This week, 12 Wall Street analysts participated in Kitco News' gold survey. 42% think gold price will increase in the near future and 42% gold will decrease, 16% think gold price will move sideways. In an online poll, 69% expect gold to rise next week, 20% expect gold to fall, and more than 10% expect it to move sideways. The USD Index (a measure of the...
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...
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...
Gold (XAU/USD) is marking an unimpressive start to the week trading around $1,890, after having fallen for the past four weeks in a row. With that said, Gold prices are filling the gap at their lowest levels since March while struggling to gain traction amid the market's cautious mood ahead of this week's top data/events. However, a stronger US Dollar will put...
Gold prices edged up slightly higher and attempted to continue their gains on Tuesday. XAU/USD hovers around $1,900/troy ounce during the Asian session on Wednesday, having found signs of recovery after 4 consecutive weeks of default losses despite a firmer US Dollar (USD). However, growing risk aversion and concerns about the Chinese economy are weighing on Gold...
The international gold price remained stable despite the increase in the dollar and bond yields at the end of the session at dawn this morning Vietnam time. Although there are signs to be watched ahead of Federal Reserve Chairman Jerome Powell's keynote speech at the Jackson Hole symposium, the gold market holds steady gains. Spot gold prices edged up 0.1% to...
World gold price this morning was stable with spot gold up 0.9 USD to 1,916.3 USD/ounce. Gold futures in December last traded at $1,948.1 per ounce, down $1 from dawn yesterday. The gold market was quiet and did not react much to better-than-expected labor market data released on the evening of August 24 (Vietnam time). The recent US Labor Department report...
World gold price this morning was stable with spot gold up 0.9 USD to 1,916.3 USD/ounce. Gold futures in December last traded at $1,948.1 per ounce, down $1 from dawn yesterday. The gold market was quiet and did not react much to better-than-expected labor market data released on the evening of August 24 (Vietnam time). The recent US Labor Department report...
In the world, gold price increased mainly due to bottom-fishing demand when precious metal products stood at the threshold of 1,900 USD/ounce despite great pressure from USD. Investors also looked to gold while waiting for the annual symposium of the US Federal Reserve (Fed) to be held this weekend in Jackson Hole, Wyoming. The meeting brought together leaders of...
World gold price this morning rose with spot gold up 18.2 USD to 1,915.4 USD/ounce. December gold futures last traded at $1,948.1 per ounce, up $22.1 from dawn yesterday. The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback,...
Head and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.
World gold price this morning continued to increase slightly with spot gold up 2.9 USD to 1,897.2 USD/ounce. December gold futures last traded at $1,926.0 per ounce, up $2.30 from dawn yesterday. World gold price increased slightly in yesterday session 22-8. Short-term offsets and some light bargain hunting are believed to have been the hallmarks of the precious...
According to Kitco, the world gold price recorded at 5:00 am today in Vietnam time for spot at 1,898,220 USD/ounce. Converting at the current exchange rate at Vietcombank, world gold is about 54,053 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 12,997 million...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 4 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Since that meeting, key data has shown that price and wage pressures continue to ease, which should reinforce the possibility of an end to rate hikes. Even so, strong indicators of labor market activity and consumer spending could also make policymakers uneasy about the outlook for inflation to continue to ease. World gold still traded at the lowest level within...
Gold prices (XAU/USD) fell to fresh five-month lows before stabilizing around $1,890 as market participants looked for more clues to extending the previous downturn, supported by recent downturns. hawkish Federal Reserve (Fed) concerns and risk aversion. That said, fears of a recession in China and weaker growth numbers in advanced economies coupled with firmer US...
Since that meeting, key data has shown that price and wage pressures continue to ease, which should reinforce the possibility of an end to rate hikes. Even so, strong indicators of labor market activity and consumer spending could also make policymakers uneasy about the outlook for inflation to continue to ease. World gold still traded at the lowest level within...
World gold price in the early morning increased slightly with spot gold up 2.7 USD to 1,894.3 USD/ounce. Gold futures in December last traded at $1,923.7 per ounce, up $0.7 from dawn yesterday. World gold still traded at the lowest level within 5 months in the first session of the week. The precious metal's rally is still being capped by rising US Treasury...