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 […]
Gold (XAU/USD) took advantage of its recent uptick to record a new one-week high in the early Asian session today. The yellow metal opened the week on a positive (bullish) note and is supported by a collection of factors. The USD suffered a sharp drop due to the pressure coming from widespread protests across the […]
The price of Gold (XAU/USD) remains steady above the $1,730-35 levels with an intraday high of $1,744.69 in the Asian session. The bullion is benefiting from the current risk-off sentiment by investors as tension escalates between the United States and China. The yellow metal is also benefiting from the increasing protests across the US. Despite […]
XAGUSD Price Analysis – June 1 Silver hits the highest ever since the end of February whilst pushing offers past the $18.20 level, hitting an intraday high of $18.38 level, up 1.85 percent in 24 hours, during Monday’s European session. In the aftermath of US-China trade war relief and escalating U.S. protests, the continuation of […]
Gold has maintained a positive trajectory for a few days now courtesy of the growing US-Sino tensions. Just yesterday, the Chinese parliament approved security laws for Hong Kong which many believe will only make the already strained ties worse. This issue caused investors’ appetite for riskier assets to diminish which was evident from the watered-down […]
Gold (XAU/USD) dropped below the $1,700 level on Wednesday before rallying back above that level as the US-China tensions escalated even further after remarks from Washington on Hong Kong’s autonomy. This was the first time since the beginning of the month that Gold fell below that level as investors fled from safe-haven assets to other […]
Gold was brutally pummeled in the early hours of the Asian trading session as the US-China tensions continue to escalate. More protests are being planned in Hong Kong on Wednesday as the country’s Legislative Council discusses a national anthem bill. The legislative session was shrouded by immense riot police presence and about 15 people have […]
