ziioo

ziioo Aug 23, 2023

XAU/USD’s latest run-up could be linked to the US Dollar’s retreat amid softer Treasury bond yields and slightly positive market sentiment.

ziioo May 31, 2023

The dollar retreated from 10-week highs amid some profit taking and in anticipation of the data. But an increasingly hawkish outlook on the Fed kept the greenback relatively underpinned, while darkening the outlook for non-yielding assets such as gold.

ziioo May 30, 2023

XAUUSD experienced a drop to its lowest level in two months last week. However, on Monday, the price per Troy ounce of gold is showing signs of recovery, reaching $1962.00 USD.

ziioo May 29, 2023

Gold bulls are still counting on another record high if the Chicken Little metaphor of saving the world — or more precisely, the U.S. economy, from a government debt default or recession — doesn’t come true. Yet, the path of least resistance for the yellow metal over the past three weeks has been lower.

ziioo May 26, 2023

Gold price attracts some buyers in the vicinity of the 100-day Simple Moving Average (SMA) and stages a modest recovery from the $1,937-$1,936 area, or over a two-month low touched the previous day.

ziioo May 25, 2023

marked pullback in gold prices was on the back of shrinking open interest, which hints at the idea that a sustained drop seems not favoured for the time being.

ziioo May 25, 2023

Gold Price holds lower ground as it prods bottom of short-term key trading range. Firmer US Treasury bond yields, US Dollar cap XAU/USD’s haven demand amid dicey markets.

ziioo May 24, 2023

gold prices came amidst shrinking open interest, which leaves the prospects for extra gains somewhat curtailed in the very near term.

ziioo May 24, 2023

The dollar index, which measures the greenback against six other major currencies, was up 0.15% at 103.17, hovering below last week's high of 103.63

ziioo May 24, 2023

It should be observed that the market sentiment remains sluggish ahead of the US debt ceiling talks and Minutes of the latest Federal Open Market Committee (FOMC) Monetary Policy Meeting.

ziioo May 23, 2023

XAUUSD defending its immediate support of $1,970.00 in the Asian session. The precious metal has dropped firmly as the Federal Reserve (Fed) policymakers are confident that more interest rate hikes by the central bank are in the pipeline in the fight against stubborn United States inflation.

ziioo May 22, 2023

Fed Chair Jerome Powell’s tone, citing the banking fears as the catalysts to ease the pressure for higher rates, also allows the XAU/USD to grind higher.

ziioo May 19, 2023

Gold price gains some positive traction on Friday and snaps a three-day losing streak to the $1,950 area, or the lowest level since early April touched the previous day.

ziioo May 19, 2023

Technical Confluence Indicator, the Gold price defends the previous day’s downside break of the $1,975 support confluence despite the latest inaction around the multi-day low.

ziioo May 18, 2023

Prices of gold extended the corrective decline on Wednesday amidst shrinking open interest and volume, indicating that extra weakness appears not favoured for the time being. So far, the yellow metal is expected to face a solid contention area around $1970 per ounce troy.

ziioo May 17, 2023

Silver enters a bearish consolidation phase on Wednesday and oscillates in a narrow trading band around the $23.70-$23.75 area, just above its lowest level since April 3 touched the previous day.

ziioo May 17, 2023

Tuesday’s marked retracement in gold prices was on the back of diminishing open interest and suggests that extra weakness seems unlikely for the time being. The commodity, in the meantime, is expected to meet the next support of note around $1970, where coincides lows seen in the second half of April and the temporary 55-day SMA.

ziioo May 16, 2023

Gold price (XAU/USD) is continuously delivering a sideways performance as investors are looking for potential cues for decisive action. The precious is showing sideways auction below $2,020.00 ahead of the outcome of United States debt-ceiling talks between Republican leaders and the White House.