Spot Gold Forecast Report: March Durable Goods Orders data and the Conference Board’s Consumer Confidence Index for April will be featured in the US economic docket on Tuesday. Ahead of Thursday’s first-quarter Gross Domestic Product report, however, investors are likely to ignore Tuesday’s data.
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.
Will Gold Be Able to Move Upwards?
Gold prices have continued to rise at the start of the week after hovering in the $1945 area as covid cases continue to increase in the Shanghai region despite the lockdown announced by the Chinese government.
Gold Critical Support is $1,888
Gold Forecast and Reports: Gold trades around $1,925 still unable to attract investors as per trading in quite a limited intraday range. Yellow Metal has been flat for over a week, with daily candles showing little to no bodies, as the risk-averse environment boosts demand for both safe-haven assets.
Gold Price Outlook: Fed Minutes Eyed For a Fresh Direction [05-04-2022]
Gold Price Outlook: “Attention now turns towards the US ISM and S&P Global Services PMIs, the UN Security Council meeting on Ukraine and the inverted Treasury yields curve for fresh impetus on gold price action. The Fed minutes, however, will be the key event risk, which will provide fresh insights on whether the world’s most powerful central bank will deliver a series of aggressive rate hikes to quell raging inflation.”
Gold Slips as U.S. Jobs Data Spark Bets on Hawkish Fed [03-04-2022]
Gold declined following a solid U.S. labor report that may strengthen the Federal Reserve’s case to use aggressive interest-rate hikes to tackle inflation.
Gold Forecast And Technical Outlook For Today [30-03-2022]
Gold Forecast And Technical Outlook For Today: The spot gold price (Yellow Metal) is stalling at an hourly resistance zone near $1926—$19,33 while Russia promised at the peace talks in Istanbul to drastically scale down its military operations around Kyiv and the northern Ukrainian city of Chernihiv.