Spiking Gold Outlook: Medium-Term Bearish & Long-Run Bullish
Gold prices this week sharply rose above $1,800 after a rally as high as $38.09.
Gold Market Sees Shakeout on Its Way
As expected in my earlier column titled Gold Prices Set to Decline on Vaccine Shocks, positive news of Covid-19 vaccines continues to hit gold prices.
Too Early to Short Gold Despite Demand Plunge
The recent positive news on the Covid-19 vaccine has weighed on the gold price, dragging it down to as low as $1,870 on Wednesday.
Gold Plummeted $100 amid Improving Market Confidence
On Tuesday, gold prices plunged to $1,850 as risk appetite grabbed a huge bid both on the positive news of Biden’s victory and Pfizer's Covid-19 vaccine and on the rising US Treasury yields.
Gold Waiting for Bullish Extension on a Biden’s Victory
Biden declared victory in the election and addressed the nation on Sunday. Market risk appetite was therefore lifted, boosting gold at the expense of the US dollar.
US Election Countdown: Will Gold Slump？
Trump recently acknowledged that the new round of stimulus bill which he pledged to achieve before the election seems to be impossible. In the wake of the news, gold retreated nearly 2%!
Losses in Gold Prices May Deepen with US Election Approaching
With less than a week to go until the US presidential election, Biden remains ahead of Trump in national approval rating. But investors may switch from gold to the US dollar amid uncertainties of the election.
Rejected "Skinny" Bill Drags Gold Down
Recently, gold prices once fell to $1,910 after hearing the Senate rejected another $500 billion Republican stimulus bill.
Advantages and the Best Way to Invest in Gold Market
There are advantages of investing in gold, especially when periods of crisis push investor sentiment to the extremes of risk aversion, making safe-haven assets the focus.
Limited Gains for Gold & Oil amid Foggy Stimulus
Recently, improving risk appetite across financial markets has bolstered both gold and crude oil.
Gold Tests Key Resistance After First Presidential Debate
Markets suspended in uncertainty ahead of the first U.S. 2020 presidential debate, which was held on September 29 local time.
Gold Swings with Enduring Buoyancy
Gold prices are sustaining the consolidation now, but may see a wedge/triangle pattern this month.
Gold Targeting $1,970 Under Short-Term Pressure
The U.S. dollar index slipped to a record low of 92.07 under pressure on Monday, spurring gold prices to faster growth and the attempt of $1,970.
Future Gold Market May Be Supported Despite of Volatility
Gold prices slumped to $1,910.19 in yesterday’s trading after an initial gain of $40, while U.S. Treasury yields jumped to 0.745% in the wake of the changes made by the FED to its framework for monetary policy.
Gold Poises for Bargaining Hunting ahead of Jackson Hole Symposium
All eyes turn to the annual Jackson Hole symposium this week, which may provide traders with trading opportunities: if central bankers send positive messages to the market, gold prices are expected to go down.
Conditions Poised for DXY Rally & Gold Pullback
Gold prices retreated below $1,862 after hitting the record high of $2,074.92 on August 6, which is because traders have widely dumped their long position in the fear of the declining risk aversion considering Russia has successfully registered the COVID-19 vaccine.
Gold Embraced Upside Potential amid USD Mass Selling
On Thursday European trading session, USD witnessed a retreat in full, creating space for a rebound in EUR/USD. While spot gold hovered around $1,930, WTI eased back to $42.5.
How Is Future Strategy After Gold’s Sharp Rally?
Gold prices broke the barrier of $2,000 per ounce for the first time last week but saw a pullback on Friday. What strategy is acceptable for investors in future tradings?
New High in Gold Prices Send Silver Bullish
Gold prices achieved new high yesterday, sending chances to silver, the best alternative, for an independent market.
Higher Gold Prices Ending the Year
The gold market is seeing significant momentum with prices hitting a fresh nine-year high, pushing above $1,840 per ounce. One research company still expects to see higher prices through the end of the year.