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Mr. Yeap Jun Rong, strategist at IG Bank, said that confidence in gold has been restored. Gold price is always sensitive to US interest rate adjustments. A falling dollar makes gold attractive to holders of other currencies. According to the World Gold Council (WGC), gold is likely to be supported in the second half of the year amid a weak USD and stable bond...

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From a technical perspective, it is important to highlight that Gold is currently in the process of forming a noteworthy Harmonic Pattern, specifically the bullish Crab Pattern, as discussed previously. As the price approaches the XA 1.618 level, it coincides with the Gold daily/4H/1H Demand zone, approximately around the 1898 area. This presents an opportunity...

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According to data from Kitco.com, as of 9:45 pm. On July 11, spot gold was listed at $1,933.60 an ounce, up $8.50 from the previous session's closing price. According to Reuters, gold prices rose thanks to the dollar and falling bond yields, while investors expect US inflation data will affect the Fed's rate hike schedule. According to Matt Simpson, senior...

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The world gold price stood at 1,938 USD/ounce, up 14 USD/ounce over the same hour last morning. The USDX index, which measures the greenback's volatility with six major currencies, slipped 102 points to near a two-month low. A weaker dollar also makes gold more attractive to buyers holding other currencies. Ms. Hooper explained that although gold faces a...

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Specifically, the spot gold price was trading at 1,932.2 USD/ounce, up 7.1 USD. Gold for August futures was last traded at $1,937.2 per ounce, up $6.2 from dawn the previous day. Meanwhile, according to Michael Boutros, senior technical strategist at Forex.com (online forex broker), gold can only break its downtrend when it rises above $1943/oz. Conversely, if...

SupperTrading-FX Updated 

On July 12, the US Dollar Index fell below 102 points and US bond yields also fell slightly. The world spot gold price increased by 7.1 USD to 1,932.2 USD/ounce. Gold for August futures was last traded at $1,937.2 per ounce, up $6.2 from dawn the previous day. Recently, Invesco's annual global sovereign wealth management report shows that more and more...

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Gold futures for delivery in August 2023 on the Comex New York exchange fell by $1.50, or 0.08%, to $1,931 per ounce. Gold has started the trading week with a fairly peaceful movement as it only dropped slightly in the US Monday midday session. Still, it's been a hot week in opposition to the US economic report, which includes key US broadcast data later this...

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According to one market analyst, although gold prices are likely to fall and retest support below $1,900 an ounce early in the second half of the year, investors should not give up on gold. Edward Moya, senior market analyst at OANDA told Kitco News that developing a long-term expectation for gold that strengthens the labor market will weaken, ushering in a...

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The world gold price almost stood still with spot gold down 0.9 USD to 1,925.1 USD/ounce. Gold futures in August traded at the end of the period at 1,931.5 USD / ounce, down 1.5 USD compared to the previous morning. The world gold market started the week quite quietly when the price fluctuated with a mechanical margin. However, this week is forecast to be a busy...

SupperTrading-FX Updated 

According to the World Gold Council (WGC), since the beginning of the year, gold is bringing outstanding performance to investors compared to holding cash and bonds. Stocks are an asset that maintains returns that surpass gold. Specifically, in the first half of the year, gold rose 5.4%, while stocks in the S&P 500 rose 14%. They see gold and emerging market...

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World gold price tends to increase with spot gold increasing by 1.6 USD, so with last week's closing session, it increased to 1,926 USD/ounce. Kitco News's recent gold survey shows that optimism is returning to the market. However, some analysts warn that there is still not enough momentum to break through key resistance levels. Kevin Grady, President of Phoenix...

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Gold prices rebounded today due to the upbeat sentiment in the market and bond returns. However, some analysts warn that there is still not enough momentum to overcome important resistance levels because a lot of information is not very positive for the gold market. Gold continued to decline in aging as solid labor market data and good economic health eased...

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The survey covering 85 sovereign wealth funds and 57 central banks collectively managing about $21 trillion in assets showed that while inflation remains the most significant risk, many now intend to increase bond allocations, especially emerging-market and high-yield. Gold is also favored as inflation hedge, with a significant proportion of central banks...

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The world gold price increased within a mechanical border as both investors and experts feared, the USD exchange rate will be adjusted higher later this month, after the meeting of the US Federal Reserve (US Federal Reserve). Fed). By the US jobs data in June overall still increased quite strongly. If only the non-agricultural sector decreased, but in the private...

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TVC:GOLD Gold prices struggled to capitalize on modest overnight gains from the vicinity of 1,900$, or weekly lows, and remained on the defensive throughout Friday's Asian session. GOLD is now trading around the 1910$ region, mostly unchanged on the day, and looks vulnerable to an extension in the two-month downtrend from all-time highs touched in May. From a...

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OANDA:XAUUSD The US economy remains resilient allowing the Fed to continue raising interest rates. XAU/USD is down for a second day in a row, though it managed to bounce off the aforementioned lows and trade around $1,190. Technical indicators exhibit moderate to bearish slopes in negative levels, maintaining downside risk. In the short term, the bears have...

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OANDA:XAUUSD With the authorities' uneasy mood, the more hawkish the Fed is, the more opportunities there are for the US Dollar to rise. In general, the risk is tilted to the downside, the downside will be stronger when Gold slides below the $1890 price zone. Technical indicators continue to lose bullish strength in positive levels, currently approaching their...

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TVC:GOLD Gold prices regained some positive traction on Thursday and partially recovered overnight losses. The overall weaker risk bias favors the safe-haven GOLD, although the upside looks limited. The major hawkish central banks can prevent the bulls from betting heavily on the metal. Gold prices came under pressure in the second half of Wednesday, with GOLD...