Fx_Jack17

Fx_Jack17

After rising above $2,040, Gold reversed its direction and turned negative on the day near $2,030. Hawkish comments from NY Fed President Williams triggered a rebound in the US Treasury bond yields and made it difficult for XAU/USD to preserve its bullish momentum.

Fx_Jack17

Gold price (XAU/USD) trades with a mild positive bias for the third successive day on Friday, albeit lacks follow-through and remains below a one-and-half-week high touched the previous day. Against the backdrop of Friday's stronger-than-expected monthly jobs report, the upbeat US macro data released on Thursday pointed to a resilient economy and raised doubts...

Fx_Jack17

Gold price (XAU/USD) reverses an early European session dip to over a three-week low and climbs back above the $1,982 level in the last hour. Any meaningful appreciating move, however, still seems elusive amid the uncertainty over the Federal Reserve's (Fed) near-term policy outlook, which might hold back traders from placing aggressive directional bets. Hence,...

Fx_Jack17

Gold price (XAU/USD) reverses an early European session dip to over a three-week low and climbs back above the $1,982 level in the last hour. Any meaningful appreciating move, however, still seems elusive amid the uncertainty over the Federal Reserve's (Fed) near-term policy outlook, which might hold back traders from placing aggressive directional bets. Hence,...

Fx_Jack17 Updated 

The US Consumer Price Index, on a yearly basis, is expected to rise 3.1% in November, at a slightly softer pace than the 3.2% increase recorded in October. The Core CPI figure, which excludes volatile food and energy prices, is forecast to hold steady at 4% in the same period. The monthly CPI and the Core CPI are seen rising 0.1% and 0.3%, respectively. Oil...

Fx_Jack17

Gold prices are flat on Tuesday, with the US Dollar losing ground ahead of the US CPI release. Investors are awaiting US inflation data for more information about the Fed’s monetary policy plans.

Fx_Jack17

Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on the metal. What Do You Think About Gold Comment Down 👇

Fx_Jack17 Updated 

Gold price is extending its range-play into the fourth straight trading day early Friday, as investors prefer to stay on the sidelines before the release of the all-important Nonfarm Payrolls data later in the day.

Fx_Jack17 Updated 

Gold price (XAU/USD) attracts some buying for the second straight day on Thursday, albeit lacks follow-through and remains confined in a familiar range held over the past three days through the first half of the European session. The fundamental backdrop, meanwhile, seems tilted firmly in favour of bullish traders amid growing acceptance that the Federal Reserve...

Fx_Jack17 Updated 

Gold price is making a minor recovery attempt near $2,020 early Wednesday, replicating the move seen in Tuesday’s Asian trading. Risk sentiment appears to be in a tepid spot, underpinning the Gold price alongside a pause in the US Dollar upswing. The US Dollar has stalled its two back-to-back days of recovery even though markets have turned cautious after Moody’s...

Fx_Jack17 Updated 

The gold market attempted to catch its breath after a phenomenal day of trading yesterday. Registering a 5.42% round trip, the price of gold obliterated the prior swing all-time-high around $2081 only to retrace the move and end the day significantly lower. The RSI surged into overbought territory and has already recovered – highlighting the massive amount of...