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2020-07-03

Gold declined more than $40 after hitting a 7-year high $1789.

 The slight strength in the US dollar and positive economic data is putting pressure on the yellow metal. The U.S…

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2020-07-02

Gold dropped from a near eight-year high on Wednesday as equities gained on the back of encouraging U.S. manufacturing data and rising hopes for a potential COVID-19 vaccine.

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2020-07-02

Peter Cardillo, chief market economist at Spartan Capital Securities he said, “Gold is continuing to rise reaching new historic levels setting the stage for $2,000

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2020-07-01

Gold staged a dynamic rally with August gold futures trading to a high today of $1804

 This is the highest intraday high since 2012. Although gold is trading at $1799.20, just below $1800, our technical studies…

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2020-06-29

The number of new cases in the U.S is increasing sharply .Gold has formed a temporary top around $1779.50 and is currently trading around $1773.50.

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2020-06-28

Gold is looking at another volatile week with an attempt at breaching the $1,800 an ounce level.

The yellow metal is wrapping up a very exciting trading week after seeing prices hit 7.5-year highs and climbing to…

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2020-06-25

Gold has shown a minor decline after hitting 8- year high at $1779. The minor sell-off was due to strength in the US dollar.

 The investors are switching into safer assets like Gold on fear of the second wave of coronavirus. The dip in…

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2020-06-24

Gold prices rallied to its highest level since October 2012 ounce US$ 1,778

 as worries over a jump in coronavirus infections and hopes of more stimulus measures to combat the economic fallout boosted…

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2020-06-23

,Goldman Sachs raised projecting that gold will reach $1800 by the fourth quarter of 2020

With the current accommodative monetary policy and interest rates near zero by the Federal Reserve, the US Treasury Department’s $3…

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2020-06-23

Gold futures basis August up by $12.80 and fixed at $1765.80. This closing price is the highest price since October 2012

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2020-06-22

Gold showed a massive recovery of more than $50 from the previous week's low of $1704. The increase in the number of new coronavirus cases,

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2020-06-18

The International Labour a 6.7% loss of jobs globally will occur in the second quarter of 2020, which is equivalent to 195 million full-time jobs.

The combined geopolitical unrest and global economic fallout from the pandemic, and the potential for the U.S. dollar to fall…

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2020-06-16

Gold has recovered sharply from low of $1704 and jumped till $1732.90 . The risk aversion due to fear of the second wave of coronavirus

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2020-06-15

Dow Jones futures losses close to 900 points

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2020-06-15

chance of the second wave of coronavirus, especially in the US and China

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2020-06-14

Fears of a new wave of coronavirus cases added to the grim economic outlook from the US Federal Reserve will support gold prices when markets open today

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2020-06-12

Gold prices are expected to exceed $ 1,800 an ounce by the third or fourth quarter of this year,

 with near-term signals remaining bullish as the Federal Reserve announced on Wednesday that interest rates remain near zero until 2022…

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2020-06-11

On the worst trading day since last April, the Dow Jones is down more than 1,000 points and gold continues to rise at $ 1744 an ounce

On the worst trading day since last April, the Dow Jones is down more than 1,000 points and gold continues…

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2020-06-11

Gold prices declined as investors booked profits after prices rallied to a more than a 1-week high on soft economic projections .

The Fed policymakers predicted the U.S. economy would shrink 6.5 percent in 2020 and unemployment would still be at 9.3…

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2020-06-11

The most important statement made by the Fed of this meeting was does not plan to raise interest rates until 2022. Interest rates will stand at near zero.

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2020-06-10

The Fed members will meet today as they focus on the current monetary policy of the United States.

As always, their meeting will end on Wednesday at 9 PM. Current interest rates are expected to remain unchanged at…

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2020-06-09

resistance is around $1706, any indicative break beyond targets $1721/$1726/1745. Significant trend continuation if it surges past $1765.

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2020-06-09

Gold prices rose amid fears of a deep economic fallout from the coronavirus crisis, while investors focused on the U.S. Federal Reserve meeting .

 Spot gold was trading  up at $1609, having touched a low of $1,670.43 on Friday, its lowest since April 21. 

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2020-06-08

European shares drop in early trading, following up on Corona virus developments and anti-racist demonstrations

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2020-06-08

Gold prices after tumbling to a more than 1-month low in the last session on an unexpected jump in U.S. employment .

