Gold is underpinned by wavering US currency
On Monday, gold managed to surge due to the fact market participants questioned the greenback jump’s near-term durability…
Tag - gold
Gold settles higher, as Trump cools trade talk expectations
On Friday, gold managed to rally due to the fact that American leader shockingly impacted market optimism generated by the probability of renewed trade negotiations between China and America…
Gold stands still on hopes for US-China trade talks
On Thursday, gold stood still against the backdrop of news of probable US-China trade negotiations, although the yellow metal was held down by a firmer evergreen buck…
Metals rally on trade optimism
On Wednesday, zinc and nickel prices bounced off from a selloff just a day earlier on a report China and America would resume trade talks, while a weaker evergreen buck also backed market sentiment…
XAU/USD: gold is afraid of the wedge
On the daily chart, XAU/USD bulls are still hoping to form a “Crab” with a 161.8% target. To begin with, they need to conquer 1209 (23.8% of the bearish wave).
Metals edge up on diving greenback
On Monday, metals made an upbeat start to the week, underpinned by a weaker greenback, although data disclosed that market participants ramped up their downside bets on the most popular precious commodity on hopes for further lifts in American interest…
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Gold ascends on safe-haven demand
On Thursday, gold surged in mid-morning trade because the safe-haven metal finally caused buyer interest in the face of US-China trade fears, while a weaker-than-anticipated result on job creation also assisted to soothe concerns over a faster tempo of…
Gold rallies on worsening crisis in Argentina
On Wednesday, gold jumped in Asia, powered by the everlasting currency downtime in Argentina that market experts actually expect could provoke a recession, higher inflation, and a weaker peso…
Gold dives, testing $1,200
On Tuesday, gold slumped below a psychologically crucial value of $1,200 because the number one precious commodity extended an everlasting losing marathon into September, which has been mainly powered by strength in the evergreen buck…
XAU/USD: bulls should surrender
On the daily chart of XAU/USD, bulls couldn’t break the resistance at 1,216 and hold the pair above 1,209.
Gold jumps on US holiday
On Monday, gold managed to surge a bit in the face of thin trade with Canadian and American financial markets unavailable due to Labor Day holidays…
