David_Market

David_Market Updated 

The price of gold (XAU/USD) gained momentum, surpassing the psychological $2,000 mark in early Asian trading on Monday. The precious metal climbed above $2,000 for the first time since <> as heightened political tensions boosted demand for safe-haven assets. Meanwhile, the US Dollar Index (DXY), a measure of the USD against a basket of global currencies, hovered...

David_Market Updated 

Gold prices (XAU/USD) fluctuated below $1,990 as the weakening was offset by escalating tensions in the Middle East. The upward momentum was limited by more optimistic economic data from the US, particularly strong 3rd-quarter Gross Domestic Product (GDP) and Durable Goods Orders. However, this precious metal remained relatively unchanged despite the release of...

David_Market

Gold has surged back above the $2,000/ounce threshold as risk-averse investors seek refuge amid growing concerns of a potential full-scale Israeli invasion of Gaza to root out Hamas militants. The most actively traded Comex Gold Futures for December delivery concluded the official trading session on Friday at $2,000.10 per ounce, marking a $10.00 increase or...

David_Market Updated 

Gold prices snapped a losing streak, trading higher around $1,970 per ounce during Wednesday's Asian session. The precious metal found support as the US dollar (USD) stabilized after recent losses. From a short-term technical perspective, gold appears to be in a 'buy' position. The 14-day Relative Strength Index (RSI) is just below overbought territory,...

David_Market Updated 

Gold extended its upward trajectory in early Asian trading hours on Thursday. Despite higher yields on US Treasury bonds, the precious metal continued to climb above $1,980 USD due to risk-averse sentiment. Increasing geopolitical tensions in the Middle East may drive safe-haven assets like the XAU/USD higher. Technical analysis on the daily chart for XAU/USD...