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 […]
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 […]
