Gold (XAU/USD) has recovered from an early dip to the $1,930 region, recording a $1,957 high in the early Asian session on Monday. However, it has failed to show any significant follow-through momentum. The yellow metal has also failed to take full advantage of last week’s impressive bounce from a three-week low ($1,862) and has […]
Gold (XAU/USD) appears to be stabilizing around the $1,930 area after an extremely-erratic period triggered by heavy profit-taking, which saw the commodity fall by more than $200 over a few days. Gold has since recovered by about $100 from that decline. At the moment, gold bulls have now gone into “hibernation” following a strong recovery […]
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Gold (XAU/USD) has grown by about $60 from yesterday’s low of $1,862 in the early European session today and was last seen trading around the $1,935 region. Yesterday’s low was gold’s lowest recorded point in three weeks. Meanwhile, the yellow metal appears to have snapped its three-day losing consecutive streak and stalled the recent drastic […]
Gold (XAU/USD) prices saw a healthy surge in the early North American session today but failed to continue on that path and retraced, erasing all of its daily gains. At press time, gold is trading at $2,022, after recording a daily high of $2,049. Much like the US dollar, the yellow metal appears to not […]
Gold (XAU/USD) has recovered from its daily low of $2,019 and is now trading around the $2,030 level. The bullish sentiment around the yellow metal remains in play as a fresh US-China squabble over Hong Kong arises. A recent Bloomberg post reports that China is ready to impose sanctions on US officials in a retaliatory […]
Gold (XAU/USD) traded into the early European session on Thursday and was last spotted trading around the $2,050 region, a few points below the $2,055 all-time set yesterday. Investors continue in their worry over the pandemic-induced economic crisis and the dwindling prospects of a sharp recovery. This has largely favored the yellow metal in securing […]
With dip-buying becoming the major trend behind gold’s (XAU/USD) price action for the past couple of days, bulls have pushed the price to a fresh record high around $2,044. The yellow metal found strong support at the $2,010 level in the early Asian session after a profit-taking round that caused a dip from the previous […]
Gold (XAU/USD) appears to have entered a consolidation phase after failing to sustain its break above the $1,983 resistance in the Asian session yesterday. The exacerbating Coronavirus crisis across the globe coupled with worries over the US fiscal deadlock bolstered demand for gold throughout last week, while the US dollar got displaced. Gold spot reached […]
