Gold Recovers to Hourly 100-MA After US Data Moderate weakness in the US dollar following a dismal US retail sales release saw gold prices recovery to hourly 100-MA level of $1247.50. Trades above 50% Fibo Prices rose to $1248.89 before falling back to trade just above $1245.37 (50% of 1283-1207...
No Takers for Gold Amid Dollar and Equity Rally Risk-on rally in the equity markets and dollar strength is keeping investors away from Gold, owing to which prices fell to a low of $1240 ahead of the US data release...
Gold Under Pressure in Asia on Improved Risk Sentiment Gold extended its overnight retreat in the Asian session, and now consolidates near the lower band of today’s daily range as risk-on trades pick up pace. Gold moves-off fresh four-week tops Currently, gold trades 0.11% lower at 1252...
Gold Regains Poise, Hits Fresh 4-Week Highs Above $ 1260 Gold bulls regained control over the last hours and drove the prices to the highest levels since mid-March, as the US dollar ran through fresh offers and fell to fresh multi-month lows against its major rivals...
Gold Trades Comatose, While Treasury Yields Rise Gold prices are trading largely unchanged on the day around $1257 levels amid rising treasury yields and equally comatose dollar index. Retreats from three-week high The metal backed-off from the three-week high of $1260 set yesterday...
Gold Trims Gains as Stocks Rise Gold continued to surrender gains, now trading around $1247 levels as stock markets in Europe erased early gains to trade higher. Offered at $1254.32 Prices turned lower from a three-week high of $1254...
Content courtesy of Tallinex Limited https://www.tallinex.com GOLD (XAUUSD) Dominant bias: Bullish Gold is in an uptrend on the daily chart; whereas lower timeframes (such as 4-hour) confirm that there is bearish pressure on the market...
Gold Off-Weekly Highs, USD Gains on Less Dovish Yellen Gold extends its retreat from fresh one-week tops into early Europe, although remains poised to book the second straight weekly rise. Gold ticks lower as USD index strengthens Currently, gold trades -0.24% lower at 1235...
Global Central Banks Slowed Gold Purchases in February - WGC The latest data from the World Gold Council (WGC) showed that the global central banks, barring the Chinese and Russian, slowed their gold purchases in February...
Brexit Blues Taking its Toll on UK Pound - Rabobank Stefan Koopman, Market Economist at Rabobank, notes that the Pound sterling briefly fell to an almost two-year low of 0.81 against the euro. Key Quotes “Also on a tradeweighted basis, the currency hit levels last seen in November 2013...
Gold lost more than 1% as a surge in assets caused by Federal Reserve Chair Janet Yellen's dovish remarks implied higher risk, prodding some investors to capitalize on previous gains...
XAU/USD: Risks for Economic Growth in the USA Yesterday’s speech by the head of the US fed Janet Yellen obviously disappointed market participants, as it indicated that chances of the interest rate increase in the USA in April are low...
Gold Hits Fresh Monthly Lows on Rising Fed Hike Bets Gold futures on Comex reversed a brief relief rally and resumed the recent downward trajectory as the US dollar continued to remain on a firm footing in a quiet Asian session. Gold drops to test $ 1210 Currently, gold sinks -0.89% to 1212...
Gold Recovers Losses, but Hawkish Fed Speak Caps Gains Gold managed to recovery losses, but is having a hard time turning positive on the day as Fed’s Bullard joined “rate hike could happen sooner” bandwagon. Hovers around $1220/Oz Prices recovered from the one-month low of $1212...
Gold Drops Near $1220 Ahead Of Durable Goods Gold futures continued to turn lower Thursday morning as a stronger U.S. dollar hurt most commodities. Traders will be keeping an eye on a flurry of US economic data in hopes of clarity on whether the Federal Reserve will soon raise interest rates...
Gold Recovers From Fresh One-Month Low Set in Asia Gold prices clocked a fresh one-month low of $1214.73 in Asia before trimming losses to trade around $1219/Oz levels with investors eyeing key data releases in the US...
Gold drops below hourly 100-MA Gold prices failed to sustain above 10-DMA and fell below hourly 100-MA level of 1247.84 levels despite drop in the US treasury yields. Drops to $1240 Prices printed a session low of $1240/Oz in early Europe and now continue to trade around $1242 levels...
Gold Recovers from 5-DMA Support Gold found support at 5-DMA level of $1247.87, but remains weak on the day around $1252.45 levels amid minor recovery in the USD index and moderate gains in the US stocks. Is Gold unimpressed by dovish Fed...
Gold Jumps Near $1270 As Fed Turns Skittish Gold prices surged Thursday morning after yesterday's surprisingly dovish Federal Reserve statement. Nervous about the global economy, the Fed predicted two rate hikes in 2016 instead of four...
