Spot Gold
At Gold Silver Reports, we provide real-time updates on Spot Gold (XAUUSD) with live prices, expert analysis, and daily trading insights. Stay ahead with accurate forecasts, support & resistance levels, and global gold market trends to guide your trading strategies.
Gold May Halt After Rally, But $1,918 Is Strong Support
Gold price (Yellow Metal) retreats from a nine-month high as bulls await the key US data/events for further directions while aiming for the fresh multi-month peak surrounding the mid-$1,900s.
Spot Gold price Refreshed Nine-Month highs $1,937.43
Spot Gold price is retreating from the highest level seen in nine months at $1,937.43 in the Europen session, as the renewed uptick in the US Treasury bond yields is aiding the recovery in the US Dollar. Meanwhile, the US Dollar also seems to benefit from cautious optimism, amid dovish Federal Reserve expectations, mixed US corporate earnings reports and weak domestic economic data.
Gold Price outlook: Yellow Metal Hurdle $1,888, Keep US Inflation Eyed
Bullion Price outlook: Gold price (Yellow Metal) clings to mild gains around $1,888 as expectations for softer US inflation underpin cautious optimism during early Thursday. As a result, the US Dollar keeps the recent bearish bias while tracking downbeat US Treasury yields.
Gold Price Analysis: Federal Reserve Chair Jerome Powell’s speech eyed
Gold Price Analysis: The US Dollar kicked off the week on the wrong footing on Monday, which allowed Gold price to hit multi-months. China’s reopening optimism and hopes that the US Federal Reserve (Fed) could slow its tightening pace lifted the overall market mood and knocked down the safe-haven United States Dollar. Expectations of a dovish Federal Reserve pivot picked up steam after the United Nonfarm Payrolls data suggested a tight labor market amid a moderation in wage growth.
Gold Forecast: Gold $1,823 Support Breakpoint Zone
Gold Forecast: Policymakers, however, remain focused on bringing down inflation and were set to keep interest rates in the US higher for longer. Apart from this, a generally positive risk tone acted as a headwind for the safe-haven gold price (Yellow Metal) and capped the upside. Investors turned optimistic in the wake of the reopening of the Chinese economy. China abruptly dropped ultra-strict curbs on travel and activity despite the continuous rise in new COVID-19 cases.
Gold Price Extends a 4-day Uptrend as the US Dollar Drops with Treasury Yields
Gold Price Forecast For Today: Technically, the bullion prices remain on track to extend its bullish momentum after it confirmed an upside from the ascending triangle on Tuesday.