Gold News

Gold News

Gold Comes Under Immense Bearish Pressure as Market Mood Stays Positive

Gold (XAU/USD) climbed modestly in the early European session and was last spotted trading at $1812. The yellow metal found strong support at the $1800 psychological line yesterday, which appears to be stalling any further decline for the commodity. Meanwhile, sustained weakness surrounding the US dollar (DXY) has also extended some support to the dollar-denominated […]

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Gold Price Analysis — November 23

Gold (XAU/USD) traded on a directionless bias through the early trading hours on Monday and was last spotted trading close to the $1870 level. The yellow metal has managed to stall any further declines despite its apparent bearish undertone thanks to the strong selling bias surrounding the US dollar. The greenback came under heavy selling […]

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Gold Price Analysis — November 18

Gold (XAU/USD) failed to make use of its intraday bounce to the $1885 area and is now struggling to remain above the $1870 level in the European session. The prevailing market worries about the economic fallout due to the implementation of renewed COVID-19 restrictions in several states across the US has left the US dollar […]

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Gold Comes Under Renewed Pressure Following Fresh Moderna Vaccine Update

Gold (XAU/USD) traded on a positive note though the early European session and renewed its daily high above $1900. However, just a few minutes ago, it got reported that Moderna’s (NASDAQ: MRNA) COVID-19 vaccine candidate has yielded a 94.5% effectivity in preventing the Coronavirus disease, which caused the safe-haven asset to plunge dramatically. Meanwhile, before […]

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Gold Price Analysis — November 11

Gold (XAU/USD) has erased most of its gains from Monday’s trading session and was last spotted hovering above the $1876 support. It appears that the yellow metal has found mild demand at the $1876 support and is being supported by a combination of factors. The frenzied market reaction to the positive development surrounding a COVID-19 […]

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Gold Price Analysis — November 9

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 […]

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Gold to Enter Consolidation Following Unexpected Poll Developments

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 […]

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US Elections: Gold Gains Modest Bullish Momentum as Markets Brace for Tomorrow’s Main Event

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 […]

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Gold Price Analysis — October 28

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 […]

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A Quick Guide on How to Invest in Gold in 2021

When it is about investing in Bullion markets, there are primarily three ways about how to invest in gold. The investors can choose from one of the below: – Purchase the metal itself– Invest in shares of ETF [Exchange-traded fund] that replicates the gold price– Trade future and options in the commodity market – mostly […]

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Author : Michael Fasogbon

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Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.