Spot gold dipped 0.3% to $1,946.56 per ounce by 10:53 am EDT (1453 GMT) and U.S. gold futures fell 0.8% to $1,953.80.
gold futures chart
Global Markets: Stocks slip as markets await U.S. stimulus
Stocks slipped on Thursday as investors waited for signs of agreement on a U.S. stimulus package, while the U.S. dollar slumped to a two-year low on fears that the recovery in the world’s biggest economy was lagging others.
Gold Spot Target Was $2050 Yesterday Hit Full Target $2055 – Neal Bhai
Gold Spot Target Was $2050 Yesterday Hit Full Target $2055 – Neal Bhai. Gold steadied on Thursday after hitting a record high in the previous session as dismal U.S. jobs data hammered the dollar, while increasing worries about a recovery in the pandemic-ravaged global economy kept demand solid for the metal.
Gold Silver High Alert – Be Cautious @ Higher Level – Neal Bhai
Gold Silver High Alert – Be Cautious @ Higher Level – Neal Bhai
Gold slipped from a record as U.S. stocks rose on positive economic data and the dollar climbed.
Gold MCX Report – Keep Eye on 53700 Above Target 55400—56500, Below 53700 Red Alert
Gold MCX Report – Keep Eye on 53700 Above Target 55400—56500. Red Alert : Below 53700, Be cautious at higher level. Read More : Gold Prices …
Gold Spot I Told You Above $1930 Target $1972—$2020, 1st Target Hit Next Wait 2nd Target.
While the rally appeared to pause, analysts who say gold is overvalued aren’t expecting a substantial decline. A correction probably will be measured, thanks to the weak dollar and chronic turmoil in the global economy, BNP Paribas SA said.
Gold Remains Above $1,900 Outlook Remains Positive – Gold Silver Reports
This set-up is now beginning to ease and while gold remains above $1,900 last Friday’s high and Monday and Tuesday’s low prints the outlook remains positive.