Edward Moya, senior market analyst at OANDA, said: “Global bond yields are surging and there seem to be concerns that global growth concerns could get even worse and that That gets people back to the dollar.” Worries about global growth, especially in China and the euro zone, have pushed haven demand for the currency to its highest in months, making gold more...
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...
Kindly check my weekly XAUUSD levels. Its my own idea only. you cane plan yourself and take the order carefully
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...
Most US markets are closed for trading during the Labor Day holiday. World gold prices fluctuated slightly this morning, supported by a slight decline in the USD as market participants became more and more confident that the US Federal Reserve (Fed) may have completed interest rate increase. Traders are all betting the Fed may have finished raising rates after...
OANDA:XAUUSD The bullish bias of the gold price is diminishing as full markets resume after a long weekend in the United States. XAU/USD buyers are experiencing mixed sentiment due to uncertainty regarding China and the Federal Reserve. The calendar will be adorned with important events such as the release of China Caixin Services PMI and US Factory Orders. ...
OANDA:XAUUSD The price of gold increased for the second week in a row due to concerns about the weakening US job market, which led to speculation that the Federal Reserve may adopt a more accommodative stance. If the support level of $1,950 is established, there is potential for further upward movement in XAU/USD. In the upcoming week, investors will closely...
Gold prices are rising and reaching a 3-week high of 1935 USD/ounce after a series of lower-than-expected US economic data. ADP's national employment report for August only increased by 177,000 jobs, compared with expectations for an increase of 200,000 jobs. According to experts, the US stock market is trending up. The sentiment of overseas traders and investors...
The world gold price reversed to decrease because on August 31, China announced that the purchasing managers index of the manufacturing sector in August had increased to 49.7 points. Although this is the 5th consecutive month this index has been below the expansion threshold of 50 points, it is much higher than the 49.3 points in July and the 49.4 points...
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...
Gold price has attracted buying interest for the fourth consecutive day on Thursday, pushing it back above the $1,945 level during the Asian session. This brings it closer to a four-week high that was reached the previous day. The XAU/USD pair now has potential to continue its recovery from last week's low of around $1,885, which was its lowest level since March...
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...
OANDA:XAUUSD The price of gold continues to hold steady at a two-week high, with bullish investors celebrating the weakening of the US Dollar and maintaining cautious optimism. The decline in US Treasury yields has contributed to this sentiment, as there is uncertainty surrounding the Federal Reserve's future actions and anxiety ahead of the release of Consumer...
OANDA:XAUUSD prices continue to rise for the second consecutive day and are staying near a peak that hasn't been reached in over two weeks. The decline in US bond yields is weakening the US Dollar and providing some assistance to the value of gold. However, expectations of further interest rate increases by the Federal Reserve may limit significant gains for...
The gold price has stabilized after a strong rebound, with investors eagerly anticipating new catalysts to drive further movement. Federal Reserve Chairman Jerome Powell has indicated a willingness to continue tightening monetary policy in order to maintain stable prices. Additionally, Federal Reserve Bank of Cleveland President Loretta Mester has expressed...
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...