Gold (XAU/USD) experienced a slight dip to the $1,742 level in the mid-European session today before jumping to fresh monthly highs just a few hours ago. This bull rally was primarily as a result of Friday’s break above the $1,730 pivot/supply level. This price boost is further underpinned by the bullish bias of technical indicators […]
Gold (XAU/USD) gained significant bullish strength over the weekend and has peaked at $1,758 in the early European session on Monday on the back of a report by WHO which noted that there has been a record-breaking increase in new Covid-19 cases globally. This prompted investors to seek cover in safe-haven assets like gold. However, […]
Khauta (XAU/USD) e ntse e tsitsitse molemong oa eona oa letsatsi le letsatsi nakong ea seboka sa pele sa Europe mme e qetetse ho bonoa e rekisoa ho pota $1,730 pivot. Tšepe e mosehla e se e fumane litefiso tse ncha tsa ho reka ka mor'a hore e theohe ho tloha ho theho e ntseng e nyoloha. Keketseho ena e tšehelitsoe haholo ke li-jitters tse nchafalitsoeng tsa Coronavirus. Batseteli ba tšoenyehile ka hore na […]
Gold (XAU/USD) remains in a consolidation range around $1,724-30 as we head into the early hours of the European session. The yellow metal has recovered well from an intraday low on the back of fresh US-China tensions. Apart from the US-China disagreements, fears over a second wave of the Covid-19 outbreak are heavily influencing the […]
Gold (XAU/USD) traded on a mildly negative note through the early European session, although it remained well in a consolation range. The upbeat market sentiment appears to be a factor in keeping the yellow metal under pressure. However, a weaker US dollar, coupled with fears over a second wave of the virus, and growing geopolitical […]
Gold (XAU/USD) has staged a strong recovery from yesterday’s near-$1,700 leg-down and is now faced with the $1,735 resistance. At press time, the yellow metal is trading around the $1,731 level, marking a 0.35% gain early in the European session. The dollar index fell by about 0.5% yesterday, giving gold more steam to recover major […]
Gold (XAU/USD) prices bottomed out at $1,704 in the mid-day session in Europe before bouncing back up above $1,720. This decline was largely fueled by the sideways action of major currency pairs, with low volatility. The US equities market opened sharply lower, however, it quickly rebounded and erased those losses. This rebound in equities prices […]
Khauta (XAU/USD) e theohile sebokeng sa pele sa Europe ka Mantaha 'me hajoale e le letšoao la theko ea $ 1,713. Ho theoha hona ho bakiloe ke boiteko bo hlolehileng ba beke e fetileng ba ho senya khanyetso ea $ 1,745 e hlahisitseng phepelo e ncha bakeng sa thepa e e romellang matsatsing a mangata. Ho theoha ha khauta ho ne ho bonahala ho sa angoe ke […]
Gold (XAU/USD) continues fairly bullish into the end of the trading week on Friday following recent market sentiment development. Although the price witnessed a slight retrace in the early hours of the Asian session today, a full reversal seems unlikely considering the absence of any major catalyst. Meanwhile, China has made progress with its clinical […]
