Gold (XAU/USD) has refreshed its daily highs around $1898 and is currently trading at $1891 (+0.5%) in the early European session. The precious metal regained bullishness following reports that US President Donald Trump was willing to give aid to airlines and small businesses. However, charters concerning the European Union’s steel tariff on several Asian countries […]
Gold (XAU/USD) etched lower through the Asian session on Monday and renewed its daily lows around $1887. However, it is beginning to show some bullish strength in the early European session. The yellow metal extended its decline from Friday’s eight-day high around $1917. The decline was sparked by the risk-on sentiment across markets, which tends […]
Gold (XAU/USD) etched lower through the early European session on Wednesday and was last spotted trading at the $1885 region. The yellow metal was met with a fresh supply near the $1900 hurdle on Wednesday, which stalled this week’s bullish bounce from the $1849 support. The pullback represented the first bearish move in the past […]
Following a relatively steady opening in the early Asian session this week, Gold (XAU/USD) is starting to see fresh selling signs as bears strive to retest the two-month low at $1849. Spot gold ended last week with a fresh August low causing panic for bulls, who have now been intensely weakened. The precious metal is […]
Gold (XAU/USD) continued to etch lower through the early European session on Wednesday and has just recorded a fresh six-week low around $1873 in the past few hours. Worries over a second wave of the deadly Coronavirus disease continued to bolster the US dollar’s (DXY) demand as the global reserve currency. This, consequently, was one […]
Gold (XAU/USD) appears to be trading under a depressing sentiment on Monday, following the scanty reaction to the Federal Reserve interest rate decision. Meanwhile, fresh statements from Fed officials later today might keep the yellow metal afloat as the apex bank has vowed to “increase its holdings of Treasury securities and agency mortgage-backed securities at […]
Gold (XAU/USD) etched lower through the early European session on Thursday and was last spotted trading under the $1947 resistance. Traders appeared to be disappointed with yesterday’s Federal Reserve policy statement, which showed that the bank remained committed to keeping interest rates lower for longer to help bolster inflation. With the absence of any quantitative […]
Gold (XAU/USD) climbed higher through the early European session on Wednesday and was last spotted trading within the $1960 pivot zone. The yellow metal appears to be regaining its bullish momentum as it etched closer to its two-week high yesterday. The growing weakness surrounding the US dollar (DXY) was seen as the major factor bolstering […]
Gold (XAU/USD) is trading on positive sentiment as we head into the Federal Reserve’s meeting scheduled to begin tomorrow. The uptick appears to be preparing the commodity for a breakout above its recent consolidation range. A dovish stance by FOMC officials in the two-day meeting will likely re-establish a bullish sentiment for the yellow metal. […]
