Gold (XAU/USD) traded on a sideways momentum in the early European session on Monday and was last spotted trading around the $1960 area. The US dollar (DXY) remained in a depressed tone following the official announcement of Joe Biden as the President-elect of the suspense-filled US Presidential election. A weaker USD was cited as one […]
Gold (XAU/USD) traded on a negative bias in the early European trading session on Wednesday, as the price barrels towards $1876 once again. A goodish bounce in the US dollar (DXY) was regarded as the major factor exerting pressure on the dollar-denominated commodity. Early election results from the US indicated that the race for the […]
Gold (XAU/USD) traded on a positive tone through the early European session on Monday and has renewed its daily highs around $1890 in the past few hours, although it lacked any follow-through strength. The yellow metal built on last week’s positive climb, as investors become wary and are hedging their bets against the outcome of […]
Gold (XAU/USD) continued on its consolidation bias in the early European session on Wednesday and was last spotted trading at a fresh daily low of $1893. The yellow metal experienced a renewed bearishness and erased the previous day’s gains, although it remained well within a four-day-old trading range. A healthy bounce in the US dollar […]
Gold (XAU/USD) traded lower in the early European session on Monday and has fallen to a new one-week low in the Asian session, although bears lacked any follow-through strength. The yellow metal continued on its decline from the $1933 supply zone and has traded on a depressing sentiment for its third consecutive session today. The […]
Gold (XAU/USD) traded on an upbeat momentum in the early European session and renewed its daily high around $1923, although it lacked any follow-through strength. The yellow metal has now traded on a bullish momentum for the third consecutive session on Wednesday. The current bearish bias surrounding the US dollar (DXY) was seen as the […]
Gold (XAU/USD) climbed higher in the early European session on Monday and was last spotted trading around the $1912 area. A weaker tone around the US dollar (DXY) was seen as the major bolstering factor for the dollar-denominated commodity today. This, coupled with the lingering political tension s in the united states, has extended additional […]
Gold (XAU/USD) has recovered by about $15 from yesterday’s low and has recorded a new daily high in the early European session, as bulls fight for $1900 again. The yellow metal found some dip-buyers at the $1882 area and appears to have stalled the steep retracement from its recent three-week high at $1933. A weakened […]
Gold (XAU/USD) continues to trade near its monthly highs around $1933 as speculations over a fresh round of stimulus measures in the US weighs heavily on the greenback. The precious metal fought against the odds and extended its recovery from its monthly low around $1873 despite several risk-boosting events. Analysts have proposed that gold’s decline […]
