Tag: Gold as an investment

Forex Trading

Gold reverses gains after release of higher-than-expected US PMI data

Gold (XAU/USD) has reversed earlier gains and broken back below its 50-day Simple Moving Average (SMA) on an intraday basis after the release of US Purchasing Manager Indices (PMI) data from…

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Jun 22, 2024 comments off
Forex Trading

Gold price languishes near one-month low amid renewed rate jitters, bullish US Dollar

Gold price (XAU/USD) gained some positive traction on the first day of a new week and reversed a part of Friday’s post-NFP slump to the $2,287-2,286 area, or over a…

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Jun 11, 2024 comments off
Forex Trading

Gold Prices Sink, Support Breakdown Heralds More Weakness; XAU/USD Key Levels

This article explores gold’s technical and fundamental outlook, discussing potential scenarios that could play out over the coming days and weeks.

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May 24, 2024 comments off
Forex Trading

Gold price pulls back from over two-week top amid a modest US Dollar uptick

Gold price (XAU/USD) settled in the green for the first time in the previous three weeks in the wake of persistent geopolitical tensions and the recent US Dollar (USD) corrective…

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Feb 26, 2024 comments off
Forex Trading

Gold Price Forecast: XAU/USD attracts some sellers above the $2,000 mark ahead of US CPI data

Gold price (XAU/USD) trades in negative territory for the fifth consecutive day during the early Asian session on Tuesday.

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Feb 13, 2024 comments off
Forex Trading

Gold Price Forecast: XAU/USD gains momentum toward a record close above $2,070 amid the USD weakness

Gold price (XAU/USD) gains traction above a record close of $2,070 during the early Asian session on Thursday.

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Dec 28, 2023 comments off
Forex Trading

Gold price retreats further from monthly peak, downside potential seems limited

Gold price (XAU/USD) extends the overnight modest pullback from the $2,007 area, or the vicinity of a multi-month peak, and remains depressed below the $2,000 psychological mark through the Asian…

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Nov 22, 2023 comments off
Forex Trading

Gold Price Forecast: XAU/USD attracts some buyers above $1,940, investors await the US CPI data

Gold price (XAU/USD) attracts some buyers and currently trades around $1,946 during the early Asian trading hours on Tuesday.

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Nov 14, 2023 comments off
Forex Trading

Gold Price Analysis: XAU/USD nearing $1740/oz level

XAU/USD consolidates the recent gains while trading above $1700 per troy ounce and the main SMAs on the four-hour chart. The market is nearing the 1740 resist

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May 24, 2020 comments off