Possibly Exhausted Gold Price above $2,020, Anticipating Key Data
The bullish bias in the gold market remains as long as the price stays above the lower median line (LML) of the ascending pitchfork. A new lower low, however, would invalidate this...
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Rising Demand in India and China
As two of the largest gold-consuming nations, India and China play a significant role in the trajectory of gold prices. Although gold prices have dipped slightly since the start of 2024, it...
Caution Reigns as XAU/USD Trims Friday’s Gains – Market Update
The current price of XAU/USD is $2,023.93. This week, the United States has a busy calendar with various economic data releases and central bank announcements. Wall Street continues to see gains due...
Latest Update: Gold Prices Drop by Rs600 Per Tola in Pakistan’s Markets
Gold prices in Pakistan experienced a decline on Monday, mirroring the trend in the international market. The cost of the yellow metal dropped by Rs600 per tola, settling at Rs214,700. Similarly, the...
XAU/USD Market Analysis: 22/01 – Identifying Selling Patterns
The current trend in the price of gold is not where it used to be. The price of gold has shown some inconsistency in recent weeks and market analysis is suggesting that...
Gold prices dip as investors delay expectations for Fed rate cut until May
The price of gold faces pressure as hopes for an interest rate cut by the Federal Reserve have been postponed to May. Fed Daly emphasized the need to calibrate interest rates moves...
Gold price rebounds after hitting five-week low. Is it a good time to buy?
Gold prices saw a significant rebound after hitting a five-week low of ₹61,400 per 10 grams last week. The precious metal bounced back on speculations about a US Federal Reserve interest rate...
Gold prices reach a 10-day low, impacting the market
Gold prices hit a 10-day low on Monday, with Saigon Jewelry Company's gold bar price dropping 1.04% to VND75.95 million ($3,096.21) per tael, the lowest level since January 12. Conversely, the gold...
Decreasing gold prices as traders reduce bets on early Fed rate cut
Gold price saw a decline on Monday, ending a two-day winning streak as the expectation of a rate cut by the Fed in March reduced, leading to selling pressure for the XAU/USD....