Spot gold was trading 0.2 percent up at $1694 per ounce , having touched a low of $1,670.43 on Friday,…

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2020-06-06

the U.S. Labor Department released the jobs report for May

The numbers showed an incredible jump of 2.5 million individuals that were added to payrolls and a drop of the…

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2020-06-05

Gold prices rebound after dropping briefly below $ 1700 and waiting for the US jobs report later today and it will have an impact on gold pricing in the short term

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2020-06-04

Acquisition of gold backed ETFs globally to a record high

Acquisition of gold backed ETFs globally to a record high The data revealed that the flows of globally traded index…

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2020-06-04

Gold showed minor recovery of more than $15 from yesterday's low of $1689.58 on renewed US-China trade tensions.

US President Trump ordered to halt Chinese airlines from operating passenger flights to the U.S. The demand for Safe-haven assets…

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2020-06-02

futures pricing. Currently August futures are up $3.00 (+0.19%) and fixed at $1753.40

It is obvious that the renewed tension between the United States and China regarding the trade war and situation in…

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2020-06-01

Gold showed a nice recovery of more than $50 from a low of $1693.80. The sell-off in the US dollar and stimulus program of various Central banks are supporting the gold and is currently trading around $1739

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2020-06-01

Gold continues to climb

The most active August 2020 gold futures are $ 14.70 (+ 0.85%) and is currently fixed at $ 1743 an…

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2020-05-31

Global markets await opening in light of global crises ...

A curfew is declared in Los Angeles, Philadelphia, and Atlanta after ongoing riots, the army landing in some areas, and…

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2020-05-31

As a result of Corona virus and economic situation make the clock rush to fill American gold coffers

As a result of Corona virus and economic situation make the clock rush to fill American gold coffers Gold has…

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2020-05-28

The immediate resistance is around $1726, any indicative break beyond targets $1740/$1755/$1765. .

Significant trend continuation can be seen only if it surges past $1765, a jump till $1800 

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2020-05-28

Gold returns with prices above $ 1700 an ounce

Gold has once again gained above $1700 due to unrest in Hong Kong has increased demand for Safe-haven. China proposed…

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2020-05-26

White House Economic Adviser Larry Kudlow said that the Chinese authorities are making a serious mistake in Hong Kong by seeking to implement the National Security Law.

Any tensions between the two countries affect positively the prices of the yellow metal

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2020-05-26

Scotiabank Bank announced the closure of its metal business and its activity in bullion markets

Scotiabank Bank announced Scotiabank Bank announced the closure of its metal business and its activity in bullion markets  , As…

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2020-05-26

Russia is constantly working to accumulate gold in its national reserves

Russia is constantly working to accumulate gold in its national reserves, which amounted to $ 566 billion on May 1.…

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2020-05-21

The minutes of the FOMC meeting strongly support the gold price.

Yesterday the minutes from the April FOMC meeting were released. They indicated that Federal Reserve members discussed being more transparent…

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2020-05-20

It will likely jump up to $ 1,800

Gold recovered over $ 25 after hitting a low of $ 1726.62.  The weak US dollar and the fear of…

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2020-05-18

Gold rose to the highest in more than seven years 1764 $ / ounce

Gold rose to the highest in more than seven years after the Federal Reserve said stocks and asset prices could…

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2020-05-17

BofA Raises Gold Target to $3,000 as ‘Fed Can’t Print Gold’

low interest rates, mine disruptions and “fanatical debasement of money by all of the world’s central banks” would lead gold…

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2020-05-15

Gold reaches its highest level in more than 4 weeks with the escalation of tension between # America and China and reaches levels of $ 1751 an ounce

Gold reaches its highest level in more than 4 weeks with the escalation of tension between # America and China…

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2020-05-15

Gold at $ 1750 an ounce and Corona virus inflicts major global losses of $ 8.8 trillion

Gold at $ 1750 an ounce and Corona virus inflicts major global losses of $ 8.8 trillion

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2020-05-15

Trump: We will not differentiate the trade deal with China, and the safe haven is rising

Trump: We will not differentiate the trade deal with China, and the safe haven is rising

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2020-05-14

US stocks open lower for concerns about the economy and the trade and gold war at $ 1735 an ounce

US stocks opened lower Thursday, as investors struggled with protracted economic weakness due to the outbreak of the Corona virus,…

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2020-05-14

Gold prices up to $ 1735 an ounce

The United States is to release data on jobless claims for last week later in the day, amid expectations that…

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2020-05-14

Wall Street falls sharply on dismal data, US-China tensions

Wall Street falls sharply on dismal data, US-China tensions

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2020-05-14

Russia fills coffers with gold & adds $2.5 billion to reserves during coronavirus peak

Russia fills coffers with gold & adds $2.5 billion to reserves during coronavirus peak

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2020-05-13

Gold is going up today 1718 all the indicators are positives US Dollar index – S&P500;- US Bond yield

Gold is going up today 1718 all the indicators are positives  US Dollar index – S&P500- US Bond yield  The…

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2020-05-08

Gold gains of 2.29% . today Labor Department’s jobs report probability that we will see a continuation of higher pricing

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2020-05-07

US private-sector jobs data shows that the US economy has lost 20.2 million jobs in Apr, worst since 2002.

