Gold
Gold
06
Nov

Gold Price Forecast: XAU/USD consolidates near $1,990 amid improved risk appetite

Gold price hovers around $1,990 per troy ounce during the Asian session on Monday, struggling to continue the winning streak. However, the bullion prices improved on expectations that the US Federal Reserve (Fed) may conclude its monetary policy tightening after the subdued employment data from the United States (US). However, Gold prices could experience downward pressure amidst […]

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04
Oct

Gold Futures: Downside could be losing momentum

Open interest in gold futures markets dropped by around 1.4K contracts after two consecutive daily builds on Tuesday, according to preliminary readings from CME Group. Volume, instead, remained erratic and increased by around 12.3K contracts following the previous daily drop. Gold faces a tough support around $1800 Gold prices remained in free fall on Tuesday amidst […]

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15
Aug

XAU/USD hangs near multi-week low, just above $1,900 mark

Gold price struggles to gain any meaningful traction during the Asian session on Tuesday and languishes near its lowest level since June 6 touched the previous day. The XAU/USD manages to hold above the $1,900 mark, at least for the time being, though the bias still seems tilted in favour of bearish traders and supports […]

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14
Aug

Gold price remains delicate amid higher US Dollar, bond yields

Gold price (XAU/USD) continues its bleak performance amid headwinds of a strong US Dollar and higher US Treasury bond yields. The precious metal remains under pressure as consumer and producer inflation grew modestly in July but failed to uplift chances of further policy tightening by the Federal Reserve (Fed). The 0.2% monthly increase in the […]

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07
Aug

Gold price retraces as mixed labor data report lose appeal ahead of inflation data

Gold price (XAU/USD) falls back after a short-lived pullback move as investors seem cautious ahead of the United States Consumer Price Index (CPI) data, which will be released on Thursday. The precious metal struggles to deliver a decisive move as the impact of a slowdown in firm hiring is offset by sticky wage growth and a lower Unemployment […]

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02
Aug

Gold price recovers further as investors prepare for labor market data

Gold price (XAU/USD) bounced back after gauging intermediate support near its three-week low around $1,940.00 on Wednesday. The precious metal discovers support as the impact of a decline in gold demand reported by the World Gold Council (WGC) fades and the United States Manufacturing PMI continues its contracting spell for the third quarter in a […]

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01
Aug

Gold Price Forecast: XAU/USD remains under pressure below $1,960, US ISM PMI eyed

The gold price loses momentum around $1,955 heading into the early European session. XAU/USD faces some follow-through selling as US-China tensions over access to technology escalate, and the US Dollar strengthens across the board. Meanwhile, the US Dollar Index (DXY), a measure of the value of the Greenback against a basket of six major currencies, gains momentum […]

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05
Jun

XAU/USD bears approach $1,930 support on upbeat US Dollar, firmer yields

Gold Price (XAU/USD) stays on the bear’s radar for the second consecutive day as the precious metal renews intraday low near $1,945, extending the post-NFP losses amid to early Monday amid firmer US Dollar and the Treasury bond yields. That said, the US Dollar Index (DXY) prints mild gains around 104.12 as it keeps the previous day’s recovery […]

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19
May

Gold Futures Decline Appears Contained

Open interest in gold futures markets shrank for the third session in a row on Wednesday, this time by around 104.K contracts according to preliminary readings from CME Group. Volume, instead, kept the erratic performance well in place and this time went up by more than 17K contracts. Gold meets support near $1950 Gold prices retreated […]

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10
May

CPI Data in The Spotlight Today

Futures based on indexes from the Old Continent point to slightly higher opening of today’s trading session in Europe. Markets are looking nervous ahead of the macro publications scheduled for today, which are likely to dictate how the future monetary policy of the major central banks will be created. The crypto market extends bearish trend […]

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