Gold price has much more upside than downside risk
- Gold
- Platinum
- Silver
The gold market is trying to hold critical support around $2,010 an ounce as inflation pressures remain relatively unchanged from last month and in line with expectations.
Tuesday, the U.S. Labor Department said its Consumer Price Index rose 0.1% last month, following an unchanged reading in October. The data was slightly hotter than expected, as economists…
The US Core Consumer Price Index held steady at 4% YoY in November.
The Federal Reserve will announce its decision on monetary policy on Wednesday.
XAU/USD is poised to extend its decline in the near term, caution prevails ahead of Fed.
Gold prices changed little on Tuesday, with XAU/USD hovering around $1,980.00. The US Dollar…
As the economy has a direct connection to trader activity, the Gold price has been inching back to $2000 following the release of US inflation data. Currently, the metal is trading around the $1980 range, while reaching a daily high of $1998. Subsequently, the journey to break through the $2000 threshold will arrive after a…
XAU/USD continues decline that started last Friday, sheds $2,000.
Markets are coiling up in preparation for another round of US inflation, Fed rate call.
Fed interest rate forecast 'dot plot' to drive market momentum into the midweek.
Spot Gold saw further declines on Monday, slipping back below the $2,000 handle to ease into the $1,980 neighborhood as markets…
Gold and silver prices are down near midday U.S. trading Monday. A firmer U.S. dollar index and a slight rise in U.S. Treasury yields to start the trading week are bearish outside market forces for the metals markets. Both metals have also seen their near-term chart postures deteriorate recently, especially in silver. That’s inviting fresh technical selling. Gold…
The bigger the size of a given formation and the clearer it is, the more important the implications are.
Last week’s reversal in gold was enormous. Gold started the week by soaring to new all-time (nominal only, but still) highs, which was almost immediately followed by a move back down. And what a decline that was!
Gold’s…