Gold News

Gold Price Forecast: XAU/USD sticks to weekly lows near $1,815 amid firmer yields

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 News

Gold Price Forecast: XAU/USD sits in bullish territory near $1,850 key level

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 News

Gold Price Forecast: XAU/USD approaches $1,848 yearly hurdle as risk sentiment dwindles

• 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 News

Gold Price Forecast: Risk-aversion weighs on XAU/USD for third consecutive day, sellers eye $1,800

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

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Gold Price Today, 11 Jan 2022: Yellow metal trades with gains, Omicron fears to support 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 News

Gold Price Forecast: XAU/USD licks its wounds below $1,800 ahead of US NFP showdown

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

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Gold Price Today, 6 Jan 2022: Gold gets cheaper, falls below Rs 48000, MCX Silver gives up Rs 62000

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

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Early Fed rate hike bets hold back gold as virus woes weigh

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

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Gold Price Today, 3 Jan 2022: Gold to trade in 47950-48200, falls over 4% last yr; check support, resistance

Excerpt: Gold Rate Today, Gold Price in India on 3 Jan 2022: Gold prices in India were trading on a muted note on the first trading day of calendar year 2022, as global rates remained steady. Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading on a muted note on

Gold News

Gold Price Today, 30 Dec 2021: Gold prices fall, may trade lower on weak global rates, sharp up move in rupee

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading weak in India on Thursday, as the global rates remained unchanged. On the Multi Commodity Exchange, gold February futures were trading at Rs 47,730 per 10 gram, down Rs 109 or 0.23 per cent, as against the previous close of Rs 47,839. Silver