Further upside on the cards
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CME Group’s flash data for gold futures markets noted traders added around 3.3K contracts to their…
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Browsing Tag
Metals
Gold trading: 10 interesting facts – Metals – 6 July 2023
Gold has been a valuable and sought-after commodity for centuries. Its shimmering beauty and rarity have made it a symbol of wealth and power. In addition to its aesthetic appeal, gold also holds significant importance in the…
Door open to further losses
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Open interest in gold futures markets extended the uptrend on Wednesday, this time rising by around…
XAG/USD rallies on soft USD ahead of FOMC minute’s release
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Silver prices climb for the fourth consecutive day, spurred by a weak USD and expectations of the…
XAU/USD holds steady, eyes recovery toward the 20/50-day EMA around $1930
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Gold price remains firm around $1920s, supported by falling US Treasury bond yields.
Resilient US…
XAU/USD to close a third consecutive week of losses
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Despite daily gains, the XAU/USD is set to close a third consecutive week of losses, near the $1,920…
XAG/USD gains ground following soft PCE data
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The XAG/USD jumped above $22.70, seeing more than 0.80% gains and is set to close a winning week.…
XAU/USD resilient despite Fed’s rate hike speculations on solid US data
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Gold price regains momentum above $1900 despite increased odds of Fed rate hikes.
US economic data…
XAG/USD struggles to reclaim ground, and turns bearish below the 200-DMA
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Silver price sees a minor gain of 0.50% but fails to reclaim the May 26 daily low, resulting in a…
XAU/USD rebounds amid recession fears, slowing global economic growth
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Gold recovers, rising 0.69% to $1926.30, amid global recessionary fears and faltering US bond…