Gold prices have slipped below $1897.70 as investors await fresh sanctions status on Russia. The precious metal has surged around 5.6% in February amid the safe-haven appeal. The bullion is retreating towards the trendline places from $1887.66. Gold price is easing below the trading range of $1897.70-1901.70 formed in the Asian session. Investors are waiting for fresh impetus…
Gold price remains underpinned by geopolitics, as Russia-Ukraine risks escalate. Thursday’s G7 meeting offers some optimism but risk sentiment remains sour. Gold Price Forecast: Acceptance above $1,917 to unleash further upside, Ukraine in focus. Gold price continues to draw the safe-haven bids on escalating geopolitical tensions after Russian President Vladimir Putin’s decision to officially recognize two…
Gold takes the bids to refresh intraday high, extends four-day uptrend around fortnight top. US T-bond yields regain upside momentum as White House, Fedspeak propels US CPI chatters. High hopes from US inflation keep the risk of disappointment on table, suggesting further advances. Gold Price Forecast: Broad dollar’s weakness makes gold shine Update: Gold now seems…
Gold retreats from two-week high, challenges three-day uptrend amid quiet session. Mixed concerns over inflation, Fed’s next move and geopolitics direct traders towards traditional safe-haven. US CPI becomes crucial amid a mismatch between inflation expectations and Fed rate-hike expectations. Gold Price Forecast: Bulls defying a critical Fibonacci resistance level Update: Gold (XAU/USD) is taking advantage of an…
Gold buyers retain control following the biggest daily gains in three weeks. Sustained trading beyond 200-DMA joins RSI, MACD conditions to keep buyers hopeful. Market’s cautious optimism helps gold buyers amid light calendar ahead of US CPI, trade, geopolitics can entertain short-term traders. Gold Price Forecast: Bulls in the driver’s seat, eyeing $1,825.60 Update: Gold price…
Gold seesaws around weekly tops after Thursday’s central bank actions renewed bullish bias. US dollar needs positive surprise from NFP to justify firmer yields, risk catalysts are important too. US January Nonfarm Payrolls Preview: Analyzing gold’s reaction to NFP surprises Gold (XAU/USD) returns to the buyer’s plate, after a brief disappearance, as upbeat equities join…
Gold is solid on the back of US dollar weakness. US jobs data has underwhelmed the greenback, sinking as Fed officials dial down aggressive rate hike expectations. XAU/USD poised for further losses on Fed’s hawkish stance Update: Gold (XAU/USD) remains sidelined above $1,800 as market players await monetary policy announcements from the European Central Bank (ECB)…
Gold drops for the first time in three days, fades rebound from seven-week low. Sellers remain hesitant as market sentiment dwindles ahead of key data/events. Mixed Fedspeak, downbeat yields and geopolitical fears keep buyers on guard. Gold Price Forecast: XAU/USD’s path of least resistance appears down, US jobs data eyed Update: Gold extended the previous day’s…
Gold crosses immediate resistance to consolidate the heaviest weekly loss since late November. Mixed Fedspeak weighs on USD, yields but inflation fears keep risk-off mood on the table, challenging gold buyers. Gold buyers stay hopeful unless staying beyond $1,781 key support. Gold Price Forecast: XAU/USD bears have the upper hand below 200-DMA, around $1,805 area…
Gold prints a corrective pullback from a three-week low. Yields pause previous declines, US stock futures print mild gains but Asia-Pacific equities trade mixed. Firmer US data, inflation expectations keep gold bears hopeful before Fed’s preferred inflation gauge, India gold demand tests sellers. Gold Price Forecast: Poised to challenge January’s low at 1,782.60 Update: Gold (XAU/USD)…
