Prices continue to trade near daily lows despite dismal US data as traders remain focused on fEd rate outlook. Eyes key fib support The metal is trading within a touching distance from USD 1120.60/Oz, which is the 61.8% of Jul low to Oct high move...
Gold prices were slightly higher on Tuesday after hitting four-week lows on Monday which deepened a bearish sentiment towards the metal...
The performance of gold prices will hinge on the next move by the Federal Reserve, suggested BofA Merrill Lynch Global Research. Key Quotes “Our US economics team highlights that recent monetary easing in Europe and China has made a first rate hike by the Fed more likely this year”...
Gold prices extended the drop to hit a fresh session low of USD 1134.15/Oz amid rising treasury yields ahead of the US manufacturing data. Drops to 50% Fib level The metal fell to USD 1134.15, which is the 50% fib retracement of the move from the July low to Oct high...
Gold futures prices are modestly lower in early U.S. trading Monday and have touched a four-week low overnight. Higher chances of a U.S. Federal Reserve interest rate hike in December are bearish for the precious metals...
XAG/USD: ranging on bullish reversal. This pair is on ranging market condition within 16.18 resistance level and 13.96 support level. The 'reversal' 16...
UBS considers weakness in gold to be a buying opportunity, as the metal has declined since the Federal Open Market Committee signaled Wednesday a rate hike is still possible in December...
Gold prices dropped steeply on Thursday, after the U.S. Federal Open Market Committee signaled hiking interest rates is possible at its December meeting...
XAU/USD: waiting for breakout with bullish reversal. The pair is ranging within 1191.48 resistance level and 1077.19 support level. The 'reversal' 1191...
Gold prices were slightly higher early on Wednesday as traders and investors were extra cautious ahead of a statement from the Federal Reserve’s Open Market Committee due later in the global day...
On Tuesday U.S. stocks opened slightly lower as market players digested falling crude oil prices, weak economic data and mixed earnings results...
Analysts with Barclays reiterated they still look for gold to average $1,170 an ounce in the fourth quarter and $1,215 next year...
According to the Chinese Gold & Silver Exchange Society, demand for gold in mainland China may soon touch or even exceed records after financial-market rout and the yuan devaluation bolstered the metal's attractiveness...
The yellow metal’s rebound over the past few months has been slippery at times, with the most recent obstacle a stronger U.S. dollar, UBS says. However, the bank has noticed some encouraging aspects about gold's recovery...
As markets are still guessing when the Federal Reserve will begin hiking borrowing costs, one analyst says it is important to concentrate upon the central bank's policy decisions to figure out the precious metal's direction in general and gold in particular...
Weekly price is on bearish ranging within 1191.48 key resistance and 1077.19 key support levels: symmetric pattern was formed by price to be broken for direction; nearest support levels to be broken are 1098.68 and 1077.19; nearest resistance levels are 1191.48 (W1) and 1285.57 (W1). Resistance...
Weekly price is on bearish market condition with below of 100-period SMA and 200-period SMA with the ranging between 17.75 resistance level and 13.96 support level: the price is bouncing off 16.18 resistance for the 13.96 support as the next bearish target; nearest support levels are 14.26 and 13...
On Thursday copper futures edged higher, one day after falling to a two-week low on the back of lingering concerns over future demand growth from top raw materials consumer China...
The price is located below Ichimoku cloud for the primary bearish market condition with the secondary ranging within the following key support/resistance levels: 23.06 resistance located below Ichimoku cloud on the border between the primary bearish and the primary bullish on the chart...
