GOLD PRICE FORECAST Gold prices lack direction, languishing near the lowest level since August 29, as traders await new data The August U.S. inflation report, due for release next Wednesday, may be an important catalyst for precious metals This article looks at key XAU/USD’s technical levels that may come into play in the near term
Gold price pause droping today , it touch the Boll bands middle line, because the USD Index still at a very strong situation, the market data shows that the FED is still gona raising interest rate in near future. As the USA finacial data is so strong. such as the USA PMI raise to 54.5,
The US data has started to miss expectations in the past few weeks which gave Gold a tailwind as it’s sensitive to interest rates expectations. In fact, we saw the market repricing expectations on the more dovish side with no more rate hikes expected and rate cuts starting to be priced as soon as June
Share: Gold Price pares recent losses at weekly low after five-day losing streak. XAU/USD bears the burden of strong US Dollar, China woes. Mostly upbeat United States data, Federal Reserve talks propel yields, US Dollar and weigh on the Gold Price. Risk catalysts, mid-tier US data and Fed signals eyed for fresh impulse
GOLD OUTLOOK & ANALYSIS Higher oil prices & global growth concerns push USD higher. US ISM services PMI’s in focus later today. Cautious gold traders look to fundamentals for guidance. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL FORECAST Gold prices are under threat of another collapse as reflation fears have been
Gold, XAU/USD, Treasury Yields, TIPS, Real Yields, BRIC, Gold Hoarding – Talking Points The gold price is struggling to break the range as hurdles are ignored for now More important than elevated Treasury yields, real yields have been strengthening BRIC nations might be eyeing gold for alternative purposes. Will it drive XAU/USD north? Trade Smarter
XAU/USD, XAG/USD PRICE FORECAST: MOST READ: US Dollar Forecast: DXY Poised to Extend Rally Despite Suggestions the Fed May be Done Gold remained on the front foot in the Asian session before a pullback this morning following the European open. The precious metal is attempting to reclaim the $1950 handle as commodities eye gains on
Share: Gold price juggles below the $1,950.00 resistance as the focus shifts to the US Services PMI. US markets will remain closed on Monday on account of Labor Day. Cooling labor market conditions boost the Fed’s hopes of a soft landing. Gold price (XAU/USD) traded back and forth from the past four trading
First of all a reminder: US and Canadian cash markets will be closed today because of the Labour Day celebration, obviously resulting in diminished flows this afternoon. Going back in chronological order, APAC is led by the excellent performance of the China50 and especially Hong Kong where a surge on real estate stocks helped the
Share: Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. Gold price attracts fresh buying on
