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 […]
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 […]
