Gold (XAU/USD) traded on a bullish sentiment through the mid-European session on Monday, as investors rode on the massive gains in the silver (XAG/USD) market. However, gold remained confined within last week’s highs amid a goodish bounce in the US dollar, which tends to undermine demand for the dollar-denominated commodity. Gold remained range-bound for the […]
Gold (XAU/USD) maintained its bearish tone through the early European session on Wednesday and was last spotted trading around the $1845 area. The bearish momentum was solely sponsored by a goodish uptick in the US dollar, which tends to undermine demand for the dollar-denominated commodity. The greenback saw a fresh influx of demand amid doubts […]
Gold (XAU/USD) traded on a slightly bearish tone in the early European session on Monday and was last spotted trading around the $1850 area. The yellow metal failed to capitalize on the previous session’s rebound from the $1832 level but instead resumed a bearish decline in the new week. The drop got sponsored by an […]
Gold (XAU/USD) etched higher in the early European session on Wednesday, reaching a four-day high of around $1857 over the past few hours. The uptick appears to have been triggered by its recent foray into the $1800 support. The US dollar continued on its descent, which tends to favor the dollar-denominated commodity. Meanwhile, it appears […]
Gold (XAU/USD) remains under heavy selling pressure, as it records a second consecutive weekly decline amid a healthy rebound in the US dollar (DXY), which tends to undermine demand for the yellow metal. The greenback’s recovery was sponsored by the recently proposed $1.9 trillion stimulus measure by President-elect Joe Biden and an impressive rally in […]
Despite the decline in US yields, the US dollar still appreciated. That was enough for gold to drop 0.45% to $1,845.00 an ounce. Traders are also nervous: today, gold fell another 0.40% to $1,838.00 an ounce. The new US administration, led by President-elect Joe Biden, is expected to unveil a massive Covid-19 relief package worth […]
Gold (XAU/USD) traded on a directionless bias through the early European session, as it remained range-bound. The yellow metal was last spotted trading around the $1855 level. The prevailing drawdown in the US Treasury bond yields kept the pressure on the US dollar (DXY), which extended support to the dollar-denominated commodity. The US bond yields […]
Gold (XAU/USD) traded with on a bullish momentum in the early European session on Monday, as it rebounded by over $35 from a low level not seen since early December last year. The intraday rebound was triggered by the risk-averse mood sweeping across markets, which tends to bolster demand for the precious metal. Growing concerns […]
Gold (XAU/USD) traded on a sideways pattern in the early European session on Tuesday, as the commodity struggled to capitalize on its bullish momentum from the previous two sessions. It appears that the market has begun pricing in the possibility of a Democratic win in the crucial US Senate runoff elections in Georgia. The final […]
