Tag: Precious metals
Gold Price Analysis: XAU/USD risks freefall to $1,700 area
Gold has continued to struggle amid a stronger US dollar. The precious metal has generally sustained a downtrend within an ascending parallel channel
Read More »Gold Price Forecast: XAU/USD Recovers but is the Rally to be Believed?
Gold has enjoyed a relief rally in recent sessions as it looks to recoup losses suffered earlier in January. Still, the precious metal is down considerably for the month and…
Read More »Gold Price Prediction: XAU breakdown to $1,800 seems imminent
Gold experienced intense selling pressure in the concluded trading week. The precious metal was not able to pick up momentum following the consistent
Read More »Gold Price Outlook Mired by Spike in US Treasury Yields
The price of gold tumbles to a fresh weekly low ($1834), with the weakness in bullion largely coinciding with the recent spike in US Treasury yields.
Read More »Gold Price Analysis: XAU/USD’s rebound appears capped near $1860 amid surging yields – Confluence Detector
Gold (XAU/USD) wilted on Friday as Treasury yields surged on strengthening risk-on flows amid expectations of higher fiscal stimulus under Biden’s pre
Read More »Gold trades just under $1900 at year end
Up from $1517.27 at the year end 2019. The price of gold is ending the year just under the $1900 level. The current price is trading at $1897.93. That is up $3.54 or 0.19%. …
Read More »Gold Price Analysis: XAU/USD ends 2020 hovering near $1900, with a 22% gain
Gold is about to end the year with a bullish bias, testing the $1900 barrier, supported by a US dollar decline. It gained 22% over the year and hit a
Read More »Gold Price Analysis: XAU/USD bulls look to US Senate for breaking monotony below $1,900
Gold keeps a less than $5 trading range, established during Tuesday’s late-US session, while taking rounds to $1878 amid the Asian trading session on
Read More »Gold Price Analysis: XAU/USD refreshes intraday high below $1,900 amid US stimulus updates
Gold takes the bids near $1,880 during Tuesday’s Asian session. In doing so, the yellow metal stretches the latest corrective pullback from $1,871 whi
Read More »Gold Price Analysis: XAU/USD sees firstly weekly close below $1800 since mid-July
Gold (XAU/USD) finally breached the critical $1800 support on Friday, closing the week below that level for the first time since July 16. The spot ero
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