Archive for Tag: GOLD Market News

COMEX gold futures

Gold trade flats on lack of momentum

The price of COMEX gold futures is up a mere 0.01% at $1840.8 per troy ounce on mid-Monday trades. Gold price is trading flatly around the $1840-level after witnessing a fall in the previous week. The recovery in risk sentiment bodes ill for the safe-havenasset. The upside in gold...

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COMEX gold futures

Gold declines as dollar strengthens and yield rose

The price of COMEX gold futures is down 1.39% at $1,849.5 per troy ounce on mid-Monday trades. Gold started the week on a bearish note, correcting sharply from its past five-week peak of $1,879. The inverse correlation between the yellow metal and the US treasury yields is back in...

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COMEX Gold futures price

Gold eye $1850 on impending death cross

The COMEX Gold futures price is up 0.38% at $1857.2 per troy ounce on mid-Monday trades. Gold price is clawing back towards the $1,860 level after declining below it on the Friday of previous week. The Asian recovery of the gold demand was driven by a minor pullback in...

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COMEX Gold futures price

Gold remains below the $1860 – level, amid light trading

The price of COMEX Gold futures price is up 0.08% at $1858.7 per troy ounce on early-Monday trades. Gold price, this week, opens on a positive momentum supported by the holiday-thinned market conditions. The US dollar is seeing a dip-buying demand, despite the risk-on trading in global stocks. Investors...

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market outlook

Gold starts May with a bearish note

Gold futures at COMEX is down 1.92% at $1875 per troy ounce on mid-Monday trades. Gold opened May on heavy bearish pressure. Price has gone below the $1,900 price level as price declines due to the strengthening U.S. dollar, and Fed’s tightening monetary policy among other factors. It is...

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Gold Trading tips

Gold steadies as robust Treasury yields counter Ukraine woes

Goldwas trading 0.06%down at $1,928.35 Gold prices held steady on Tuesday as U.S. Treasury yields hit multi-year highs following an aggressive inflation stance by the Federal Reserve chairman, while an intensifying conflict between Russia and Ukraine supported bids for the safe-haven metal. Spot gold was little changed at $1,933.40...

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Gold Trading

Gold steady as dollar dip counters Fed rate hike expectations

Goldwas trading down 0.26%at $1,925.35 Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike. Spot gold was flat at $1,917.91 per ounce at 1015 GMT, after touching its lowest since March...

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Gold futures

Gold Down, U.S. Yields Up as Investors Look to Fed Policy Decision

Goldwas trading down 1.41%at $1,933.35 Gold was down on Tuesday morning in Asia, falling to its lowest in more than a week. U.S. Treasury yields surged ahead of a Federal Reserve’s policy decision and hopes for progress in talks between Ukraine and Russia further dampened the safe-haven yellow metal’s...

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Gold Up as Ukraine Crisis Deepens

GOLD was trading up 0.12% at $1,897.96 Gold was up on Tuesday morning in Asia after Russia recognized two breakaway regions of eastern Ukraine and ordered troops into the regions. Gold futures were up 0.62% to $1,911.45 by 10:43 PM ET (3:43 AM GMT). The dollar, which normally moves...

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GOLD Price Technical Analysis

GOLD WEEKLY Technical Analysis – 22 February 2022

GOLD Price Technical Analysis: Weekly Chart In the weekly charts, Gold is trading in an upward channel. Gold is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Gold will follow an uptrend in the coming weeks. The...

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