Gold price, at COMEX, is down 1.25% at $1910.2 per troy ounce on early Monday trades, continuing its previous week’s decline. Gold price retraced from the $2,000 – psychological mark last week and witnessed follow-through selling for the third consecutive day on Monday. While gold prices declined, the U.S....
GOLD Technical Analysis: Weekly Chart In the weekly charts, GOLD is trading in an upward channel. It is trading above all SMAs: MA (5), MA (20), and MA (50). The immediate support is at 1912 and the resistance level is at 1992. GOLD is trading in an upward channel...
Gold price is up 0.80% at $1990.22 per ounce on mid-Monday trades. Due to concerns over the economic fallout of the Russia-Ukraine war and surging inflation, investors hoard the safe-haven assets. As a result, gold prices have soared recently against a strong dollar and rising U.S. treasury yields. The...
GOLD Price Technical Analysis: Weekly Chart In the weekly charts, Â 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...
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...