Spot Gold gapped lower at the weekly opening, retreating from a multi-week high of $1,932.61 a troy ounce to trade as low as $1,908.19 on Monday. Fin
XAU/USD Current price: $1,921.25 The US Dollar eases despite Middle East tensions continuing to affect the mood. New Zealand, Canada and the United Kingdom will release inflation updates this week. XAU/USD retains its bullish stance in the near term, with buyers defending the $1,900 mark. ancial marketscontinue to look at the Middle East for clues as the war between Israel and Hamas escalates.
This week, New Zealand, Canada and the United Kingdom will report updated inflation figures, and if those signal mounting price pressures, the sentiment will likely turn sour. In such a scenario, the USD will likely outpace the bright metal. XAU/USD short-term technical outlook The daily chart for XAU/USD shows the metal trading at the upper end of Friday’s range but losing its bullish momentum.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold and Silver Price Forecast: Geopolitics Send XAU/USD & XAG/USD FlyingThis article examines the outlook for gold and silver for the coming weeks, analyzing the geopolitical and technical factors that could guide the trajectory of these key precious metals.
Read more »
Gold Price Forecast: XAU/USD hovers around $1,925 amid the geopolitical tensions, Chinese stimulus hopeGold price (XAU/USD) posts modest losses around $1,925 during the early Asian session on Monday. The market sentiment is mixed as investors have some
Read more »
Gold Price Forecast: XAU/USD correction could extend after Friday’s 3% upsurgeGold price is retracing a small portion of Friday’s massive surge to the highest level in three weeks at $1,933. The United States Dollar (USD) stays
Read more »
XAU/USD Price Forecast: Tempered Start for GoldGold prices moderated after last week’s push higher but a close eye will be on the ongoing Israel-Palestine war alongside US specific factors.
Read more »
Gold Price Forecast: XAU/USD gets rejected by the 200-day SMA, US yields riseAt the beginning of the week, the XAU/USD retreated towards $1,920 and consolidated Friday’s rally, which saw the spot price rising by more than 3%. M
Read more »