot is trading at $1,724, a 1% drop from yesterday’s high. This retrace was largely stimulated by the recent risk-on rally in global equity markets. The growing […]
A strong reversal in today’s risk sentiment in the European session gave Gold futures a positive outlook as the markets appeared to be unaffected by the social unrest in the US and placed its focus instead on news that China will continue buying soybeans from the US. As noted by analysts, the only factor that […]
