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Gold prices reached the record high area early last Thursday after the FOMC meeting, hitting 2,075 before correcting lower, with the decline accelerating after the release of the US Nonfarm Payroll (NFP) report. This context, along with some technical factors, contributed to a spike in XAU/USD to 2,075; the area of record highs, but it quickly pulled back, unable...

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The US Dollar Index, which measures the value of the dollar against a basket of other currencies, has decreased by 0.25%, which is counteracting the downward pressure on XAUUSD. The price of gold is trading within a narrow range of $1,950-70s during the European Session on Tuesday and is currently facing resistance at $1,960. The recent surge in gold prices to...

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Gold price is attempting a comeback after two straight days of losses. Gold price finds support from a retreat in the US Treasury bond yields, as baking jitters ease. Bears breach 23.6% Fibo level. Will XAU/USD recover ground above it? Gold price is making a minor comeback after two back-to-back days of heavy declines. Gold price is finding support from a...

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GOLD Settle above $2,000 if the Fed show willingness to cut rates In order for the yellow metal to keep sustained new highs above $2,000, money managers will need to see the Fed show willingness to cut rates even if inflation remains far off the two percent target.

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Support levels: 1,978.75 1,962.30 1,954.00 Resistance levels: 2,009.80 2,021.90 2,034.10 Gold price is oscillating in a narrow range of $1,990-2,000 in the early Asian session. The precious metal is struggling to shift its auction above the psychological resistance of $2,000. However, the upside looks favored as the Federal Reserve (Fed) has come closer to...