laurettegahn

laurettegahn

Gold gained in early Asian trading on Monday due to a stronger US dollar. However, potential increases in US treasury bond yields may limit further gains. Currently at $1,940, XAU/USD has seen a 0.22% daily increase. The daily chart shows attempts to surpass the 23.6% Fibonacci retracement, but with lower highs and lows under the 20-day SMA. Technical indicators...

laurettegahn Updated 

The U.S. dollar maintained a positive momentum throughout the first half of the day but shifted direction after the U.S. market opened. As a result, XAU/USD rebounded from a new weekly low of $1,944.71 to trade above the $1,960 mark. Financial markets remain cautiously optimistic amid hopes that central banks have completed monetary tightening, despite...

laurettegahn Updated 

The market has experienced a notable calmness in the past few days, with a lack of significant data causing stocks to drift higher, extending their recent trend. Meanwhile, the U.S. dollar has made a comeback after last week's sell-off based on data. As a result, both gold and silver have weakened from the beginning of the week until now. However, is a recovery on...