Gold (XAU/USD) has climbed higher for the third consecutive day and was last recorded trading below the $1,722 resistance. The USD has suffered further losses, especially during the Asian session on Wednesday, and has reached a new 3-months low. This is one of the major factors supporting the rise in the price of gold. This […]
Gold (XAU/USD) is showing strong rebound strength from today’s low of $1,692 and is attempting to scale the $1,710 resistance hurdle while investors are scurrying for safety as the growing Australia and China tensions take center focus. At press time, Spot Gold is trading at $1,708, up 0.6% in the European trading session. Gold has […]
Gold (XAU/USD) has inched higher at the close of the European session on Monday, recovering from a sharp drop after a surprising US employment data. At press time, Spot Gold is trading at $1,699 about 1.7% up from last week’s 3% drop. This drop was the sharpest one-day drop in 9 weeks and it came […]
Gold (XAU/USD) climbed higher in the early European session and is currently trading at the strong $1,700-$1,695 pivot level. The yellow metal has gotten some bullish support from the $1,670 region and is moving back to retest the 50-day moving average resistance. This uptick lacks any fundamental backing and is believed to be mainly as […]
