Many have become befuddled by the recent consolidating (and even depressed) state of Gold and Bitcoin. In a time shrouded by economic uncertainty, shouldn’t safe-haven assets be more preferred by investors? This is the question on the lips of many including a UK research team (CryptoMarketRisk project team) who have indicated that there is significant […]
The price of Gold (XAU/USD) fell in the Monday trading session as the economic life in Europe seems to be getting friendlier for risky assets, thereby diminishing demand for safe-haven assets. At 13:45 GMT, the gold spot dropped by about 0.6% reaching a low of $1,721/oz. With the European equity market picking up buoyancy and […]
Gold (XAU/USD) dipped in the early Asia trading session on Monday as growing US-China tensions continue to influence demand on the safe-haven asset. Gold futures shed about 0.47% reaching a low of $1,724 just a few hours ago. The precious metal failed to hold on to its gains from last week’s session. Stocks, which are […]
Gold (XAU/USD) is currently recovering from yesterday’s 1.46% dip, right after a ‘consolidating stint’ in Asia. This fresh recovery is largely stimulated by the reaction of European traders’ towards the escalation in the US-China tensions, with Beijing taking ‘forceful measures’ in Hong Kong per the National Security Bill. The increasing concerns caused a fresh wave […]
XAUUSD Price Analysis – May 20 Gold continues to capitalize on its modest gains higher, moving towards the latest high around the $1750 price level, but the precious metal has been capped by the upbeat market mood and recent greenback upturn. A solid rally in the US equity futures also kept a lid on any […]
XAUUSD Price Analysis – May 13 The gold price appears to be holding on in the region of $1,700 while staying locked within a range of between $1,702.46 and $1,706.66 thresholds into open European deficient in upside traction. The mood of risk is relatively healthy, but as the week evolves, there seems to be a little […]
After launching support for Tether gold last week, Alex Mashinsky announced Celsius plans to list more tokenized commodities. Alex Mashinsky, chief executive of pioneering decentralized finance, or DeFi, platform Celsius, and inventor of the voice-over-internet protocol, or VOIP, addressed the platform ‘s recent implementation of support for Tether Gold or XAU recently in the news. […]
XAUUSD Price Analysis – May 6 Gold keeps breaking the level of $1,700 for 3 days in a row, marking a decline of 0.27 percent on the day, having achieved a $1,708 high earlier this morning. All that being said, the precious metal also is shifting between the triangle formation and trendline of three weeks. Thus […]
XAUUSD Price Analysis – April 29 During the late European session, Gold edged down into the American session and refreshed daily lows as overriding risk-on mood weighs on XAUUSD, but managed to stay just above the round-figure mark of $1,703.00. This emerges amid a significant upturn in crude oil prices, which rather bolstered the optimism […]
