XAG/USD hovers around $22.80, grapples with 50-DMA in lackluster trade

[ad_1] Share: Silver price seesaw from daily high of $23.69 to low of $22.88, closing at $22.81. Key resistance levels at 50-DMA of $22.94 and 200-DMA of $23.29 cap potential rally attempts. Downside support at $23.00, with further levels at the October 26 low of $22.44 and 20-day EMA of $22.21. Silver price

XAU/USD soars to $1982 post-Fed Powell’s dovish comments, tumbled the USD

[ad_1] Share: XAU/USD trades at $1971.15, marking a 1.24% gain. Fed Chair Jerome Powell’s comments at the Economic Club of New York led to expectations of no further rate hikes by the Fed. Powell states that policy is restrictive and emphasizes the need for careful policy setting. Gold price (XAU/USD) extended its gains

XAU/USD climbs to two-week high, fueled by falling US bond yields, post FOMC’s minutes

[ad_1] Share: Gold price ascends to a two-week peak at $1877.21, buoyed by declining US Treasury yields. Fed minutes reveal concerns over dual-sided risks to inflation and economic activity, influencing policy outlook. US producer-side inflation data and varied Fed official stances complicate the gold price trajectory. Gold price (XAU/USD) climbed for the second

Gold Futures: Further consolidation on the cards

[ad_1] Open interest in gold futures markets resumed the uptrend and rose by around 3.7K contracts on Tuesday, according to preliminary readings from CME Gro [ad_2] لینک منبع : هوشمند نیوز

Further gains on the cards

[ad_1] Share: CME Group’s flash data for gold futures markets noted open interest rose for the third session in a row on Friday, this time by more than 1K contracts. Volume followed suit and went up by nearly 64K contracts after two consecutive daily drops. Gold now retargets $1900 Friday’s marked rebound in

XAU/USD shines as US yields drop amid an upbeat market mood

[ad_1] Share: Gold prices see a recovery, achieving gains of 0.25%, driven by a reversal in US bond yields, with the 10-year note coupon dropping from a 16-year high of 4.51% to 4.44%. Federal Reserve officials express a cautious stance, emphasizing the need for patience despite the necessity for further rate hikes to

XAU/USD pulls back from two-week high as Fed’s decision looms

[ad_1] Share: Gold price hit a two-week high at $1937.35 before retreating to $1931.77, down 0.06%. US 10-year Treasury bond yield reaches a 16-year high at 4.367%, weighing on gold. Investors keenly await the Federal Reserve’s ‘dot plots’ and updated economic projections for rate hike clues. Gold price retreats after hitting a two-week

Gold Futures: Further recovery seems likely

[ad_1] Share: CME Group’s flash data for gold futures markets noted traders added just 835 contracts to their open interest positions on Friday, partially reversing the previous daily pullback. Volume, instead, kept the erratic performance well in place and shrank by around 8.8K contracts. Gold: Next on the upside comes $1953 Gold prices

Bulls recovered the 20 and 200-day SMA jumping to $1,923

[ad_1] Share: XAU/USD tallied 0.60% daily gains and jumped to a daily high of $1,930, then settled at $1,923. Bulls quickly recovered the 20 and 200-day SMAs at the $1,920 area after losing them at the beginning of the week. Indicators point to a bullish resurgence. At the end of the week, the

XAG/USD soars by more than 2% to close the week

[ad_1] Share: XAG/USD advanced by 2.20% to $23.20. The USD is trading somewhat soft on Friday ahead of the weekend. US yields and tightening expectations remain steady.  Michigan Consumer Sentiment from September declined to 67.7. At the end of the week, the XAG/USD Silver Spot price gained significant demand and increased to $23.15. On