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 […]
Gold (XAU/USD) jumped to a fresh all-time high, around the $1,984 level in the early European session, before retreating lower. Following yesterday’s profit-taking-triggered slide to the $1,940 area, the yellow metal was quick to bounce back and is set to end the week in a grand style. The bull run marked the tenth consecutive bullish […]
Gold (XAU/USD) appears to have entered a consolidation phase and was last spotted ranging above the $1,950 mark in the early European session. It seems likely that investors have moved to the sidelines (neither bullish nor bearish) in anticipation of the highly influential FOMC decisions set for later today. Many analysts expect the Fed to […]
The Nasdaq 100 (NDX) made significant gains yesterday amid the fresh optimism over an additional stimulus package following Monday’s statements by Treasury Secretary Steven Mnuchin that lawmakers are close to agreeing on a $1 trillion stimulus deal. It is believed that the proposal will include another round of $1,200 checks. Meanwhile, the Nasdaq Composite (NASDAQ […]
Gold (XAU/USD) continued on its bullish momentum through the late North American session, although we saw a slight pullback from the new all-time high set earlier today. One of the major factors precipitating this strong bullishness in gold includes the Federal Reserve’s decision to continue printing currency, rather inconspicuously, which of course depletes demand for […]
Gold (XAU/USD) continued on a strong bullish trend through the early European session and was last spotted trading close to its new all-time high. Growing worries over the deteriorating US-China relations drove investors to seek refuge in traditional safe-haven assets. This, consequently, caused gold to maintain its bullish momentum through Monday, making it the seventh […]
Gold (XAU/USD) climbed higher for the fifth consecutive trading session and snapped fresh multi-year highs, around the $1,880-82 region in the early European session. This surge was precipitated by a modest dip to the $1,863 level, where it was met with heavy dip-buying coupled with a combination of other favorable factors. Majorly, the growing worries […]
Gold (XAU/USD) appears to have entered a consolidation phase around the $1,850 region after yesterday’s unprecedented bullish performance. The yellow metal effectively capitalized on its recent bullish momentum and continued on its gaining spree for the fourth consecutive trading session. The strong move to its 9-year high point was supported by worries that the second […]
