Gold

Gold remains range-bound around the $1,770 level for the better part of the European session and even now as we approach the close of the session. Meanwhile, strategists at TD Securities have opined that the yellow metal will likely surpass the $1,800 mark as inflation-hedge assets gain popularity. According to the strategists, gold is on […]

Gold (XAU/USD) remains in a consolidation range around $1,724-30 as we head into the early hours of the European session. The yellow metal has recovered well from an intraday low on the back of fresh US-China tensions. Apart from the US-China disagreements, fears over a second wave of the Covid-19 outbreak are heavily influencing the […]

The extraordinary 12-month gold-price bull run shows no sign of ending. Despite predictions of a bubble set to burst, the yellow metal has risen by 36% during the past 12 months. There was a slight slip this morning as the price lost 1.23% in early trading to stand at $1,735.25 an ounce. But the pattern of recent […]

Global gold mining company AngloGold Ashanti has reported an improved first-quarter cash flow from operating activities as key mines delivered solid performances, despite it losing 11,000 ounces of production due to coronavirus affecting its operations. With operations in Brazil, Argentina and South Africa coming to a halt, total production fell to 716,000 ounces in the […]

Commodity trading is the oldest form of trading there is. It has been around for centuries, and it is rooted in agricultural trading, such as the buying, selling and exchanging of grain and animals. Other commodities include precious metals or natural resources such as silver, copper, cotton and aluminium. Those wanting to invest in commodities […]

Gold prices have had a terrific week, and from the weekly low, the price was at one point up by 70.46 dollars per contract. Since the summer of 2019, I have been bullish, and I said back then that the price could reach $1700 following the triggering of a large inverse head and shoulders pattern. […]

XAUUSD Price Analysis – February 14 Gold did not have a strong directional inclination and traded in a limited exchanging band around the $ 1,575 level during the early European session on Friday. The blend of separating powers couldn’t give any new catalyst or support the valuable metal to build up a positive shift of […]

XAUUSD Price Analysis – February 7 The increasing tension in the Coronavirus crisis could push gold upward, trying to reach the $ 1,575 level. The yellow metal strengthened despite stock market growth following the publication of economic data that exceeded expectations. However, the mood for assets at risk improved significantly as fears of coronavirus eased […]

XAUUSD Price Analysis – January 10 Gold rose in price in response to the grim release of NFP in the US, although it lacked a strong follow-up from buyers and stayed within the trading range of the previous session. Over the past 24 hours, the yellow metal has been trading in a limited trading range […]

Middle East tensions continued to flare over the weekend, resulting in some impressive gaps to further underscore the risk-off start to 2020. In response to the US airstrike which killed two senior pro-Iranian officials, the Iraqi parliament voted to dispel foreign troops, in a move which would make US presence in Iraq an occupation (an invasion). There […]