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2020-05-05

Treasury plans to borrow a record $3 trillion this quarter

Yestrday the Treasury Department reported that it expects to borrow $3 trillion this quarter (second quarter) to pay for the…

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2020-05-04

Gold gained nearly 1 percent on Friday after U.S. President Donald Trump threatened to impose tariffs on China

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2020-05-02

Gold futures basis the most active contract month (June) gold futures are fixed at $1708.40

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2020-05-01

gold is declined by $50 in the last four trading days

 The fact that gold is declined by $50 in the last four trading days while we have a global economic…

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2020-04-30

The Federal Reserve ended this month’s FOMC meeting, and the Federal Open Market Committee pledging to maintain interest rates where they are, near zero for as long as needed.

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2020-04-28

Gold is trading weak after hitting a high of $1739 on strong US dollar and jump in global stock market and is currently trading around $1698.

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2020-04-24

Gold has once again declined after hitting a high of $1735. The surge in the US dollar index is putting pressure on yellow metal at a higher price. The major factors

Coronavirus: US Market: Dow Jones and S&P500 lost more than 2.5% due to increasing Coronavirus.   Bond Yield US 10-year…

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2020-04-23

Gold has shown a good jump of more than $50 after hitting a low of $1661 It is good to buy on dips.

The immediate resistance is around $1725, any indicative break beyond targets $1750/$1799.  

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2020-04-20

The immediate resistance is around $1700, any indicative break above targets $1725/$1740. It is good to buy on dips

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2020-04-20

Gold has lost more than $70 from a previous week of high $1747 on a slight surge in the global stock market. It hits a low of $1671.60 . The major factors are

 Coronavirus The total number of people infected due to coronavirus rose to 2407414 with the U.S is in the top…

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2020-04-19

Gold fell as much as 2% on Friday after President Donald Trump’s new guidelines to re-open the U.S

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2020-04-15

Gold soared nearly 2% $1,748 per ounce to hit its highest since late 2012

with investors rushing to the safety of bullion as the coronavirus ravaged economies worldwide and triggered the rollout of huge…

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2020-04-14

Gold prices edged higher to hit a more than one-month peak on Monday, on concerns about the global economic damage from the coronavirus.

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2020-04-08

Gold futures have declined more than $70 after hitting year high at $1742. The decline was mainly due to profit booking

The immediate resistance is around $1700, any indicative break beyond targets $1725/$1740. It is good to buy on dips

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2020-04-07

Gold breaks neckline of inverse head and shoulder in futures chart, jump till $1800 likely

Gold has shown a massive recovery of more than $100 from yesterday's low of $1638. Global stock market rallies sharply…

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2020-04-06

The immediate resistance is around $1645 and indicative break above targets $1660/$1680. It is good to buy on dips

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2020-04-06

Gold jumped till $1632.90. The recovery came due to Safe-haven demand and weak US jobs data. while the unemployment rate jumped to 4.4% vs 3.8%.

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2020-04-02

Gold is consolidating in a narrow range between $1600 and $1572 for the past two trading days. The yellow metal is struggling to trade above $1625 (trend line resistance) and $1640 level

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2020-04-01

On the higher side, immediate resistance is around $1600 and indicative break above will take the gold till $1625/$1645

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2020-04-01

Gold has lost more than $70 after forming a temporary top around $1645.The slight improvement in Chinese data and dollar strength is putting pressure on the yellow metal.

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2020-03-25

The US Congress and the White House agree on a two-trillion-dollar plan to tackle the Corona virus

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2020-03-25

Gold has shown a massive jump of more than $80 yesterday on hopes of stimulus from the US government.

US stocks surged more than 10% with Dow Jones 20704 (11.37%) and S&P500 2447 (9%). The jump in the market…

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2020-03-18

Gold recovers sharply more than $80 from low of $1451on safe-haven demand, good to buy on dips

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2020-03-17

Gold lost more than $250 after hitting a high of $1703 despite easing by major central banks.

