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Here are the Factors Underpinning a Bullish Bias for Gold

Gold (XAU/USD) remained in a consolidation range in the early European session and was last seen near the $1,765 resistance level. In a recent editorial by Forbes, contributor Naeem Aslam mapped-out five key factors that are likely to underpin a bullish price action for gold in the coming days. The key factors include: A second […]

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Gold Clings to Gains Below $1,770 Amid Lighter Risk Tone

Gold (XAU/USD) traded on a positive note in the early European session and was last spotted trading a few points below the $1,765 resistance. Gold suffered a slight intraday dip to the $1,753 support level before it attracted some dip-buying which has helped it erase all the previous day’s losses. The yellow metal suffered this […]

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Gold Etches Closer to Its Highest Point Since 2012

Gold (XAU/USD) traded with a positive undertone through the early European session and was last spotted trading near multi-year highs at the $1,778 level. Although recent reports have given more credence to the possibility of a sharp V-shaped global economy recovery, investors remain apprehensive considering the rising number of Coronavirus cases globally. This coupled with […]

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Gold Shows Strong Technical Projection for Further Gains

Gold (XAU/USD) experienced a slight dip to the $1,742 level in the mid-European session today before jumping to fresh monthly highs just a few hours ago. This bull rally was primarily as a result of Friday’s break above the $1,730 pivot/supply level. This price boost is further underpinned by the bullish bias of technical indicators […]

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Gold Remains Bullish in the Wake of Growing Global Crisis

Gold (XAU/USD) gained significant bullish strength over the weekend and has peaked at $1,758 in the early European session on Monday on the back of a report by WHO which noted that there has been a record-breaking increase in new Covid-19 cases globally. This prompted investors to seek cover in safe-haven assets like gold. However, […]

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Gold Remains in a Consolidation Range Despite Bolstering Factors

Gold (XAU/USD) has steadied on its intraday positive momentum through the early European session and was last spotted trading around the $1,730 pivot. The yellow metal has caught some fresh buy bids after it bounced off ascending trend-line support. This rise was largely supported by the renewed Coronavirus jitters. Investors are worried over how a […]

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Gold Price Action Torn Between Varying Market Sentiments

Gold (XAU/USD) traded on a mildly negative note through the early European session, although it remained well in a consolation range. The upbeat market sentiment appears to be a factor in keeping the yellow metal under pressure. However, a weaker US dollar, coupled with fears over a second wave of the virus, and growing geopolitical […]

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