Archive for Tag: Gold Trading

Gold price

Gold climbs; elevated inflation, recession risk, and war in Ukraine

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...

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GOLD Technical Analysis

GOLD Technical Analysis & Trading Suggestions

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 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 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, 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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