Gold (XAU/USD) prices saw a healthy surge in the early North American session today but failed to continue on that path and retraced, erasing all of its daily gains. At press time, gold is trading at $2,022, after recording a daily high of $2,049. Much like the US dollar, the yellow metal appears to not […]
Gold (XAU/USD) has recovered from its daily low of $2,019 and is now trading around the $2,030 level. The bullish sentiment around the yellow metal remains in play as a fresh US-China squabble over Hong Kong arises. A recent Bloomberg post reports that China is ready to impose sanctions on US officials in a retaliatory […]
Gold (XAU/USD) traded into the early European session on Thursday and was last spotted trading around the $2,050 region, a few points below the $2,055 all-time set yesterday. Investors continue in their worry over the pandemic-induced economic crisis and the dwindling prospects of a sharp recovery. This has largely favored the yellow metal in securing […]
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 […]
