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...
OANDA:XAUUSD The price of gold is pausing at the start of Friday, consolidating a four-day upward movement to reach a two-week peak of $1,923 achieved on Thursday. The US Dollar (USD) is assuming control due to risk aversion and continuing its previous surge, supported by the renewed power in US Treasury bond yields.
OANDA:XAUUSD The Gold Price has reached a two-week high, much to the delight of bullish investors who are optimistic about the early end of hawkish monetary policies. The negative activity data serves as a reminder of the obstacles faced by those advocating for "higher for longer" rates. However, this only adds fuel to XAU/USD as market sentiment remains...
OANDA:XAUUSD The price of gold (XAU/USD) is showing a gradual increase near the $1,900 level. It is getting closer to the resistance confluence at $1,910 as investors prepare for several speeches by central bankers at the annual Jackson Hole Symposium. The price of gold experiences a significant decline due to the rapid recovery of the US Dollar. The tight...
The US Dollar lost some ground on Monday, although a scarce macroeconomic calendar kept major pairs within familiar levels. The market sentiment remained sour, while government bond yields advanced, reflecting the ruling cautious stance. The US Treasury yield hit its highest since 2007, as investors are concerned global central bankers will extend the monetary...
OANDA:XAUUSD The price started the day by breaking above the downtrend line resistance at $1,904 as it attempted to recover. For gold buyers to maintain momentum from multi-month lows, they need a daily close above this level. If this scenario comes to fruition, the next upside target would be $1,900. If that is achieved, there will be a significant resistance...