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Gold price pushed above $1,900 an ounce to hit the highest level in almost two months, aided by a weaker dollar, after posting the biggest annual advance in a decade. Silver price also surged on the first full trading day of the new year.
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.
Broad Risk-on Sentiment Weighed on the US Dollar, Buying Precious Metal Prices
Precious Metal Prices : Gold prices rallied as much as 1% on Monday after President Trump signed a $2.3 trillion bill that contains $900 billion in pandemic relief aid and $1.4 trillion in government spending to fund federal agencies.
Spot gold Prices Have Been on The Front Foot in Recent Trade
Spot gold prices have been on the front foot in recent trade, with a boost coming at 13:30GMT in the form of slightly softer than expected US Consumer Price Inflation numbers. Spot gold popped above the $1840 level and Wednesday Asia session highs at $1842, but has so far failed to break above $1850. As things stand, the precious metal trades with gains of close to $8 or 0.5% on the day.
Gold Price Analysis: Gold Trades bear 4H Chart 200SMA
Gold Price Analysis : Gold consolidates on recent recovery rally from $1,764 to $1,895. The four-month falling trendline hurdle is still intact.
Gold Silver Price Melting Like ICE – Gold Low $1,774 — Neal Bhai Reports
Gold Silver Price Melting Like ICE : The XAU/USD pair came under sudden selling pressure and plunged to its lowest level since early July at $1,782.28.
GOLD TECHNICAL ANALYSIS : Gold Prices Slide as US Political Uncertainty Eases – GSR
Gold Technical Analysis : Gold prices down through long-standing range Resistance level $1854——$1865, Seemingly setting their sights on a retest of former support in the $1752——$1770 Level. A breach below that may see prices probe under the $1700 Level. Alternatively, a bounce back above $1865 eyes the 1913——$1935 Region Next.
Gold Spot Below $1854 Next Target $1780——$1744 — Neal Bhai Reports
Gold Spot (XAU/USD) looks to threaten $1800 level amid coronavirus vaccine optimism after the yellow metal resumed last week’s bearish momentum on Monday and fell 2% to the lowest levels in four months at $1831.