 The spread of coronavirus has forced investors to sell gold and raise cash. The yellow metal declined 12% in a…

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2020-03-12

stock sink on virus resposne concerns

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2020-03-11

BOE cuts rates 50 BPS to .25 %

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2020-03-10

Dollar falls as risk appetite worsens on coronavirus shock, Oil price crash, Gold retreats, Oil plunges 25%

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2020-03-09

US credit market fear gauge surges most since Leman collapse

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2020-03-09

stocks pare deepest losses oil in freefall

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2020-03-09

11year bull market in jeopardy stock open after halt

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2020-03-09

oil suffers worst loss since 1991 gulf war

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2020-03-05

Global yields continue decline

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2020-03-04

Gold has surged sharply more than $50 after Fed's surprise cut. US Central bank cuts rates by 50 bps emergency, the first time since 2008.

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2020-03-03

Fed cuts rate 50 bps say virus pases evolving risks

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2020-03-02

Gold has lost more than $100 pips previous week after hitting a 7-year high. The decline was mainly due to profit booking.

Technically, it is facing strong support at $1580 (7- W EMA) and any close below targets $1563/$1538.

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2020-02-24

Dow Jones sharp drop of more than 900 points due to the impact of the Corona virus on the global economy

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2020-02-23

Chinese President: Corona is the most serious health emergency since 1949

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2020-02-23

Italy puts 11 cities under closure due to an outbreak of Coruna virus

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2020-02-22

Gold jumped more than 1.5% on Friday to its highest level in seven years as investors rushed to the metal’s safety due to concerns over the global economic fallout from the fast-spreading coronavirus.

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2020-02-20

Total number of death increased to 2118 The spread of coronavirus is expected to impact global growth, . The yellow metal is holding above $1600 and is currently trading around $1609

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2020-02-18

conrnavirirus hits Apple revenue target

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2020-02-12

Gold is trading in a narrow range between $1560 and $1577 for the past 3 trading days. The major factors affecting the yellow metal are

 Global stock market- US markets are trading at an all-time high and jumped more than 2% this week despite the…

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2020-02-10

Gold prices rising concerns over the severity of the coronavirus outbreak and its impact on the global markets. having touched a low of $1547.55 on Wednesday.

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2020-02-05

The total number of death has increased to 500 with no symptoms of a slowdown

According to China's health commission, nearly 65 people have died yesterday and the number infected rose by 3887 to 24234.…

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2020-02-03

Chinese markets closed down more than 7% to the lowest level since 2015 and stock market losses exceed $ 400 billion

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2020-02-03

China cuts interest rates and pumps billions of dollars of liquidity into the market to maintain it, and the number of fatal corona fires rises to more than 360

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2020-02-02

Corona death toll rises to 304, and Apple temporarily closes all its stores and offices

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2020-01-30

coronavirus death toll hits 170. and facebook shares slump

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2020-01-30

Gold has recovered sharply on the fast-spreading of coronavirus across various countries.

Most of the death has been from Wuhan and province of Hubei. US Fed has kept its rates unchanged at…

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2020-01-29

Hong kong: on high alert coronavirus

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2020-01-27

Gold spikes up in opening hours on Monday and touches $1,588.China: warns virus spread increasing. key resistances are seen at $1,588, $1,597 and $1,611

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2020-01-25

The Chinese President: He says the spread of the Corona virus is accelerating and the country is facing a dangerous situation

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2020-01-23

China takes action to shut down two cities after the spread of the Coruna virus

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2020-01-23

The coronavirus has spread more than 20 countries and it might impact the economic growth of China. The buying in gold is expected at lower levels as demand for Safe-haven assets will increase.

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2020-01-21

The International Monetary Fund cuts its forecasts for world economic growth in 2020 and gold rises

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2020-01-20

Gold is trading slightly flat after minor recovery till $1562.02 on declining bond yield.

The near term resistance is around $1575, any break over targets $1588/$1600. 

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2020-01-18

Gold closed higher on Friday as chronic shortage of the metal in the market

Gold edged 0.3% higher to $1,557.64 per ounce, and  gold futures rose 0.4% to $1,557.64

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2020-01-16

Gold recovered more than $20 from low of $1536 on weak US dollar and declining bond yield.

Gold recovered more than $20 from low of $1536 on weak US dollar and declining bond yield. The yellow metal…

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2020-01-15

US Treasury Secretary: Customs tariffs on China will remain until after the US elections

Gold rises after the statement of the US Treasury Secretary that the tariffs on China will remain until after the…

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