XAUUSD market on weekends
Updated
The international gold price remained stable despite the increase in the dollar and bond yields at the end of the session at dawn this morning Vietnam time. Although there are signs to be watched ahead of Federal Reserve Chairman Jerome Powell's keynote speech at the Jackson Hole symposium, the gold market holds steady gains.
Spot gold prices edged up 0.1% to $1,916.69 per ounce at around 01:48 pm (EDT - 1748 GMT). At the same time, US gold futures fell 0.1% to $1,947.10.
In the other precious metals segment, spot silver fell 0.8 percent to $24.13 per ounce, while platinum rose 0.8 percent to $937.38. However, palladium fell 3.2%, to $1,232.86.
Yeap Jun Rong, market strategist at IG, pointed to a key resistance at $24.50 for silver. A break above this level could open the door to a rally to the year high, around $26.
Spot gold prices edged up 0.1% to $1,916.69 per ounce at around 01:48 pm (EDT - 1748 GMT). At the same time, US gold futures fell 0.1% to $1,947.10.
In the other precious metals segment, spot silver fell 0.8 percent to $24.13 per ounce, while platinum rose 0.8 percent to $937.38. However, palladium fell 3.2%, to $1,232.86.
Yeap Jun Rong, market strategist at IG, pointed to a key resistance at $24.50 for silver. A break above this level could open the door to a rally to the year high, around $26.
Note
BUY 1913 - 1915TP1 : 1930
tp2 : 19032
SL: 1905
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