After experiencing a five-day losing streak, the Gold Price is beginning to recover from its recent losses at a weekly low. The decline in price can be attributed to the strength of the US Dollar and ongoing concerns about China's economic situation. The positive United States data and discussions by the Federal Reserve have caused yields, as well as the US...
🌸Hello everyone, it's a pleasure to share and explore the market with you today. Currently, the gold market (August 24) has increased significantly compared to the previous session. Gold has now far outstripped a dangerous $1,900 price point after economic data from Europe showed a less positive purchasing managers index (PMI), prompting investors to ramp up their...
OANDA:XAUUSD The downward trend of the gold price (XAU/USD) continues as the US Dollar remains strong, driven by negative market sentiment and consistent job growth in the United States. The yellow metal is under pressure because it is expected that the Federal Reserve (Fed) will maintain higher interest rates for an extended period. The appeal of the US...
Gold did not move much yesterday as the US market was closed. However, gold still ended the day with a slightly bearish candlestick due to weak demand for gold. Gold is likely to continue trading in a tight range in the absence of the release of major US economic data at present. The price of gold could continue to fall and accumulate before there is news strong...
All levels are mentioned on the chart. Wait for the price to come near 1937. Only for learning and sharing purposes, not a bit of trading advice in any form. All the best.
OANDA:XAUUSD The price of gold (XAU/USD) is experiencing slight selling pressure as the Federal Reserve's preferred measure of inflation remains consistent in July. Previously, the value of gold was trading sideways following a surge caused by weak labor demand due to the worsening economic forecast. It is anticipated that the precious metal will remain...
This morning's gold price continued to increase by 16.7 USD compared to yesterday's closing level to 1,936.5 USD/ounce, the gold price reached its highest level in three weeks. The US Employment Turnover (JOLTS) report and consumer confidence index were much lower than expected, spurring fresh buying demand for the precious metal. Gold prices continue to...
XAUUSD Next Move is up side for short term only, with fib retracemnt levels
The price of gold is hovering around its highest level in three weeks, nearing $1,940, as investors await the release of important US ADP jobs data. Both the US Dollar and US Treasury bond yields are struggling due to disappointing numbers in the US JOLTS Job Openings report. In a positive move for gold, it has managed to regain its position above the key...
According to Kitco, the world gold price recorded at 5:00 am today in Vietnam time for spot at $1,937,225 per ounce. Converting the current exchange rate at Vietcombank, world gold is about 55,815 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 11,735 million VND/tael. Gold...
Gold price on the world market this afternoon, August 29, fluctuated slightly. The world spot gold price is around $1,922.9/ounce, up $3.10/ounce compared to this morning. December gold futures traded at $1,950.8 per ounce, up $2.8 from this morning. Forecasting the gold price trend, the latest weekly Gold Survey results of Kitco News show that most retail...
World gold price this morning tended to increase with spot gold increasing by 0.7 USD compared to last week's closing level to 1,915.5 USD/ounce. Last week, gold posted modest gains and ended a four-week losing streak. Gold remains resilient despite US Federal Reserve Chairman Jerome Powell signaling on Friday that the central bank will maintain its 2% inflation...
During the Asian session on Friday, gold prices faced challenges in maintaining their streak of success, hovering around $1,915 per troy ounce. The current focus is on the recovery of the precious metal after experiencing losses over the past four weeks. This anticipation stems from an upcoming speech by Jerome Powell, Chairman of the US Federal Reserve, at the...
Gold price remains well above key short-term support around $1,897, including one-week Fibonacci 38.2%. Also, setting a solid floor for XAU/USD is a convergence of the 5-DMA and the previous monthly low, around $1,905. It is worth noting that the one-day 161.8% and 61.8% one-week Fibonacci join S2 one day of the Pivot Point to add strength to the $1,905...
⚡️Gold continued to trade at a 5-month low after the minutes of the July monetary policy meeting of the US Federal Reserve (Fed) were released. The minutes showed that the majority of the bank's officials continued to prioritize fighting inflation, while only a few pointed to the risks to the economy by pushing interest rates too far. ⚡️Yields on 10-year US...
Gold price (XAU/USD) faces an intense sell-off as Federal Reserve (Fed) Chair Jerome Powell remains hawkish at the Jackson Hole Symposium. The precious metal dropped significantly as Jerome Powell kept doors open for further policy tightening. About the labor market, Fed Powell conveys that the labor market is extremely tight and warrants more rates from the...
⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US. Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week. ⚡️From a technical point of view, Gold is on a clearly declining range....