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)…
Gold fell heavily following hawkish remarks from the Federal Reserve’s chairman. XAU/USD bears throw in the towel near a critical support area. The focus is on a significant correction back towards $1,830. Update: Gold price is meandering near one-week lows of $1,813, as the demand for the US dollar remains unabated amid rising two-year Treasury yields.…
Gold prices remain mildly bid after piercing yearly resistance, 13-day-old rising channel eyed. Downbeat yields, fears of Fed rate hike join Ukraine-Russia tussles to underpin gold’s safe-haven demand. IMF’s downbeat economic growth forecasts also sour the mood. Fed January Preview: Three possible scenarios for gold Update: Gold (XAU/USD) holds in the bullish territory near to the…
• Gold stays firmer around intraday high as bulls brace for yearly resistance break.• Risk assets remain on the back foot as pre-Fed anxiety joins Russia-led geopolitical risks.• Firmer inflation expectations add to the fears of hawkish Fed, US CB Consumer Confidence eyed.Gold (XAU/USD) holds on to the week-start rebound towards the yearly resistance line,…
Gold is under pressure near Friday’s close while the US dollar corrects. The focus will be on Chinese data to start the week following US economic disappointments for December. Update: Gold (XAU/USD) pares intraday losses during the three-day downtrend around $1,815, down 0.10% on a day, during Monday’s Asian session. In doing so, the metal prices…
Gold Rate Today, Gold Price in India on 11 Jan 2022: Gold prices were trading higher in India on Tuesday, even as yellow metal remained muted in the global markets. Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading higher in India on Tuesday, even as yellow metal remained muted in…
Gold is off the lows but not out of the woods yet amid hawkish Fed expectations. The risk sentiment improves, downs the US dollar while yields ease as well. All eyes on the US NFP report, as gold’s daily technical setup leans bearish. Gold price is making a minor recovery attempt from eleven-day lows of $1,786…
Gold Rate Today, Gold Price in India on 6 January 2022: Gold prices in India tumbled over half a per cent on Thursday, on the back of weak global cues. Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India tumbled over half a per cent on Thursday, on the back of weak…
Gold was flat in early Asian trade on Wednesday, as traders weighed prospects of early interest rate increases by the U.S. Federal Reserve against surging COVID-19 infections globally. FUNDAMENTALS * Spot gold was little changed at $1,813.91 per ounce by 0133 GMT. U.S. gold futures were flat at $1,813.80. * Benchmark 10-year Treasury yields rose…
