Gold (XAU/USD) traded on a slightly bearish tone in the early European session on Monday, as it recorded a new three-day low over the past few hours. The precious metal was last spotted trading around the $1830 area at press time. Gold is trading lower for the second consecutive session today, after retreating from a […]
Gold (XAU/USD) traded higher on Wednesday for the second consecutive session as investors picked up on the positive sentiment induced by the recent passing of a US fiscal stimulus package. However, a follow-through bullish surge got impeded by the U.K.’s authorization of the Pfizer COVID-19 vaccine for public use. The recent weakness in the US […]
Gold (XAU / USD) gara n'ihu na-adaba na nnọkọ Europe nke mbụ na Monday na ihe a pụrụ iwere na ọ dara njọ na afọ anọ. Ọre ahịa na nso nso a kpalitere site na mmeghari nke agụụ ihe egwu nke ndị na-etinye ego n'ofe ahịa, ka atụmanya maka ọgwụ mgbochi COVID-19 na-atụgharị olileanya nke mgbake akụ na ụba ụwa. Ka ọ dị ugbu a, ọla edo ahụ […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
