Hello dear traders,by examining the 1-hour chart, it is evident that the downward trend of gold is losing momentum and transitioning into a sideways movement. Gold is currently seeking an opportunity to surpass the $1900 threshold. However, it should be noted that previously, gold experienced a significant decline at price levels of $1900 and $1905. Therefore, it...
Greetings, dear friends! The current price of gold is trading at $1,898 per ounce and there is a possibility that it may reach $1,900. The gold market has seen limited momentum as investors focus on the US dollar, which helps to sustain its price increase compared to other currencies. On the other hand, bond investments have become attractive with a 2-year bond...
Hello comrades, currently the price of gold may find it difficult to increase as bonds and the US dollar are on a strong rise. Investors are shifting from investing in gold to other profitable investments. Because of this, gold may continue to face pressure as investment demand decreases, unless there is some kind of instability or the US dollar weakens when the...
Gold prices are currently trading around the $1,889.5 per ounce mark and continue to trend downwards after several days of decline. There are concerns that the Federal Reserve's efforts to combat inflation by keeping interest rates high for longer than expected will have a significant impact on gold prices. This past week, gold reached its lowest level in five...
Gold prices today continued to decline and hit a level of 1888.545 USD/ounce, the lowest in recent declining sessions. Gold has experienced four consecutive weeks of decline from 1,965 USD/ounce to 1,888 USD/ounce, mainly due to investor concerns about the possibility of the US Federal Reserve continuing to raise interest rates in the long term. In addition, the...
Gold prices continued to decline on the global market today, August 18th, moving further away from the $1,900 per ounce mark and trading at a low of $1894.08 per ounce. The gold market continues its downward trend, reaching near its lowest level in five months. According to a report from the US Department of Labor, weekly unemployment claims decreased by 11,000...
The global gold market continues to trade at its lowest level in five months as bond yields continue to rise following the release of the Federal Reserve's July monetary policy meeting minutes. The increase in bond yields has raised the opportunity cost of holding non-interest-bearing assets like gold, while the recovery of the US dollar has taken away some of...
The price of gold continues to decline and reached a level of 1892.56 USD/ounce due to the rising yields on US Treasury bonds, with the 10-year bond reaching its highest yield in 15 years at around 4.3%. Furthermore, the recovery of the US dollar index is another factor contributing to the overall decrease in gold and silver sellers. The minutes from the Federal...
The global gold price stands at $1,894 per ounce, increasing slightly by $2 per ounce compared to the same time yesterday. Following the release of the Fed meeting minutes, the 10-year Treasury bond yield in the United States reached its highest level in 10 months. This caused the value of the US dollar to rise to its highest point since mid-June, reducing...
The global price of gold has experienced a sharp decline, dropping from $1,905 per ounce to $1,892 per ounce. Gold's downward trend continues as the US monetary policy makers lack consensus on interest rate management. Yesterday evening, the US announced its monetary policy meeting for July 2023. The Federal Reserve (FED) remains focused on curbing inflation....
The current price of gold in the global market is at $1,896 per ounce, showing a decrease of more than $11 per ounce compared to the previous trading session. Gold has been experiencing consecutive declines as the market anticipates the Federal Reserve to ease its monetary policy. The strengthening of the US dollar and bond yields in recent sessions has led...
The global gold price has dropped below the 1900 mark and hit a low of 1,896.78 USD per ounce. The rise in the value of the US dollar has caused a significant decrease in gold prices. The world's largest gold ETF, SPDR Gold Trust, has been consistently selling off its holdings in recent sessions, reducing its gold ownership to 894.43 tons - the lowest level since...
The global price of gold has reached a critical point, hovering around $1,903 per ounce. On the Comex New York exchange, gold for December delivery is valued at $1,937 per ounce. At the start of the trading session, there were instances when the world market's gold price dipped below $1,900 per ounce due to the strengthening US dollar. In recent days, the value...
Gold prices are maintaining a defensive stance, hovering near recent lows and facing pressure at key technical levels. The price of gold has been consistently trading around the significant resistance zone of $1900 but has been unable to surpass it. The overall trend during this period remains downward, indicating a correction phase. Therefore, strategies focused...
Today's gold price (August 16) experienced a significant decrease in comparison to the previous session. The global economy is currently displaying positive signs of recovery, which has led to a decrease in investor interest in gold. Gold prices have been on a continuous decline for the past seven sessions, starting from last week until now. This decline can be...
The current trading price for gold is approximately 1906.15 USD per ounce. Gold has experienced a minor decline, reaching its lowest point in five months due to the positive outcome of a US economic report. In response to the declining Russian economy and devaluation of their currency, the "rouble," Russia convened an emergency meeting and decided to raise their...
The current global price of gold experienced a slight decrease today, with the value of gold declining by $7.6 to reach $1,906.8 per ounce. In terms of futures trading, December gold futures were last observed at $1,944 per ounce, which is a decrease of $2.6 from the previous day's trading session. At the start of this week, prices for December gold futures hit a...
The world spot gold price stood around the threshold of US$1,906/ounce, up US$3.1/ounce compared to last night. Gold futures for December delivery on Comex New York were at $1,938.1 per ounce. Last week, the US released the consumer price index (CPI) and the July jobs report both fell. At that time, the gold market forecast that the US Federal Reserve (Fed) would...