Archive for Tag: gold outlook

GOLD Price Technical Analysis

GOLD: WEEKLY SCENARIO – 11 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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Gold Up, Hits One Week High as Inflation Worries Persist

Gold was trading up 0.27% at $1,812.75. Gold was up on Monday morning in Asia, hitting a more than one-week high. Inflationary pressures helped counter the impact of a U.S. Treasury yield rally after better-than-expected U.S. employment data. Gold futures edged up 0.18% to $1,811.05 by 12:08 AM ET...

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Gold Down, Near Two-Week Lows as Dollar Strengthens

Gold was trading 0.38% up at $1800.40. Gold was down on Thursday morning in Asia, remaining near two-week lows. A strengthening dollar Index Futures contributed to the yellow metal’s losses, while investors also await the European Central Bank (ECB)’s latest policy decision. Gold Futures were down 0.21% to $1,789.75...

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Gold Down, but Remains Above $1,800 Mark Over Fed Taper Delay Expectations

Goldwas trading 0.25% down at $1,806.14. Gold was down on Tuesday morning in Asia, but remained above the $1,800 level. Hopes are also growing that the U.S Federal Reserve could delay its planned asset tapering thanks to the continuing spread of COVID-19. Gold Futures edged down 0.17% to $1,803.25...

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Gold Up as Continuous COVID-19 Concerns Decrease Risk Appetite

Goldwas trading 0.64% up at $1,795.14. Gold was up on Monday morning in Asia, with the dollarremaining near multi-month highs. However, continuing concerns about the spread of COVID-19 globally and its impact on the economic recovery turned investors towards the yellow metal. Gold Futures were up 0.28% to $1,788.95...

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Gold Down, Strong U.S. Jobs Report Fan Fears of Fed Asset Tapering

Gold was trading 0.88% down at $1,747.60. Gold was down on Monday morning in Asia, after sliding as much as 4.4% to a more than four-month low. Strong U.S. jobs data increased fears that the U.S. Federal Reserve would hike interest rates and begin asset tapering earlier than expected....

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Gold Down, but Remains Near $1,800 Mark, in Leadup to U.S. Jobs Report

Gold was trading 0.52% down at $1,799.60. Gold was down on Friday morning in Asia, but remained near the key $1,800 mark as investors await the latest U.S. jobs report. Gold Futures were down 0.39% to $1,801.90 by 1:24 PM ET (5:24 AM GMT) and were set for their...

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