Gold Flirts With $1400

This morning gold pricing opened underneath pressure immediately buying and selling to its lowest rate factor these days at $1387.50. By eleven:00 AM EDT gold fees had risen slightly above $1400 in step with ounce as it hit the intraday excessive nowadays of $1402.40 and as of 5:00 PM EDT gold futures foundation the most […]

Gold Price Forecast – Gold markets rally on Powell statement

The Gold markets initially fell all through the buying and selling consultation on Tuesday but discovered sufficient support beneath the $1400 stage to drastically. This turned into based totally upon the prerelease assertion from Jerome Powell beforehand of his congressional testimony. Gold markets, to begin with, pulled back during the buying and selling consultation; however, […]

TDS: Powell Prepared Remarks Underpin Gold

Prepared feedback for Congress from Federal Reserve Chairman Jerome Powell have underpinned gold charges, stated TD Securities. “While the bar was low for the Fed chair to fulfill the market’s expectancies, the fact his organized comments beat market expectancies have to preserve gold charges anchored north of the $1,400/ozmark, as he opted to look beyond […]

Fed’s Powell Pours Cold Water On The Idea Of a New Gold Standard

  (Kitco News) – Federal Reserve Chair Jerome Powell poured a few cold waters on the concept of the U.S. Embracing a brand new gold popular, telling Congress that it’s now not a great concept. His feedback got here following renewed cognizance on a brand new gold trendy after one proponent of the idea turned […]

Gold Price Has New Targets: Ceiling At $1,440, Hard Floor At $1,350 — Scotiabank

(Kitco News) – A most essential macro shift has prompted gold’s breakout in June, which has brought about the metal’s “cyclical repricing” with the new ceiling set at $1,440 an oz and a brand new steep ground at $1,350, consistent with Scotiabank. “Gold’s sharp repricing in June, in both US$ terms and as opposed to […]

Gold technical analysis: Bulls can look in advance to the 1440 key resistance

Gold costs have observed better grounds following a drop inside the Dollar on expectancies of the Fed reducing costs. The DXY index become trading 0.Four% lower Wednesday at ninety seven.08. Gold prices had left a bullish pin bar at the charts. Overnight, the bullish engulfing candlestick become left and has been cementing a bullish outlook […]