Gold extends slide to $1,334 as USD remains strong

Gold accelerated to the downside, down $20 from last week highs.  Stronger US Dollar continues to be the main driver.  Gold dropped further and bottomed at $1,334.95/oz, the lowest level since last Friday. It was hovering near the lows still under pressure. From Wednesday’s hig ...

Global oil demand growth to remain strong this year – Goldman Sachs

In its latest client note, analysts at Goldman Sachs delivered their optimistic expectations on the global oil demand growth for this year. Key Quotes: “We believe that the combination of strong developed markets momentum and accelerating emerging markets growth will combine to keep oi ...

Gold: Bull breakout remains elusive as Treasury yields spike

Gold struggles to find acceptance above $1,350. USD better bid, tracking a rise in the treasury yields. Gold (XAU/USD) faded spike to $1,354 yesterday as the rise in the treasury yields put a bid under the US dollar. As of writing, the yellow metal is changing hands at $1,342/Oz, representing ...

Gold sheds over $10.00 on renewed dollar’s demand

Base metals strengthen on the back on easing geopolitical tensions, fears of shortfalls. Pressure on gold will likely be temporal, and hardly a game changer. Dollar's sudden strength is affecting all of its major rivals and not just currencies, as gold prices have shed over $10.00 in ...

Gold trying to get above $1,355 as uncertainties on Russian sanctions linger on

The uncertainties about Russian sanctions keep the yellow metal in the $1,350 region. Bulls have a hard time to break above $1,355 in what might be a crowded trade.  Gold is trading at around $1,348 a troy ounce, virtually unchanged on Thursday as the market is slowly grinding higher bu ...

Gold lacks direction for Thursday, looking both ways near $1,350

Gold bulls just can't seem to break past the top of 2018's range, setting up for another rejection. Indecision candles are marking the Dailies, reversal play setting up once again. Gold is hesitating near the 1,350.00 level as markets try to make up their mind about which direction t ...

Gold bulls aim to retest the 1,366.00 region

Base metals keep rallying on easing geopolitical concerns. Gold supported by Fed's dot plot, dollar's weakness. Gold prices retake the upside and stand at their highest for the week, with spot trading at around $1,350.00 a troy ounce after hitting a daily high of 1,355.58. Base metal ...

Gold higher on the day, above 1,350, shrugs-off the risk-on trade on Wall Street

Gold is up 0.3% on Wednesday, propped up by technical buying despite risk-on mood. Risk appetite persists with the stellar earnings season on Wall Street and a firmer US dollar. The geopolitical tensions between the US and Syria, Russia and China are still present but the stock market focus o ...

Nervous Goldilocks returns as PBoC eases & US-North Korea open talks – ING

In a welcome breather from the mercurial President, global markets have found solace in the PBoC’s surprise cut to its reserve requirement ratio (note Chinese banks may end up using most of the extra liquidity to pay off their more costly MLF loans), explains Viraj Patel, Research Analyst a ...

Gold dropping as markets recover, falling from 1,350.00 once again

A bidding USD and recovering stocks are sending Gold lower for Wednesday. A lack of fundamentals is keeping the precious metal tied tightly to 2018's range. Gold prices are slipping in Wednesday's early session as the US Dollar hangs onto gains fueled by improving US housing start ...

USD/JPY: Sell the rallies circa 108.06/15? – Goldman Sachs

Analysts at Goldman Sachs offer a technical outlook for trading the USD/JPY pair in the coming months, having applied the Elliot wave analysis. Key Highlights: “USDJPY is approaching strong resistance ~108. The level to watch closely here is 108.06-108.15 As has been discussed at length i ...

Gold sidelined as risk-on prevails

Gold struggles to find a direction and is trading in a tight range between 1,337 and 1,350. The risk-on mood trade on Wall Street and a strong US dollar keep the yellow metal sideways. Gold is trading at around $1,343 a troy once inside Monday’s range.  Since the start of the week ...

Gold trims losses despite USD rebound, $ 1350 back in sight

Finds buyers once again near $ 1343 levels, as bulls look back to $ 1350. Will the bounce sustain amid higher European stocks/ risk-on? Gold futures on Comex are attempting a minor bounce from two-day lows of $ 1343.40, as the bulls continue to find support just ahead of the hourly 200-M ...

Gold dips in Asia as stocks rise

Gold is reporting moderate losses despite the flatter yield curve and weak USD. The uptick in the equities could be hurting the safe haven metal. Gold's (XAU/USD) is trading on the back foot amid risk-on action in the equity markets. As of writing, the yellow metal is changing hands a ...

Gold up for the day but limited by $1350

Gold higher despite risk appetite and US data.  A weaker US dollar supports the yellow metal.  Gold peaked after the beginning of the US session at $1,350.50/oz. It failed to follow through and pulled back. As of writing, was trading at $1,346 up modestly from Friday’ ...