Gold (XAU/USD) has capitalized on its recent bounce and has now recorded new multi-year highs around the $1,827 resistance in the early European session on Tuesday. The safe-haven appeal for the yellow metal was greatly supported by the European Union leaders’ agreement to an impressive €750 billion stimulus package coupled with the prospects for additional […]
Gold (XAU/USD) opened the week without any strong directional bias, although it appears to have steadied above the $1,810 resistance in the early European session. A decent rise in the US dollar demand placed some pressure on the dollar-denominated commodity in the early trading session on Monday. However, several other factors prevented gold from dropping […]
Gold (XAU/USD) climbed higher through the early European session to the $1,800 line, erasing a good portion of yesterday’s loss. Worries over the exponentially-increasing Coronavirus cases globally and deteriorating US-China relations continue to lend support to the safe-haven appeal of gold. This coupled with the recent weakness in the US dollar provided additional support for […]
Gold (XAU/USD) dropped further through the early European session and has recorded new daily lows around the $1,803 line in the last hour. The yellow metal failed to fully utilize this week’s impressive bounce from the $1,790 support level instead got caught with fresh supply on Thursday. The latest development surrounding a new Covid-19 vaccine […]
Market sentiments are starting to swing further into the risk-on territory as the news of a successful vaccine and expectations of additional stimulus for economies across the globe set in. The European session on Wednesday has shown positive momentum for gold, with the Asian equities market climbing higher after it was announced that Moderna’s Coronavirus […]
Gold (XAU/USD) struggled to take advantage of the early North America session modest uptick and was confronted with fresh supply around the $1,805 level. This came as investors sought to cart their profits away after gold broke multi-year highs last week. This retrace sent the yellow metal down to the $1,790 mark, where it attracted […]
Gold (XAU/USD) remained in a depressed mood through the early Asian session and into the early European session as it fought to retain dominance above the $1,800 mark. The yellow metal fell from yesterday’s high of $1,813 following a goodish bounce in the US dollar. The US equities market took on a risk-off mood after […]
Gold (XAU/USD) opened the week on a steady footing above the $1,800 mark and was last seen trading near the $1,810 resistance. The yellow metal received some fresh buy bids on the first day of the week after a mild 2-day losing streak from its multi-year tops. The bullish support came from a combination of […]
Gold (XAU/USD) has reversed from its recent dip to the $1,796 region and is now trading well above the $1,800 mark. The yellow metal saw a modest pullback yesterday after reaching its highest point since September 2011. The pullback was largely caused by fresh demand for the US dollar, which tends to impair the dollar-denominated […]
