Archive for Tag: GOLD Market update

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...

Read More
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...

Read More
Gold Trading news

Gold Down Over Fed’s Hawkish Stance, Ukraine Conflict Provides Some Relief

Goldwas trading 0.16%down at $1,926.35 Gold was down on Monday morning in Asia, as the U.S. Federal Reserve’s hawkish stance on monetary policy capped gains. However, safe-haven support came as fighting in Ukraine shows no sign of abating. Gold futures were up 0.66% to $1,671.75 by 12:56 PM ET...

Read More
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...

Read More
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...

Read More
GOLD WEEKLY SCENARIO

GOLD WEEKLY SCENARIO – 25 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...

Read More

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...

Read More
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...

Read More
GOLD Price Technical Analysis

GOLD: WEEKLY SCENARIO – 17 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....

Read More
Technical Analysis

GOLD: WEEKLY SCENARIO – 16 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....

Read More