Gold Archives - Page 126 of 139

Gold and silver prices are moderately higher near midday Monday, but down from their daily highs. February gold hit a four-week high and March silver a three-month high today. The precious metals are seeing buying support from a slumping U.S. dollar index that is trading near last week's three-month low. The technical postures for both metals…

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Gold

November 27, 2023390Views 0Likes 0Comments

XAU/USD climbs above $2,000 on the weaker Dollar, focus on the US GDP, PCE data

Gold price (XAU/USD) holds above $2,000 during the early Asian trading hours on Monday. Yellow metal's rally is fueled by expectations that the US Federal Reserve (Fed) would not raise the interest rate further. At press time, the gold price is trading near $2,001, losing 0.04% on the day. Meanwhile, the US Dollar Index (DXY), an…

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Gold

November 24, 2023445Views 0Likes 0Comments

Gold prices below $2,000, but seasonals remain favorable

Although gold remains stuck below $2,000 an ounce, some analysts remain optimistic that all-time highs are an achievable target by year-end or into the new year. In quiet holiday trading, spot gold prices have stabilized Thursday at an elevated level, last trading at $1,992.20 an ounce, up 0.15% on the day. Analysts are not expecting to see much of a rally…

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FED Gold Platinum Silver

November 23, 2023537Views 0Likes 0Comments

Industrial Demand for Platinum Driving Significant Supply Shortfall

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Gold

November 23, 2023498Views 0Likes 0Comments

Gold prices are headed for all-time highs and could eventually hit $2,500, Fundstrat says

Gold prices are headed for all-time highs, according to Fundstrat's Mark Newton. A move above $2,009.41 per ounce should lead to the $2,060-$2,080 range, he said in a note. The technical analyst also has an "intermediate target" for gold to reach $2,500. This Thanksgiving may call for a feast on gold as prices push towards all-time highs, according…

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Gold

November 22, 2023553Views 0Likes 0Comments

Gold Price Forecast: XAU/USD soars to $2000 as US yields decline, eyes on FOMC

In Tuesday's trading session, the Gold spot price XAU/USD experienced a remarkable surge, breaking the $2,000 barrier and seeing a 1.40% increase. This notable performance was primarily driven by the downdraft in US yields, often seen as the opportunity cost of holding non-yielding metals and by a weak US dollar. Today’s highlight will be the Federal…

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Gold

November 22, 2023526Views 0Likes 0Comments

Gold prices trying to hold $2,000 level as the Federal Reserve signals interest rates will remain in restrictive territory

The gold market is off its highs and struggling to hold above $2,000 an ounce as the Federal Reserve signals it will keep interest rates in restrictive territory for the foreseeable future. According to the minutes from the central bank's November monetary policy meeting, the Federal Reserve is maintaining a slight tightening bias. Although the Fed…

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Gold, silver hit multi-week highs on weak USDX, bullish charts

XAU/USD climbs above $2,000 on the weaker Dollar, focus on the US GDP, PCE data

Gold prices below $2,000, but seasonals remain favorable

Industrial Demand for Platinum Driving Significant Supply Shortfall

Gold prices are headed for all-time highs and could eventually hit $2,500, Fundstrat says

Gold Price Forecast: XAU/USD soars to $2000 as US yields decline, eyes on FOMC

Gold prices trying to hold $2,000 level as the Federal Reserve signals interest rates will remain in restrictive territory

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