Gold (XAU/USD) crept lower through the early European session on Wednesday and recorded a fresh weekly low at $1913 in the last few hours. The yellow metal continued on its correction from the $1962 region and has remained depressed for the fourth consecutive session since the US dollar (DXY) picked-up strong demand last week. Yesterday’s […]
Gold (XAU/USD) continued in a depressed state through the trading session on Monday after it failed, once again, to hold on to its gains. The yellow metal recorded a daily high of $1962, but was immediately met with strong bearish pressure and was sent down as far as $1927. At press time, gold is trading […]
Gold (XAU/USD) climbed higher in the early European session and has formed a new top around the $1950 area. After a brief consolidation phase in the early Asian session on Monday, the yellow metal appears to have found decent traction following the emergence of some selling pressure around the US dollar (DXY). The prevailing political […]
Gold (XAU/USD) experienced another brutal beating in the early European session on Thursday as the commodity fell to a daily low of $1,926 courtesy of the fresh bull run in the US dollar (DXY). The greenback was met with strong demand across the board following the central bank’s announcement that they planned on scaling back […]
Gold (XAU/USD) has found decent support around the $1,985-80 region in the early trading hours on Wednesday as it strives to regain dominance above the $2,000 resistance. Meanwhile, bulls remain unsettled over the upcoming minutes of the US Federal Reserve’s latest policy meeting, which could influence serious volatility in the market in the near-term. In […]
The US dollar (DXY) experienced a sharp decline in the early North American session which boosted gold (XAU/USD) prices to the $1,991 level. The yellow metal grew by about $50 from its daily low, recording a daily high of $1,991 (its highest point since August 11) before retreating to $1,980 where it currently is. Gold […]
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 […]
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 […]
